A debt consolidation mortgage is a mortgage that allows you to repay your debts to several or all of your creditors at once. You are then left with only one outstanding debt obligation — your mortgage. In addition to streamlining your debts into a single payment, a debt consolidation mortgage may also offer you an interest rate that is lower than that charged by your creditors saving you money in interest charges. This option can be especially attractive if you have outstanding debts at a relatively high rate of interest (for example, those charged on some retail store cards or credit cards). I can arrange for a mortgage equal to the amount of your total outstanding debts that are currently due if you have the equity in your home to support it. In most cases, it will settle all the debts for you and, in return, the only monthly payment you will have to make will be to your mortgage. In order to qualify for a consolidation mortgage, a consumer usually needs to have an acceptable credit rating and sufficient income to demonstrate that they will be able to manage the mortgage and you will need to have sufficient equity in your home to draw on.