Lets ask the Pro’s, here’s the scenario!!!!!!!!

I agree with Rich on the program to use!  I'd be afraid that this person is going to lose their house because they do not know when to stop using credit cards!  It doesn't sound like you have enough equity even if the home appraises out to payoff the credit cards completely.  If one of them has a very high monthly payment and you could pay that one off, it might help them meet their monthly demands and ease some pressure but it sounds like these people need counseling to learn how to budget and cut off the convienance of credit.  FHA refi?  Some sort of Non-conforming product that allows 95%LTV and a 580 credit score?  A HE?