Mortgages
Home Equity and Refinancing
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?

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Answer

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Wiki User
01/16/2007

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.