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Should I recast my mortgage?
Should I recast my mortgage? We bought a condo in 2023, on a $390K 20-year fixed mortgage at 5.875%. I made a $58,500 lump sum payment when we sold our old house, but didn't recast the mortgage, figuring I'd refinance when rates came down a bit. Of course, that hasn't happened. I'm pondering recasting the loan. The loan matures in 2043 but with the lump sum and no recast wo...
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