Transcript: How a recast could work
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At Chase, we make homeownership surprisingly simple.
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Imagine you're buying your dream home, but you're hesitant to move forward because you have a home you need to sell.
On screen:
Text reads: Buy your dream home now, sell later.
Disclaimer on screen reads: Recasts are not available for government (FHA, VA, USDA) loans.
Your loan must be in good standing at the time you request a recast.
Chase retains the right to stop offering recasts at any time.
Terms and conditions are subject to change without notice.
Not all products are available in all states or for all amounts.
Other restrictions and limitations apply.
Fees may apply.
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With Chase, you don't have to wait.
You may be able to take advantage of our mortgage recast service.
You can get a mortgage for your new home now.
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After you sell your current home, you can apply the proceeds to the new mortgage.
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Mortgage recast recalculates your payments based on your new lower principal balance.
Disclaimer on screen reads: Making a principal reduction to your loan lowers the amount of interest you pay over the life of the loan. By performing a recast, your monthly payment will be reduced but you will pay more interest over the life of the loan compared to not completing a recast.
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and we'll recalculate your monthly payments based on the new balance.
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Mortgage recast in action
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Here's an example of how it works.
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Let's say you take out a $400,000 30-year mortgage for your new home with a 5.75% interest rate.
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Your monthly principal and interest payment is $2,334.31.
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Footnote on screen reads: Example based on recast 6 months after closing date.
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When you sell your previous home, you apply the proceeds, for this example, $250,000 as a principal payment after 6 months.
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Your new monthly payment could be just $880.95. That's a significant monthly savings of $1,453.36 every month!
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Best part? You keep your original interest rate and loan term.
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No appraisal required. Minimal paperwork. More breathing room in your monthly budget.
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No appraisal.
Minimal paperwork.
Just more room in your monthly budget.
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Find out if your mortgage qualifies for this powerful financial tool.
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Not all loans qualify, but if yours does, it could be a real game-changer.
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At Chase, we're not just about loans- we're about making your home buying journey as smooth and rewarding as possible.Let's make it happen together!
On screen:
Chase logo swipes on screen. Below text reads: visit homelandingadvisor.chase.com. Disclosures on screen read: Recasts are not available for government (FHA, VA, USDA) loans. Your loan must be in good standing at the time you request a recast. Chase retains the right to stop offering recasts at any time.
Terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. Fees may apply. Making a principal reduction to your loan lowers the amount of interest you pay over the life of the loan. By performing a recast, your monthly payment will be reduced but you will pay more interest over the life of the loan compared to not completing a recast.
Speak with your Home Lending Advisor to evaluate the best option for you.
All home lending products are subject to credit and property approval.
Rates, program terms, and conditions are subject to change without notice.
Not all products are available in all states or for all amounts.
Other restrictions and limitations apply.
Next to the Equal Housing Opportunity logo is text: Home Lending products provided by JPMorgan Chase Bank, N.A. Member FDIC ©2026 JPMorgan Chase & Co.
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Ready to explore a recast?
Contact your Home Lending Advisor or visit homelendingadvisor.chase.com.