http://www.aboutdebtsolutions.com/debt-consolidation/debt-consolidation-mortgage-loans.html Debt consolidation mortgage loans are a great idea if you are simply confused by your existing debts, not if you are deluged. If you are trying to save money, maybe debt consolidation mortgage loans aren't the best idea. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 In the world of debt consolidation there are two buzzwords everyone seems to chase after - longer and lower: We all want a longer repayment plan to lessen the monthly financial burden and get us out of debt at a pace we can manage while living our lives. We want lower interest rates than what we are currently paying. We also want clarity in our debts and something we can honestly always rely on - and here to save all our debt-ridden souls are debt consolidation mortgage loans. Winning the game with debt consolidation mortgage loans Homeowners have an upper hand over seemingly everything, especially those owners lucky enough to have been around and held on through the great housing market of the past ten years. Equity is everywhere, meaning we can borrow against equity for whatever our needs - and indeed debt consolidation mortgage loans are an increasingly popular choice. But the choice to apply for a debt consolidation mortgage loans needs to be made for the right reasons, and unfortunately increased affordability of your debts is not one of them. Yes, you will have the benefit of a lower overall APR, as well as a longer term with which to repay your now single debt. But there is nothing stopping you from assuming more debt in the meantime, only increasing the pressure up your pocketbook and proving a very real threat to foreclosure. However, if you are considering debt consolidation loans as a means to get things organized and to help you run a tight financial ship, if the cost of your existing debts isn't the primary focus of your need to consolidate, then yes, a debt consolidation mortgage is a great opportunity. Sat, 26 Jul 2008 15:00:00 EDT