Mortgage payment options are never set in stone. In fact, there are several options to help bring down that high mortgage bill.

Fox Business listed six ways borrowers can lower their mortgage bill before having to move into a cheaper house.

Here’s a sneak peak of the first one.

Refinance at a lower interest rate          

Sometimes it's better to refinance your loan at a lower rate — even if your monthly payment is higher — in order to cut the amount of money you will ultimately pay the bank.

You can also restructure the loan from a 30-year to a 15-year. Your monthly payment will be higher, but you'll cut the total number of years of making payments.

According to the latest Freddie Mac Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 4.04% for the week ended July 9, down from last week’s average of 4.08%.