My husband and I are planning to sell our home and buy a new one soon. We want to sell and move into a new place without having to pay two mortgages. Our realtor, who helped us buy our current home, recommended using Homeward.
We’d love to hear from anyone who has used it before. What were your experiences like? I want to know everything, the good, the bad, and the ugly.
Most people don’t need to use a third-party company for this. You can do recasting with most lenders. Buy the new place with a small down payment, then sell the old one. The lender will apply the proceeds to the new loan and recast it. I’d see if you can swing it on your own instead of paying someone thousands in fees.
What do you mean by ‘recasting’? Never heard of that before.
Blake said:
What do you mean by ‘recasting’? Never heard of that before.
Recasting is when you adjust your mortgage balance after selling your old house. It can lower your monthly payments without refinancing.
Blake said:
What do you mean by ‘recasting’? Never heard of that before.
Got it, thanks! That sounds like it could save a lot of hassle.
I used Homeward last year and it was pretty smooth. They helped with the transition and made it easier to manage both sales. Just be aware of their fees; they can add up.
Valentine said:
I used Homeward last year and it was pretty smooth. They helped with the transition and made it easier to manage both sales. Just be aware of their fees; they can add up.
Thanks for sharing! How did you find their customer service?
Valentine said:
I used Homeward last year and it was pretty smooth. They helped with the transition and made it easier to manage both sales. Just be aware of their fees; they can add up.
Customer service was decent. They were responsive, but sometimes it took a bit to get answers.
I’ve heard mixed reviews about Homeward. Some people love it, but others felt it was a bit pricey for what you get. Just do your research.
Kelsey said:
I’ve heard mixed reviews about Homeward. Some people love it, but others felt it was a bit pricey for what you get. Just do your research.
That’s good advice. I want to make sure we’re making the right choice.
I’m in the same boat! I’m really considering Homeward too. Would love to hear more experiences!