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How large does the one-time payment need to be?

A lump sum principal reduction payment of $10,000 or more is required.

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Related Questions

Will a recast lower my monthly mortgage payment?

If I’ve made principal reductions over the years that add up to $10,000 or more, do I have to make an additional lump sum payment?

I thought I could skip my regular payment this month since I sent in a principal reduction payment. Can you take my regular payment out of that amount?

When can I start paying the lower monthly payment amount specified in my Recast Agreement?

How long does the recast process take?