Mortgage Minute: Recasting Your Mortgage
It’s pretty much impossible to be a contingent buyer in this market. This puts a wrench in the plans of many homeowners who need the proceeds from their sale before they buy their next home. Jane Johanns, our trusted mortgage advisor, is back with a solution for anyone who’s in a situation like this. Since her company funds their own loans, they can authorize a mortgage recast that will allow you to become a non-contingent homebuyer.