Recast a Mortgage for Real Estate Investing 🔥
As a real estate investor (or homeowner) you may be curious about recasting vs refinancing. To recast a mortgage is easier than you think; and in this video Chris Deal of Real Estate Investing Made Easy is going to share a a live case study of how to recast your mortgage.
Most people haven't even heard of a mortgage recast, but by the end of this in depth training, you'll know the answer to what is mortgage recasting, and will be able to discuss a mortgage recast and know when is mortgage recasting good. All so that you can help lower mortgage payment without refinancing.
Chapter Markers:
00:00 Intro
00:40 What is a Mortgage Recast in a Subto Deal Structure?
02:18 Can you Mirror Wrap a Probate Property?
03:03 Mirror Wrap Case Study
09:41 How Recasting a Mortgage Works?
10:53 Are You Struggling with Closing and Dispo?
11:27 Understanding Seller’s Motivation
15:05 Structuring a Mortgage Recast for Subto
17:25 Mirror Wrap Mortgage Recast Structure Option 1
22:55 Mirror Wrap Mortgage Recast Structure Option 2
28:36 Key Takeaways
Stick with us here on Real Estate Investing Made Easy. Consider checking out our Mastermind at www.reime.us - this is a topic we covered in depth on our Mastermind and what you're seeing about mortgage recasting is just scratching the surface.
If you're looking for support in closing or dispo for deals, we JV with investors across the country. Simply visit www.CloseAndDispo.com - scroll to the bottom of the page and submit your deals information to potentially JV with us!
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