Mortgage Debt Consolidation was established in the year 2004 to give people better options to getting out of their debt. Though they are primarily located in Northern Chicago they are having a satellite location in Phoenix too. www.mortgagedebtconsolidations.com ultimate goal is to provide wherewithal to the people who are in debt. Even though there are many other ways to get out of debt, using home mortgage proves to be a best way that most of the Americans be able to handle. The trick is to avoid going further into debt once cleared all debts. The home mortgage debt consolidation loan or otherwise called mortgage refinance is another kind home loan that helps the borrower to pay off their old debt. This can be a conventional home loan or the home equity loan. In home mortgage debt consolidation loan the borrower is getting the maximum value of money against the property to consolidate and wipe out the previous debt they are having. The home mortgage debt consolidation loan, you are getting a loan against your property hence your property say home is shown up as a collateral security against the loan. In this current situation two things are very important to get a home mortgage refinance to clear off the debts. The first one is Equity of the home and the credit scores of the individual. To get a loan easily your equity should be more than twenty percent and your credit scores must be above 750. Though your credit score is less than 750 still loans can with additional terms and conditions. An elaborate research should be made about your need, repayment plan and right choosing the mortgage firm before entering with an agreement. Since everyone is not well versed in commercial calculation The Mortgage Debt consolidations comes for your rescue. Just log on to www.mortgagedebtconsolidations.com for more details and assistance.