Would mortgage deferment be a Bad Idea?

For the people that just have need of a little help beside their mortgage payments, would payment deferments of six months or more be discouraging? The banks would still get the interest for the loan, even more interest because the loan would extend for a longer time of year of time. What about Interest only loans? I know if given the unsystematic I would want to try this before I lost my house.
Answers:
Instead of deferring the loan why not earnings the interest if you can afford it or instead refinance the loan if possible. If you refinance then the ridge will give you a longer period beside smaller payments

But if you defer you might still loose your house because nothing will be paid for six months

you can also progress to the bank to discuss your best option
It isn't a bleak idea if someone was forced to do this to preserve their head above water.

In times resembling these, you have to think creatively and do anything you can to get yourself back on your foot.

Related Questions:
  • John Mccain requirements to buy up adjectives the fruitless mortgages?
  • Where online can i find a mortgage company for family near unpromising credit?
  • THE SUB-PRIME MORTGAGE DEBACLE-IS IT fruitless as the hoard and loan crisis of the 80's?
  • Is within anywhere that I could apply that will approve me for a mortgage loan if I hold BAD credit?
  • How discouraging can one's credit be and still acquire a mortgage?