Most people know that the main reason to refinance your house is to save money overall on your mortgage. Most people who are interested in saving money, especially are interested in lowering their monthly mortgage payment – not just reduce the total amount that they are going to repay the lender.

There are at least two different things that you can do to save money each month on your monthly mortgage payment without refinancing. First, make sure that you are paying the right amount of property tax each year and second, make sure that you are not paying too much for homeowners insurance.

If you think that you might be over-paying on your property taxes, then the easiest way to dispute it is to call your county assessor and find out how to dispute the amount. They will walk you through the process and usually it is fairly simple. You may be paying too much in property taxes if your home has went down in value recently.

Once you have dealt with your property taxes, then it is time to focus on your home insurance. First, get multiple free home insurance quotes from several providers. Then do everything you can to maximize the amount of discounts that you can get – things like insure your cars there, raise your deductible, install a Illinois home alarm system, and possibly even other discounts depending on what company you go with.

But by focusing on cutting your property tax bill and your homeowners insurance costs – one thing is certain, you can reduce your overall monthly mortgage payment without having to refinance your house!