Once most people get a mortgage, they sort of just leave it as is forever. But, that’s not the best way to handle your mortgage. That set and forget attitude could actually be costing you more money in the long run. So, you should call every year and inquire about certain ways to lower your monthly payment.

For instance, you could call and find out if you could refinance to a shorter loan. It isn’t just a way to lower your monthly mortgage payment. It’s also a way to reduce the amount of interest you will pay over the life of the loan.

You are also recommended to find out if you can pay more towards the principal.