What is a Mortgage Recast? Real estate tips and tricks A mortgage recast is when a lender recalculates the monthly payments on your current loan based on the outstanding balance and remaining term. When you purchase a home, your lender calculates your mortgage payments based on the principal balance and the loan term. Every time you make a payment, your balance goes down. Follow for more tips. ---------------------------------------------------------------------------------------------- Check us out here for more Tips and Info's about Real Estate decaterrealestate.com/bdecater ------------------------------- Subscribe Now! ------------------------------------ don't forget to "Like" -------- Your likes help people find our videos ***Comment*** Talk with us, share your opinion, ask questions. That's what we are here for! ---------------------------------------------------------------------------------------------- Decater Real Estate Group Exp Realty 111 Front Street N. Suite 202 Issaquah, Wa, 98027 ---------------------------------------------------------------------------------------------- Email: Info@DecaterRealEstate.com Schedule An Appointment: https://calendly.com/brad-decater ---------------------------------------------------------------------------------------------- #realEstate #buyertips #sellertips #marketupdate #braddecater #howto #tutorials #realestatetips