If you skip a mortgage payment then what happens is the lender will consider it a missed payment and lead to late fees, ding on your credit score and even foreclosure if you continue to skip mortgage payments.
You can only skip a mortgage payment if you have it setup to do so with your lender.
Otherwise you must make all monthly mortgage payments or weekly mortgage payments as agreed to on the mortgage.
When you skip or miss a mortgage payment most lenders will issue you a 15 day grace period to pay the mortgage without a penalty.
if you miss 4 consecutive mortgage payments or you're 120 days late on your mortgage then most lenders will begin the process to foreclose on the home.
You can skip a mortgage payment but to skip a mortgage payment and keep your mortgage in good standing you must have a strong credit score to qualify for a skip-payment mortgage and you must otherwise be up to date on your mortgage payments.
You should be aware that you will still owe the interest and principal that you would have paid in that month.
You can usually skip a mortgage payment and add it to the end of the mortgage loan and pay it later.
But before you skip a mortgage payment and add it to the end of the mortgage you need to speak with the bank or lender who is holding the mortgage on your home.
Some banks will allow you to skip or defer a mortgage payment when you need too and then add the mortgage payment to the end of the loan.
But always speak to the bank or lender about it first otherwise if you just skip a mortgage payment then they will mark it down as being late or delinquent on your mortgage.
Then they will hit you with late fees on your mortgage and then it will be reported to the credit agencies that control your credit score.
Your credit score will then be lowered as a result.
But if you get approval from the mortgage company or lender of the mortgage to defer or skip the mortgage payment then it won't harm your credit score.
However skipping or deferring mortgage payments just makes the mortgage take longer to pay off and can add more interest.