I am very interested in buying a house that is for sale in our area, however the payments are going to make us struggle. I don't know jack about real estate, I am learning, but the bigger the down payment, the lower the monthly payments? Also, any tricks to getting a mortgage payment down?

well, if you can finance well, you could sell your existing home, and use some of the profits there for the down payments. you can opt for different loan options, but they all vary depending on what loan office you go to.

Ask the owner, if he/she would hold a note, lets sayfor 10.0000.00 or 15000.00 As you pay your mortgage,pay it twice a month......say its 800.00 a month....Pay 400.00 on the 1st and 400.00 on the 15th.....you will sure get it down alot qucker, because of theinterest!!along with that ask the seller to up the selling price,and put the amount as your down payment...examplehouse is selling for 200000.00 you normally need 10percentdown plus closing cost.....Have the seller put it as 228000.00and deducted the 28990.00 . So actually have not put any money down and will have a nest egg to start with.Then when the home appreciates....you can remortgage it.Hope this helped a bit......we did that with a home we sold.everyone was happy.

Yes the bigger down the lower your payment, but you really need allot of money to make a difference. One way is buying your interest rate down to a lower rate, on my home I bought my rate down to 5.5