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Looking a for ways to get lower monthly mortgage payment

We’re still in the process of looking for homes, but have found that if we go up $20-30,000 more they don’t need as much updating. I googled to see if anything popped up, and found an article that said you can by making a large payment to the principal. Would a lender take a smaller down payment on a conventional loan (let’s say $10,000), then let us pay $40,000 to the principal alone? Would that make much of a dent on a $275,000 house?

Any other suggestions appreciated!

submitted by /u/DriftingMoth
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source https://www.reddit.com/r/RealEstate/comments/1pdx02w/looking_a_for_ways_to_get_lower_monthly_mortgage/
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