Refinancing your mortgage can lower interest rates and reduce monthly payments significantly.
Recasting involves a lump-sum principal payment to recalculate and lower monthly mortgage payments.
Eliminating private mortgage insurance after reaching 20% equity can save $105–$245 monthly.
Comparing homeowners insurance and adjusting deductibles can cut premiums by nearly $200 monthly.
Challenging overassessed property taxes can further lower payments, while lenders offer hardship options.