Mortgage recasting: What it is and how it works
You pay a lump sum now to cut future monthly payments. But there are drawbacks.
5 min read
Dec 08, 2023
Sarah Sharkey
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Credit cards
- Insurance
EDUCATION
- Bachelor of Science, University of Florida
- Master of Science, University of Florida
I enjoy helping readers make the most of their money.
— Sarah Sharkey
Sarah Sharkey is a personal finance writer who enjoys helping people make smart financial decisions. She lives in Florida with her husband and dog. When she's not writing, she's outside exploring the coast.
Find Sarah Sharkey beyond Bankrate
- Business Insider
- Rocket Mortgage
- Money Under 30
I enjoy helping readers make the most of their money.
— Sarah Sharkey
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