I'm thinking of my family losing our home.
Why do you think that, are you renting?
We are renting the house.
If you're worried about it, then there must be a possibility of it happening. It's smart to make a contingency plan should you lose your home.
Why do you think I make a lot of money? I save all of it in case of an emergency.
If you have a savings then you should use that to pay for your home. You can always build the savings back up.