What is mortgage recasting?
You pay a lump sum now to cut future monthly payments. But there are drawbacks.
7 min read
Jan 26, 2026
Taylor Freitas
Contributor, Personal Finance
Taylor Freitas is a Bankrate contributor with over a decade of professional journalism experience. Over her career, she has covered various topics, including personal finance, credit cards, travel rewards, home ownership, mortgages, and home improvement.
When she isn’t writing, Taylor can be found using points and miles to explore new countries (most recently, Cambodia and Vietnam), discovering new music, and cheering on her beloved USC Trojans.
Find Taylor Freitas beyond Bankrate
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Taylor's latest articles
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Home purchases are always complicated, but it’s trickier to buy with someone you aren’t legally tied to.
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Can you buy a home on disability?
Homebuyers on disability may have more options than they think.
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