5 Ways to Lower Your Mortgage Payments Over Time

Owning a home is a significant achievement, but managing mortgage payments can be challenging. To ease financial strain, homeowners can consider refinancing for lower interest rates, extending loan terms for smaller payments, and eliminating Private Mortgage Insurance (PMI) once 20% equity is reached. Additionally, appealing property tax assessments and investing in energy-efficient upgrades can reduce monthly costs. These strategies can help make mortgage payments more manageable and improve overall financial security.