Homeowners are increasingly exploring the benefits of making extra mortgage payments to reduce their long-term debt. For ...

Recasting lowers your monthly payment, but it doesn't shorten your mortgage or maximize interest savings. Making an extra principal payment won't lower your monthly payment but can reduce the total ...

Text Callout : Key Takeaways - I Got a Tax Windfall: Should I Recast My Mortgage or Make a Principal Payment? If you've received a large tax refund, you might consider putting it toward your mortgage ...

If you’ve received a large tax refund, you might consider putting it toward your mortgage as a lump-sum payment. If your payment is large enough — typically $5,000 or more — you may qualify for a ...