Can you cut back on your expenses instead? Pay your credit cards on time so that you don't incur a late payment fee that adds up to your balance. Look for other ways you can reduce your monthly spending.
And when you're back on your feet, make it a habit to "pay yourself" by setting aside some savings for rainy days like now.
The simple answer: You will be 30 days late.
The more correct answer would depend on whether you get caught up at the end of 30 days, or if you just make your regular payment again. If so, then you could have a "rolling 30" late, meaning that you are now 30 days late on each payment. One 30 day late is not a big deal. A 30 day late that rolls from month to month to month could soon be a significant problem for your credit scores.
Missing your mortgage payment will have an adverse effect on your credit. It will make it difficult for you to borrow money to buy other things and will likely impact your future borrowing on another house. But, if you cannot afford to pay your mortgage, that is another thing altogether. You are probably already in trouble. But, don't skip a payment out of convenience.
Joan Wilson (Realtor, SRES, Ecobroker)
California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
License # 01341483
It is my Goal to Increase the Success and Profitability of Those I Serve