http://moneyning.com/mortgage/how-to-recast-your-mortgage/
Recast. Maybe you've heard this rarely used financial term before and didn't know what it was. Well, what a recast basically is is a principle reduction plus a re-amortization of the remaining balance on your loan. The above link which takes you the MoneyNing blog by David Ning explains it all.
http://finance.yahoo.com/news/10-practical-moves-avoid-problem-080054368.html
Good advice on how to gain control over your finances.
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