Can I pay less the monthly amount due on my mortgage? I would advise you not to. I don’t think that you should. Some people do, I would advise not to. Initially when you purchase the house, you agreed to pay a certain amount monthly. Everything that led to that point, where the bank agreed and you agreed, stated you would be able to pay this amount monthly. Now, the bank loan the money in good faith hoping that you will continue to make these payments that you’ve stated that you would be making at closing and you brought in all the original documents to support that you had the ability to make these monthly payments prior to the closing.
So, my advise to you if you have an amount to pay on your mortgage, pay that amount. If you don’t, you’re really walking that line where you can have the property foreclosed and swiped right out from under you. Irrespective of the fact you made two-thirds of the payments or one-third of the payments. The face is, you did not make the full payment. So, should you? Yes. Do not take any chances with that. This is your home. So if you have a certain amount to pay monthly, do all that you can to make this happen.