Rising mortgage payments can place pressure on any household budget. Interest rates may increase. Property taxes may rise. Insurance costs may grow. When this happens, it becomes harder to meet your regular mortgage obligations. If you are a homeowner, you must take steps to manage this change. This article provides clear financial tips to help you handle rising mortgage payments. It also explains how Mercer WM can support you during this time. 1. Review Your Monthly Budget Start by reviewing your current expenses. Make a list of your monthly income and all your spending.