Ask a Jumbo Genius – Recast
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 below or call 708-531-8388.