What if you could lower your mortgage payments based on overpaying your loan WITHOUT refinancing. How does it work? David Rubinstein from CreditShout.com joins us to talk about recasting your mortgage and everything about how mortgages really work. He’s done the math between prepaying your mortgage vs. “recasting” your mortgage. Which one wins? We’ll discuss.
We also ask David his thoughts about interest rate changes in the future, and he shares what happens to credit card and auto loan rates if the Fed raises rates.
Of course, we have trivia, a new Netflix television show review, and much more!
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Giant US Pension Fund CALSters To Propose Shift Away From Stocks and Bonds (Wall Street Journal)
<> David Rubinstein: Recast Your Mortgage?
We discuss this article from CreditShout.com: Recasting vs. Refinancing Your Mortgage
<> Your Letters
Dave – Pension and 401k…how should pension affect diversification of 401k?
Debra – Selling a condo and wants a tax shelter for $80k
<> End Show/Movies/TV
Joe reviews the new Netflix show Chef’s Table