How To Lower Your Mortgage Payment
Get a cosigner
It’s important to remember that mortgage companies are just trying to protect themselves. They want to make sure that whether or not you can make your mortgage payments they will get paid. One way they can feel more secure is if you take on a cosigner who has substantial assets or a much higher credit score or income than your own. If you can help assure the lender against loss through this move, you might receive a lower rate. But you’ll need to find someone willing to take on this risk for you.