Having a hard time making your payments on time? You can defer your payments, but it may cost you. The below article explains how deferring your payment may not be the best move.

In a down economy, it's possible that you'll find yourself struggling to make monthly mortgage payments. Your lender might suggest to you that skipping a couple of payments would help get you back on financial track. It may sound odd that your lender is encouraging delinquency, but what it's actually doing is allowing to defer a payment or two without negatively impacting your credit. The thing to remember is that those payments don't miraculously disappear. They get rolled into your home loan and you'll wind paying interest on that money over the term of the loan.

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