In that case, your debt ratio could be too high so your lender may deny your loan application. You are turning home equity, an asset, into debt. You're replacing unsecured debt with debt backed by your home. If you are unable to make payments, you could lose your home. If so, great.
Every loan agreement has payment requirements.
If you do not pay as agreed, you can incur a number of costs as well as face collection action. If you are having trouble making payments, seek help. Options include working out a hardship plan directly with your creditors, seeking help from a counseling service, or seeking legal advice. The Fair Debt Collection Practices Act protects consumers. Collectors may not call you at work if your tell them not to.