You may not be in financial trouble now, but if in a few years things change, ...The Truth About Mortgage Refinancing Revealed By Louisiana ...SBWire (press release), WI -Aug 22, 2008Consolidating unsecured debt with a refinance loan can be a dangerous idea. For instance, your credit history is not that great. Banks generally reject mortgage applications if the credit score is below 670. With a mortgage broker, you can shop around for a lending company that offers bad credit mortgage loans.