Recasting vs. Refinancing: Which Mortgage Option is Better?

When deciding on a mortgage payoff strategy, that often churns up the great debate of recasting vs. refinancing.
There are benefits to both recasting and refinancing a mortgage. Like all things in personal finance, the best option depends on your personal situation.
To help you get a better handle on recasting vs. refinancing, check out this video!
CHAPTERS
0:00 Intro
0:50 What is recasting?
1:31 What is refinancing?
2:45 Pros and Cons of Recasting
4:29 Pros and Cons of Refinancing
6:05 FAQ
8:15 Final Verdict
#Recasting #Refinancing #MortgagePayoff #MortgageFree #DebtFree #FamilyFinance #PersonalFinance
RESOURCES
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OTHER VIDEOS TO WATCH
Recasting Your Mortgage: What are the Pros and Cons?
• Recasting Your Mortgag...
Biweekly Mortgage Payments vs. Monthly: Which Gets You Mortgage Free Faster? • Biweekly Mortgage Paym...
10 Incredible Benefits of a Paid Off House
• Recasting vs. Refinanc...
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CREDITS
Video Editing: Dan Hinz
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[@abc123abc99]

One of the arguments against paying off a mortgage early is the liquidity crunch it creates on your monthly finances. Bringing recasting into one's strategy somewhat counteracts this downside by lowering the mortgage bill indefinitely into the future. Plus, if this is done on top of investing appropriate amounts into tax-advantaged retirement accounts, it seems like a pretty sound strategy.

[@tonyalaw8197]

I 💯 agree 👍! A win win.

[@jamesp9998]

Another great video Andy . Keep up the great content

[@MarriageKidsandMoney]

Thank you James!

[@carolannstevens5814]

We absolutely hate paying interest on anything including Mortgage. We saved cash to build. Still in the process of building our retirement house. Our daughter also bought land and cash as they go.