How do you keep your house if you lose your job?

So before you think foreclosure is inevitable, here are four ways to maintain your mortgage after losing a job or experiencing another type of hardship. Purchase mortgage protection insurance. Build up a savings account. Contact your mortgage lender. Get an FHA partial claim. Click to see full answer. Similarly, you may ask, how do you keep your house when you lose your job? So before you think foreclosure is inevitable, here are four ways to maintain your mortgage after losing a job or experiencing another type of hardship. Purchase mortgage protection insurance. Build up a savings account. Contact your mortgage lender. Get an FHA partial claim. Also, what do you do when you lose your house? Call Your Bank. The biggest mistake homeowners in distress make is to do nothing. List Your Property With an Agent and Start a Short Sale. Declare Bankruptcy. Get an Emergency Loan or Payday Advance. Apply for a Government Program. Rent Your Property and Ask for a Security Deposit. Similarly, it is asked, what happens to my house if I lose my job? If you’re worried about losing your job or being unable to work due to illness or injury, income protection and short-term income protection could provide an income to cover your mortgage payments. You would get a regular monthly payment rather than a lump sum.Will my mortgage be paid if I am unemployed?If you are unemployed, you might be able to get a mortgage forbearance, loan modification, or temporary financial assistance to tide you over.