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My mortgage payments seem to be too much especially in the current state of the economy. Is there anything I can do to lower them?
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There are a few things that you can do to lower your mortgage payments. First, consider taking a loan offered by a lending institution with a low mortgage payment offer. This will reduce the amount of your debt per month and help you to afford your home. Additionally, consider using a low-cost interest consolidation loan to reduce your monthly budget. and

To reduce your monthly mortgage payment, consider using a low-cost interest consolidation loan. This will reduce your interest rate and help to afford your home. Additionally, consider using a low-cost interest consolidation loan to reduce your monthly budget.

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The following ways are useful to lowering your mortgage payment.

1) Extend your repayment system.

2) Refinance your mortgage.

3) Make a larger down payment.

4) Rent out part of your home.

5) Get rid of your PMI. 
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How to get a low mortgage payment and how much mortgage payment I can afford - are 2 questions you should ask before applying for the mortgage. Study all the information about mortgage and make the right decision at the very beginning in order not to make both ends meet later. 
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Below somethings that you can do in order to lower your mortage payments

  • Refinance to a lower rate
  • Refinence to a longer term
  • Apply for mortgage forbearance
  • Apply for loan modification
  • Eliminate mortage insurance
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9 strategies to reduce your mortgage payment. While not all of these apply to every loan scenario, and some require a cash outlay, one of these may work for you. ...

2

Buy a cheaper house. ...

3

Increase your down payment. ...

4

Have your seller pay your PMI. ...

5

Pay points. ...

6

Drop mortgage insurance coverage. ...

7

Recast your loan. ...

8

Refinance.
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1. Make a substantial down payment 

2. Shop around-various mortgage lenders offer a variety of loan terms

3. Before you apply, be sure your funds are in order

4. Purchase a property at a reasonable price
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Lowering your mortgage payment can be a great way to free up funds. The way to get a lower rate is to refinance with a lower interest rate keep an eye on the market. Look for rates that are lower than your current interest rate. When mortgage rates drop, contact your lender to lock your rate. Get Rid of the FHA mortgage insurance premium determined how much equity you have, your equity will be based on what your home is worth when you refinance, simply subtract your current loan balance. Getting rid of private mortgage insurance you're probably paying for private mortgage insurance as part of your monthly payment. You can ask your lender to remove PMI this allows you to save money since mortgage interest is tax-deductible, but PMI is not. Extend the term of your mortgage if lower payment is your goal, extending the term of your mortgage with a loan modification can help you get there. A longer term spreads out the loan balance over more payments.

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Here are some tips to help you get a low mortgage payment: Improve your credit score: A higher credit score can help you get a lower interest rate, which will result in a lower monthly payment. Make a larger down payment: The larger your down payment, the lower your monthly payment will be, since you will be borrowing less money. Choose a shorter loan term: A shorter loan term means higher monthly payments, but you will pay less interest over the life of the loan. Consider an adjustable-rate mortgage (ARM): ARMs typically have lower initial interest rates than fixed-rate mortgages, but they can increase over time. Shop around: Compare offers from several lenders to find the best interest rate and loan terms. Get pre-approved: Getting pre-approved can help you understand how much you can afford to borrow and what your monthly payment will be. Consider government programs: There are government programs, such as the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA), that offer low-interest loans to eligible borrowers. Remember to consider all the costs of homeownership, not just the monthly mortgage payment, when deciding how much you can afford to borrow.
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There are a few things you can do to lower your mortgage payments:

1. Keep your payments low by following a budget plan. This will help you find ways to make your payments as low as possible.

2. Apply for a low-interest rate loan. This can help you get a loan that meets your needs and can help you pay your debt less often.

3. Choose a better option for your transportation. If you have to pay for your goods and services through your mortgage, you can choose a more reliable, affordable, or more expensive option.
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There are a few things you can do to lower your mortgage payments:

-Use a credit counseling service to help you get a lower mortgage payment.

-molesta (www.molesta.com): This website provides resources and advice on how to reduce your mortgage payments.

-member (www.member.com): This website provides information on ways to reduce your mortgage payments.
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Buy mortgage points

Make a larger down payment

Improve your credit score 

Choose your loan term carefully

Refinance your mortgage
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FHA Loans. FHA loans, which you can get with as little as 3.5% down, are backed by the Federal Housing Administration and are loans for people who have low to moderate income. FHA loans carry fewer requirements than USDA and VA loans
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I can afford - are 2 questions you should ask before applying for the mortgage. Study all the information about mortgage and make the right decision at the very beginning in order not to make both ends meet later. 
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