scheduled recast

Popular Terms
Recalculation of payments on a mortgage. With some adjustable rate mortgages, payments during the first five years are kept low, sometimes not even covering the amount of interest owed. At some point in the mortgage, commonly after five years, payments are recalculated so that the mortgage can be paid off over its remaining term. At that point, payments may rise dramatically.


Email Print Embed

  • 665167575 2018-01-20
  • 576171574 2018-01-20
  • 84494573 2018-01-20
  • 504150572 2018-01-20
  • 796416571 2018-01-20
  • 72279570 2018-01-20
  • 50734569 2018-01-20
  • 5215568 2018-01-19
  • 512120567 2018-01-19
  • 314858566 2018-01-19
  • 11778565 2018-01-19
  • 702126564 2018-01-19
  • 715729563 2018-01-19
  • 569692562 2018-01-19
  • 295282561 2018-01-19
  • 991485560 2018-01-19
  • 230200559 2018-01-18
  • 10324558 2018-01-18
  • 825271557 2018-01-18
  • 228878556 2018-01-18