Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Money Management > Loans > Mortgages > Home Equity and Refinancing > If you want to refinance your home to cover your debts that weren't covered with your bankruptcy do you want a refinance or debt consolidation?

If you want to refinance your home to cover your debts that weren't covered with your bankruptcy do you want a refinance or debt consolidation?

Answer:

shoud I refi

the truth is a refinance and a debt consolodation loan that uses you home as colateral are two ways of saying the same thing. If you are comforitable with your mortgage payment you may want to make other arrangements with your creditors. you don't want to get yourself in a situation where your debts are paid but you loose your home becasue the payment is to high.

First answer by ID1258293942. Last edit by ID1258293942. Question popularity: 24 [recommend question].

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