If you have many obligations and wish to simplify your financial situation, combining mortgage loan refinance debt consolidation could be the solution. Refinancing your mortgage might help you get a better interest rate, cut your monthly payments, or even access the equity in your property. Consolidating other high-interest obligations, such as credit cards or personal loans, into your new mortgage loan allows you to make fewer monthly payments while also lowering your overall interest rates. This strategy can lead to more financial stability, but it's critical to assess the benefits and drawbacks before making a decision.