You Could Save Money With A Mortgage Recast | Marimark Mortgage

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You must make a lump sum payment to reduce your loan balance and. Minus your initial $10,000 lump sum payment, that's total savings of $6,560.. The number of years it will save you depends on your interest rate.

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If you did not provide an Automated Underwriting System (AUS) response, this quote is based on an assumed AUS Approve/Eligible response. If you did not provide a credit score, this Quote is based on non-traditional credit sources. Actual rates may vary if any changes to the data are made.

What you will need is some sort of lump sum payment, like money you money have. In this scenario, recasting your mortgage would save you.

An annuity is an investment that provides a series of payments in exchange for an initial lump sum. With this calculator, you can find several things:

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