12 Unconventional Ways to Lower Your Mortgage Payment

Mortgages have increased, impacting monthly budgets. Ways to lower mortgage payments include making a bigger down payment, reducing homeowner’s insurance costs, recasting the mortgage, making bi-weekly payments, refinancing, getting a property tax assessment, negotiating a lower interest rate, downsizing, applying for a modification program, lengthening the loan term, renting out spare space, and paying mortgage insurance upfront.