When you start falling behind in your home loan repayments this could unfortunately result in you losing your home. How late or behind you become in your repayments, and how quick any bank will react varies from state to state. Any bank or lender has the right to repossess and sell your home if you continue to miss repayments, fall further behind or break payment arrangements. We advise that when you are at a stage where you know that making your repayments will be difficult, that you contact your lender immediately and discuss payment options. Alternatively contact Finance Know How who can have a range of solutions that you can consider.