Is your over spending due to adjusting rates in your mortgage or just over spending? Your mortgage and or equity (lack thereof) is not a bank account. If you have an adjustable rate you can discuses this with the bank â€œworkout departmentâ€. Let them know there is no way you can keep up the payments at this rate and you might find someone willing to lengthen your term i.e. 30 to 40 yrs or you might be able to skip a month. Just keep in mind that banks are in the business to make money.