Monday, July 24, 2017

Can you recast a Jumbo Loan?

Some Jumbo Loans allow recast, others do not. A recast occurs when you pay-off a lump sum of your mortgage principal amount and have your payments recalculated according to the original interest rate and terms. United Home Loans can help you secure a Jumbo Loan that can be recast, but please inform us of your recast desire upfront to avoid delays during the mortgage process. For information, contact a Jumbo Genius here or call 708-531-8388.

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