If I refinance my home to consolidate bills and default on the payments, can I lose my home?

If I refinance my home to consolidate bills and default on the payments, can I lose my home?

Yes. Since you are moving all your debt into your new refinanced home loan, your mortgage balance amount will be larger and you should be 100 percent positive that you can afford the payments. You are basically borrowing more so you can pay off loans. In the event of default on a mortgage, you could certainly face foreclosure.  You should be sure to read the information available at refinance my mortgage and if you are struggling, review the helpful tips at foreclosure.

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