The process of redesigning existing loans, especially under the threat of default. The term of the loan may be extended or the interest rate adjusted to lessen the financial pressure on the borrower.
Related information about recasting:
- What Is Mortgage Recasting And Why Do It? | Bankrate.com
Some lenders offer homeowners a chance to lower their monthly payments by recasting their current home loan. Bankrate.com shows you the way!
- recasting - definition of recasting by the Free Online Dictionary ...
tr.v. re·cast, re·cast·ing, re·casts. 1. To mold again: recast a bell. 2. To set down or present (ideas, for example) in a new or different arrangement: recast a ...
- Recasting in Language Learning | Sinosplice
Dec 29, 2008 ... If you're a language teacher, you're probably quite familiar with the concept of recasting, even if you don't know the name. And if you're a ...
- Recasting Your Mortgage
Recasting is known as an adjustment to the current mortgage - a loan modification - that does not involve the issuance of a new mortgage guaranty insurance ...
- Recasting: Definition from Answers.com
Recasting Adjustment to a loan or mortgage threatened by default. The loan agreement is modified and the life of the loan may be extended.
- Can't refinance? Consider 'recasting' instead - MSN Real Estate
You can reduce your monthly mortgage payment, but you need to have some cash upfront.
- Recast A Mortgage
Though it is possible for recasting to occur after someone comes into a large sum of money and pays down their home mortgage, it most frequently occurs when ...
- Recasting Retirement: New Perspectives on - Experience Corps
THIS PUBLICATION HIGHLIGHTS THE FINDINGS FROM RESEARCH CO- SPONSORED BY. CIVIC VENTURES AND TEMPLE UNIVERSITY CENTER FOR ...