One of the things that greatly affects your monthly mortgage payment is the cost of your insurance. When you bought the house, you probably shopped around for the lowest premium available. However, as the years passed, it might have gone up slightly every year, but you never really noticed.

When money gets tight, we all look for ways we could save. Although you cannot change your taxes, often you can change your insurance premium. You may even be able to do it with the same carrier. But you have to ask! And it would be good to know what others may charge you for the same thing.

Do some homework, make a few calls or go online, then call your carrier. If they can’t meet or come close to other estimates, consider changing. It is very real money that comes out of every single mortgage payment, and if you can cut that by $30-50/ month you may be able to pay down your mortgage sooner , by continuing to make the payment but now applying it to reducing the principle. Yea for you!