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Home About US Mortgage Tips Mortgage Tools Mortgage Terms Mortgage Rates Mortgage Articles How mortgage works Other Links Guestbook	How to lower your payment Everyone wants to reduce their mortgage payment. Here are the 5 ways to help: Get rid of your PMI Get a Low interest rate Points Lower your total Amount (closing cost, etc.) Get the right mortgage plan [top] Get rid of your PMI- If you don't have 20% paid down on your house, then you have to pay PMI insurance for your lenders. Here are some tips to help you get rid of your PMI. Pay down 20% Change to an 80/20 Credit card What's PMI [top] Get a Low interest rate - You don't have to settle with the 1st interest of the first bank that you visit. There are many other ways to find a lower rate. By looking in other areas, negotiating, and looking into bank/government programs you can finds a possibly lower rate. Check around for rates Look out of town Check your mortgage plan Points How interest works! [top] Points - Purchase points from your lender to get you a lower interest rate on your mortgage. What are points? How do points help When would you NOT benefit from points Advantages vs disadvantages Lower your total Amount (closing cost, etc.) - There are so many ways to lower your total cost of your loan. Remember to Negotiate with your lender as well as shop around for better deals. Lower your Closing costs Reduce your Xtra Fees Escrow Tips Credits from builders/sellers [top] Get the right mortgage plan - Understand what you are looking for in a mortgage. DO you want it paid off soon? Do you want the payments as low as can be? AND/OR our you getting the loan for a small period of time? These are some things that you need to consider and should help you pick the mortgage for your situation. What are the mortgage plans? What's the difference? Which plan has the lowest rate? Which plan has the lowest monthly payment? Which plan will I benefit from?	Bookmark US! Add us to your Favorites! Links: Pay it off sooner Lower your payment How Mortgage works Mortgage Calculators Save hundreds on your mortgage