How to Escape Your Mortgage Payment

Feeling trapped by a mortgage payment that's financially unsustainable? You don't have to be!

Here are four ways to lower or eliminate your mortgage payment:

1. Refinance
   If you have significant equity in your home, refinancing can help reduce your monthly payments. Talk to your bank about securing a new 30-year loan for the remaining balance.

2. Sell Through an Agent
   You can sell your home with the help of a real estate agent. Keep in mind that your home will need to be in excellent condition for the MLS, which might require making repairs and updates.

3. Rent Out Your Property
   While this won't eliminate your mortgage payment, renting out your property can help cover the cost. If you're comfortable managing tenants and the associated risks, consider moving to a more affordable location and renting your home.

4. Sell Quickly for Cash
   If you want to completely eliminate your mortgage payment and move to a more affordable home, consider selling for cash. We've helped many homeowners in Jacksonville do just that. We buy homes as-is and can close in as little as two weeks. For more information, call us at (904) 570-1216.