How to Lower Your Mortgage Payment

There are 4 major factors to a mortgage payment (5th is Mortgage Insurance). PITI. Principal, Interest, Taxes, and (Homeowners) Insurance (plus PMI/Private Mortgage Insurance).
1.) Principal: This is set based on sales price (divided by 360 payments, if 30 yrs.)
2.) Interest: This is your mortgage rate, based on market levels, credit, Seller concessions, etc. Note: You can buy down your rate (if it makes sense.) You can also re-finance your current mortgage, if it makes sense. Check with your lender.)
3.) Property Taxes: Do you think your taxes are too high? How about contesting them?...First, check with me for your comparable values in the neighborhood, and you can determine if that's a wise thing to do, once you get your tax bill.
4.) Insurance: Homeowners/Hazard Insurance depends on credit rating, company and coverage chosen. Note: Newer homes typically have much lower rates. Call me, if you'd like advice on shopping your rates.
5.) Private Mortgage Insurance: This is to protect the lender on their investment in to your loan. However, for conventional loans, this can drop off @ ~20% payments into your loan. Talk to your Lender about doing such.