As unemployment rises, many people are finding themselves out of work and their families are down to one, or even no, income. As these families struggle to keep their homes from foreclosure, they may consider refinancing. But can they qualify for a new mortgage when their income has dropped? Carmen Wong Ulrich answers this question and explains what to do if you can't afford to get a new mortgage.
If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at firstname.lastname@example.org
Watch Carmen Wong Ulrich's 'On The Money' Saturdays at 8PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.