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Best answer from question by treasys:

Best answer from question by Bumblebatz:

Answer by Steve D
No…you need to have equity in the house to borrow against. In fact, most banks won’t even start looking at a second mortgage until you are below 80% loan-to-value on the first.

Best answer from question by hans o:

Answer by saved_astronaut
U really don’t wanna rob Peter 2 pay Paul. Just try 2 settle w/ yer creditors & tell them yer situation & start paying the smallest debt 1′st & work up.

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