Although lowering your monthly mortgage payment is always attractive, don't let a slightly lower mortgage rate fool you. If you're not careful when thinking about a mortgage refinance, you could cost yourself more in expenses than what you save in monthly payments -- and not even know it.
Debt consolidation is a term used to describe the act of combining all your debts together and paying them off. These debts can be your VISA, Mastercard, Amex, Home Depot, Sears or Macy's credit card bills, vehicle payments, etc.