Mortgage debt consolidation is a financial strategy that allows homeowners to consolidate their high-interest debts, such as credit card balances, personal loans, and other outstanding bills, into one single mortgage payment. By doing so, homeowners can simplify their finances, reduce their overall monthly costs, and save money on interest over time. Mortgage debt consolidation typically involves refinancing a home with a new mortgage with a lower interest rate than the combined rates of the existing debts, allowing homeowners to pay off their debts faster and more efficiently. By using debt consolidation responsibly, a homeowner can leverage the equity in their home to achieve their financial goals while maintaining their homeownership.