Mortgages
If you’ve got property, you might just be able to get out of debt faster. Mortgages can be your best friend or your worst enemy, depending on what side of them you’re on. A mortgage is a loan with your home as collateral, which means it will be larger than most other loans you can get. A second mortgage can usually not just pay off your first mortgage, but give you enough cash to pay down your debts. Serial mortgaging is not recommended as a permanent solution to your debts, because if things go poorly you lose your house. Also, mortgage rates are tied to the housing market, and right now the housing market is only going to get worse.
Debt consolidation can also help you with your mortgages. Like any other debts, mortgages can be consolidated by your debt counselor. This means that even when things are dire, you might be able to keep your house.