Debt consolidation with home as collateral??

but i'm not working... is there any way to go about doing this??

i've tried to do a re-finance, but it's not working... because of the whole, no job thing...


there's no mortgage on my home, it's 100% paid off, and i only want to borrow 1/6th of my home's value to pay off the bills... but no one will approve me... :(

it's stupid because i have this huge asset that could easily pay off all those things and keep me from defaulting on them, but i can't use it... and i refuse to sell!!

i just want to pay my bills off and have lower payments, because the high payments are killing me!!

What kind of debt are you trying to pay off? Credit cards? Regardless of what kind, you should try not to take debts that are unsecured and secure the debt against your house. If you don't pay your cards now, they can't take your home!
Have you thought about a debt management program? i went with one to consolidate my credit cards--spoke to a certified credit counselor who helped me with a budget. Lowered my interest rates, my monthly payment and consolidated it.
They are not for profit and really know what they are talking about. I refer everyone to them--lol even my mom uses them

here is their link http://www.debtcounselingcorp.org

See before approaching the loan to others you can go for your property valuation and how much u have borrowed against the House so the banks are refusing to pay the loan.

In order to approve the loan, the bank has to have a reasonable expectation of getting their money back. If you have no income source, the bank sees you as too much of a risk.

Sounds like you need a No Doc loan or a hard money loan. Is the no job thing a temporary situation? Is there any other assests you are drawing from? You did not say what State you live in but I am sure there is a hard money lender out there for you. Be ready for a high interest rate these guys are lenders of last resort and they usally want to have you refinance out of there loan within 6 to 18 months depending on the situation. They are strictly short term lenders and expensive ones.

First thing to do is get a job.Then go to your bank and ask for help,not another loan just to pay off some other loan.They may be able to do some debt consolidation for you,just one bill to pay instead of many.Look to see just what you owe on,a large credit card bill for the local whatever store you do not need is something you do not want.Also a mortgage on you house just a add on bill you do not need. Get some help before you loose everything.

There are lenders that make these kinds of loans, but in your case, credit would be "king", meaning that you have to have near perfect credit to make it happen.

Check out http://www.atozlender.com for more info on various loan types and how you can qualify.

Dont do it. Dont put your home on the line. If you get a loan against your home and you cant make the payments they will come and take your home.

the requirement of a security is also present in secured online loan. Any worthy object, whether it is your home or your car, can be your choice as a security.

It is hard to say. You have to check it out yourself.here is some useful information for your question might be helpful.