What Happens To Your Home When You Can No Longer Afford Your Mortgage Payment? With the turmoil in the financial markets, rise in unemployment, drop in the equity markets, and the incredible increase in the amount of mortgage lates and foreclosures around the country, is there anything that a homeowner can do to save their home from the lender that is holding the mortgage note?

To get an idea for what loan packages you qualify, you'll need to contact a Dallas mortgage lender. Once you find a prospective home and sign a contract, the lenders can offer a loan package. Before that time, though, they can only provide advice on what size mortgage you can afford.