There are a lot of people losing their homes through divorces, bankruptcy (credit disaster, no more money, losing the job or somethign else), foreclosure or just something else. In our day is a crisis and recession and because of that there are just to many problems and people lose their jobs, don't have money to pay their loans and they could go through bankruptcy or even losing their homes - which is the ultimate complicated thing you don't want to mess with. The basic thing and the idea behind consolidation your debts is to get rid of them or try to get rid of them in order to not have any more problems into the future. In this case your credit record would not be affected.

   The best way in order to save your house (if you have foreclosure or bankruptcy problems) it's through refinancing or bill consolidation. There are many people having this problems and many people getting help, and the idea it's flexible depending on your situation. The first thing you have to do it you have problems and you cannot pay the money is to talk with your lender in order to make some other agreement and see what you can do about it, not to lose your house. You have to be sure you're not doing this thing not to late, be sure you could really do it and ask for the bank or the company lender to discuss - it does not matter if it already send you the letter, try to discuss, see what you can do, it's to late when you have no house, then is to late, of course.

   Also, you need to make sure you improve your credit score in order to be sure you're getting money and loans when you need it, most likely in the crisis and the current economical situation, where most of the people lose their jobs and there are a lot of big problems with the money up there. 

   There is another thing you could do, you can improve your credit score and financial situation with a low interest debt consolidation and because of that you may pay a low interest for bigger sum of money for a bigger time. If you don't have all the money to pay the interest, you could do that. Just talk and be sure you don't miss an ocazion to do things like you want. 

   There are also some other type of lenders, not just prime lenders (banks, credit unions, etc) that are willng to help you to get the money/the loan you want, but you need to make sure you have to pay them, there the interest could be insane, and you have to choose carefuly not to make any more problems. Think about yourself and if you can pay your interest rate, if you could have a regular income and if you could improve your credit score, if you're not doing this for real then you have to choose for another alternative, not to lose your house for real. 

    Also, for a debt consolidation mortgage refinance you need to take care and get rid of card debts. You don't have to have big card payments because it would be harder for you to play the game, you need to get rid of your debts and get into the control of your life.