How to Lower Your Monthly Mortgage Payment

Refinancing, canceling mortgage insurance, forbearance and loan modification are ways to lower your monthly mortgage payment if it feels unaffordable.

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Money is tight, and you’re looking for expenses to cut. Your mortgage payment is the biggest bite out of your paycheck, so that seems like a logical place to start.

Here are some options that may help you lower your monthly mortgage payment and important considerations about each one.

How to lower your mortgage payments