Do not succumb to this temptation. It is important enough for now that you have a roof over your head. There are several things you need to keep in mind after you move into your dream home. Pay Your Mortgage on time If you continuously make your mortgage payments late you will be sorry. There are two main reasons why this could be a costly mistake.
Late payments incur terribly high late charges.
In addition to that, late payments on a mortgage loan really hurt your credit. A lender may forgive an occasional late payment on a credit card here and there, but make a late mortgage payment and it sends up a red flag. Make more then a couple of payments late and you could have a difficult time trying to refinance or obtain a mortgage loan for another home. You might want to consider having your mortgage payment automatically deducted from your checking account and paid directly to the lender. Continue to add to your savings.