How To Lower Your Mortgage Payment
Put more down/buy the loan down
This is another move that will require more cash upfront now, but could mean paying much less over time. The less money you’re borrowing, the lower your payments will be. Regardless of the rate you get, your monthly payment will be smaller if that rate applies to a smaller amount. In some cases, putting down an extra 10K today to buy the loan amount down could be just what it takes to make the monthly numbers work, in the eyes of the lender.