Pete Green of Atlantic Bay Mortgage Group shared this information about loan recasting. Here's what he had to say...

If you are looking to reduce your monthly mortgage payments, Loan Recasting is a refinance alternative that is an excellent option for retirees whose mortgage is more than they ultimately wanted.

The process is as follows: [...]

Fannie Maes What do consumers know about the Mortgage Qualification Criteria?Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. The 2 Mortgage Myths that may be holding back buyers are:

Myth #1: I Need a 20% Down Payment

Fannie Maes survey revealed that consumers [...]