Seth Daugherty has a B.S. in Instructional Technology and is currently getting his masters degree in
library and information science. For more information on Using Your Home Equity for Debt Consolidation head over to DebtConsolidationDirect.Info
So there is obviously good things about owning a home. One is that you can easily consolidate all of your debt into one easy monthly payment. There are many options for debt consolidation through the equity of your home, but most will have something to do with a 2nd mortgage that will be an additional and separate payment on top of your first mortgage on your house.