Unless you are fortunate to own several properties, mortgages are often secured debts and therefore are not a direct threat to having your home repossessed but this will occur if you do not pay the mortgage bank every set period, normally on a monthly basis. As the fear of having the home repossessed is a frightening thought for many homeowners there is now many who take out mortgage protection to ensure that if anything did happen they would be fine for the foreseeable future whilst they got themselves back on their feet so to say. As it is not in the interest of the mortgage lender to repossess the house as it is negative publicity and an expensive process this can still happen if all other repayment options fail. Whilst certain people cover themselves in the form of income protection others try to cover themselves in terms of mortgage protection insurance, both of which are different but can be both equally effective in case of any problems.