Is consolidating your debt a good idea
Refinancing to consolidate debt will be of no benefit if you don't stop the other debt. It takes discipline to do this, but it is worth the effort.
If you spend more than you can afford, consolidating your debt will not improve financial situation.
Debt consolidation makes sense for people who want to make one payment each month instead of several, and for those who can lower the amount of interest they pay by taking the new loan.
Consider carefully before paying off unsecured credit card debt with a loan that could put your home in jeopardy if you don't pay it off.
Refinancing is not really consolidating your debts.
Refinancing your mortgage to consolidate debt might work if you have a lot of equity in your home.
This is especially true if it has increased in value since you bought it, you can easily afford the higher payments and don't increase the term of your mortgage.