Question on mortgages and principal : personalfinance

Hi, I’m a young adult learning about mortgages.

So in the case of missing 3-4 mortgage payments, there’s foreclosure. When paying down the house, it’s somewhat good to pay extra to put toward the principal, and lower the monthly amount that you pay. It’s kinda like reverse compound interest, so you pay less over time. There’s also the argument that it’s better to not pay extra because your money is better off invested in (etf/compound interest/mutual funds, etc).

Hypothetical, let’s say you pay extra on principal, and you’re technically ahead on your 30 yr plan, but one year, things are bad. You have no business or you’re fired so you have no income. Is it possible for you to take some of the money that you paid extra on principal? (I know it sounds ridiculous)

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