Jeff Thornton - NMLS 1152466 - Cardinal Financial

Most homeowners should NOT refinance right now.

Especially if you already have a lower interest rate.

A lot of people are confusing:

* refinancing
* recasting
* paying extra toward principal

…and they are completely different strategies.

In some situations, recasting can lower your payment while keeping your existing low rate — if your loan allows it.

Comment “RECAST” if you want the side-by-side calculator.

$150K income sounds like a lot… until you actually run the numbers.

In today’s market, that can land somewhere around an ~$800K home —
and that’s with minimal down and no other debt.

Add something like a car payment or a few credit cards, and that number drops faster than most people expect.

That’s the part a lot of buyers don’t see upfront.

It’s not just about income — it’s about what you carry with it.

Hope this gives a little perspective if you’ve been thinking about buying lately.