A perk of owning your own home is the ability to lower your high interest debt by making use of your home's equity to stabilize you high interest debt. debt conolidation can give you more freedom by getting rid of all those monthly payments. You may be able to recieve close to 125% of your home's value. The interest might even be tax deductible, (consult a tax specialist). Getting a home loan in order to consolidate is pretty simple.