<prompt> Human: I currently make 130k per year with bonuses. I have 40k in debt to IRS which is on a payment plan. I also have 20k in credit card debt. The debt payments have become too high for me to manage as I end up living off credit cards the last couple of days of each pay period. I have no savings but have 80k in retirement accounts. I also own a house. My grandmother helped my buy it and she gave me cash for it and I pay her each month. So there is technically no mortgage on it so could be used to get cash out. I am considering getting a 15 year cash-out mortgage to pay all the debt off and reduce to one single payment with a lower interest rate. Also, I just got a job offer and will begin making at least 145k. So my question is should I get the cash out mortgage? Or should I wait til the new job starts and start attacking the debt another way. Thanks in advance for any help.  <response>: Buddy you need to assess your budget. Where the hell does your money go every month? What did you blow 20k on credit cards on? Are you still spending like that? 