See pro’s & con’s above – see below an example of a debt consolidation homeloan:

Loan TypeAmount OwedInterest RateRepayment
Home Loan$2200005.3%$1300 monthly
Credit Card 1$850019.99%$270 monthly
Credit Card 2$1550015%$470 monthly
Personal Loan$2200012.99%$480 monthly
Totals$266000 $2520 monthly

Consolidating the above debts into a single home loan of 5.5% would see payments of:

New Home Loan Payment: $1510.32
Saving: $1010.32 each month