Kenny I feel your pain. Before you scramble to find money in every seat cushion, equity loan, 401k loan etc. listen to papi, I have been there. I bought a house before selling the old one. I went through all of my savings, then took out a 401k loan to keep up payments on two houses,every month I fell farther behind and took out a 2nd mortgage. I fell farther behind and things kept getting worse. Finally I talked to a lawyer. I ended up in BK court with a distribution from my 401 that's gone forever,(16k, and I had to pay taxes and penalty on it) Six years later I was discharged from chapter 13. If I would have talked to the lawyer first, I would have been much better off. Please talk to a lawyer before you start taking loans out. He may be able to show you another way to hold on to what you have and climb out of the hole. I now have no credit cards and haven't for almost eight years, I send my son to a private high school, have two decent cars and a tiny savings account. If I would have spoken to him first, I would not have had a 2nd mtg, I would not have taken a loan against my retirement, I still would have been BK but it was hard having a brick on my paycheck for $834.16 every two weeks , for six years. It should have been about $425.00 had I seen him before trying to fix everything myself.
Think smart, sometimes you need the help of a professional who knows how to help.
Good Luck and God Bless.
Tony