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There's a lot of backstory that married 13 years, I have three children, seven, four, and one.

My wife and I, we've been through a lot with medical ordeals. It's led to, I took on finances and ended up kind of drowning a bit.

I did not disclose to her that we were in financial trouble and thought I could work my way

out of it. I'm in sales. My net monthly income is roughly $7,500. We are currently in about $100,000

of debt, consumer debt that consists of two personal loans, two auto loans and a student loan.

I've been hemorrhaging somewhere between five to seven thousand

dollars a month because I've not been able to have an honest conversation with my wife to

disclose what's going on so we haven't changed our spending patterns on Friday of last week.

God broke me and I surrendered it to him. I disclosed everything to her and finally was open and

honest. She was incredibly gracious. But now as we are trying to restore, rebuild and rejuvenate our

relationship, which has been an incredible couple of days.

We do find ourselves in a crisis.

We met with a Christian financial advisor last night who recommended a home equity line of credit

to swap the $100,000 in consumer debt to the home equity line of credit.

We owe $3.30 on our house. It's worth about 530. So to keep that 80%, that would get us to roughly the $100,000 to pay off the consumer.

And then we are flipping our spending upside down. We believe in the baby step approach.

We're going to be pursuing that aggressively,

but we wanted to know our options is the only option to do this HELOC, potentially sell our house

where the market is better in the summer spring, and have that paid off and be debt-free

and rent-to-home. Do we need to put the house for sale immediately and have that paid off and be debt-free and rent-to-home, do we need to put the house for sale immediately and take that route?

Or are there other strategies that you all would implement and recommend, given the context of what I just outlined?

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