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@miaooor not boiling blood over but it would be pretty stupid of Chase to let go of the interest from a good standing account just because they would not want to recast as someone was not in the right mood? :)

@miaooor I agree, I can just pay down the additional amount now, apply for a recast and in case they don't agree, just refinance the lower principal now to lower the monthly payment. Given the fact that I am talking about a 40% down payment towards the principal, they better agree else I...

@miaooor Thanks! The statement from Chase that we need to put in a request and they will then approve kind of disheartens me, does this mean for whatever reason they could deny recasting? Our accounts are in good standing but I would like to know for sure that after I have paid all that money...

@oppmuntre thanks! We have been pretty diligent the last couple of years after paying off our student loans, maxing out 401k, Roth IRA. Even though pay increased, the lifestyle did not change much from student days. The Goal is to be done with this now so we can start a family as expenses will...

@oppmuntre apologies for that, paying down the mortgage balance by 40% Without recasting the interest savings are > 150K! After recasting the interest savings are about 100K Looking to recast it as well after the payment is done, that should reduce monthly payments significantly and the extra...

@ovis90 Indeed. A decision will have to be made one way or another before next week begins.

@ovis90 Inspiring for me too. Currently undecided if we should pay down 40% off our mortgage @ 4% or invest. Investment comes with a risk but higher returns where as paying down is a guaranteed 4% ROI. It also helps recasting the mortgage to lower down payments and increase cash flow every...