Homeowners seeking to lower their mortgage payments without refinancing have several options. Key strategies include recasting the mortgage by making a lump sum payment, eliminating private mortgage insurance (PMI), shopping for cheaper homeowners insurance, reviewing property taxes, and requesting a loan modification. Forbearance programs can also provide temporary relief. Other methods include extending the loan term, setting up a biweekly payment plan, renting out part of the home, utilizing energy tax credits, and negotiating with lenders for better terms.