If you’ve recently come into a large sum of money, and would like to lower your mortgage payment while saving a significant sum on interest, recasting a loan could be the right move for you.
Home shopping is time-consuming, especially if you have a long list of must-haves. So, why not do yourself a favor and seriously consider a few homes that don’t meet all your requirements.
FHA mortgages are indispensable to many home buyers with credit issues and small down payments. However, time can change things making a conventional mortgage more attractive.