Part 7/8:
One of the simplest ways to manage mortgage payments is to avoid taking out a larger loan than necessary. Just because lenders may approve you for a high loan amount doesn’t mean you should take it. Assess your personal financial situation and commit only to what aligns with your long-term financial goals.
Bonus Tip: Increase Your Income
While not a formal step, consider finding ways to supplement your income, such as a side hustle. Boosting your earnings can provide additional funds to pay off your mortgage faster and alleviate the financial burden.