Exactly how the house’s collateral makes it possible to consolidate obligations For those who have collateral emergency cash payday loan of your home, refinancing may help you get cash to consolidate debts and you may save yourself money on desire. Here’s what you must know on cash out refinancing and you will debt consolidating. What’s debt consolidating? After you consolidate obligations, you employ money from a special loan to repay expense off their provide such as for example handmade cards