Millions of homeowners are currently struggling with mortgage payments, especially with the current era of rising inflation and interest rates. However, there are some very effective ways on how to reduce your mortgage payment burden. 6 Simple Ways to Cut Back on Spending Mortgages are long-term debts that could take you up to 30 years to clear. The type of remedy to use depends on case to case as different individuals have different needs. So, let’s go. 1.    Negotiate the Interest Rate The biggest and most punishing mortgage cost is interest payments. Hence, to reduce your mortgage payments, you need to take care of this cost first. Interest rates are…