How to Save Money on your Mortgage Payment without Refinancing

A Quick Way to Lower your Monthly Mortgage Payment

Do you escrow your home insurance payment in with your mortgage every month?  If you are like so many other homeowners who do- you might have a real easy way to save on monthly bills right now!

And no, you don’t have to go to the bank.

Oftentimes homeowners forget that part of their monthly “mortgage” payment includes their monthly homeowners insurance premium (and usually property taxes).  To cut down that monthly payment, shop regularly for deals on home insurance and see if you are eligible for discounts and lower rates.  Some of the easiest ways to cut down your home insurance premium include:

1- Shop Around- Use a company that offers comparative rates- You can start a quick quotehere with HomeInsurance.com and get multiple rates from competing companies.

2-Ask for Discounts! Most insurance companies offer discounts for having smoke alarms, deadbolts, burglar alarms- you name it.  Just Ask.

3- Home & Car w/ one company-Many companies (including the ones that HomeInsurance.com represents) offer a substantial discount for insuring both your home and car with the same company. Many customers save up to 20% on their home policy just by adding their car.

4- Check Your Deductibles-Review your deductibles regularly.  If your household income goes up you might want to consider upping your deductibles which will in turn lower your monthly premium.