How often do you recast your mortgage?

[Cillian Kelly]

What tool do you use to recast?

I've build a lot of equity in one of my properties and I am thinking about recasting to lower my monthly payment. 

Any advise is appreciated

[Shafi Noss]

Recasting generally means making a lump sum payment to principal, which is an effective way to reduce your monthly payments. 

If you are talking about refinancing to stretch your payments out over a longer time, that is also an way to increase cashflow. 

An added bonus is that you will also boost the portion of your payments going to interest, which increases after-tax cashflow.