You're looking at the bills and wondering whether selling the house would help. You can bring us that question without explaining how you got here. Before adding another loan against the home, let's compare staying with selling.
Consolidation moves debt onto a different repayment plan. If that loan is secured by the house, missed payments can put the property at risk. A lower required payment may also mean paying for longer, with more interest overall.
If you're selling, we include the additional mortgage balance in the proceeds estimate. Borrowing against equity now leaves less for the move. We also look carefully at the loan costs if a sale might mean paying off the new borrowing before long.
We compare the cost of keeping the debt you have with the proposed home-secured option. A nonprofit credit counselor can help you explore repayment alternatives. Legal and tax questions go to the appropriate professional.
Buying and Selling at the Same Time covers the move itself. Before that, we want to understand whether the borrowing would help you stay comfortably or make a later move harder.
You don't have to borrow against the house because the equity is there. We can look at the choices without assuming you should take on another loan.