There's good debt and bad debt. Generally consumer debt-credit cards, store cards, lines of credit and sometimes auto loans-are considered bad debt. You pay high interest rates-up to 35%--on depreciating assets and it takes forever to chip away at the principle. Mortgages, however, generally qualify as good debt. Interest rates are low-very low these days-and a property is an appreciating asset, making it a good investment. If you have equity in your home, you can turn bad debt into good debt. By refinancing and rolling high-interest debt into your mortgage you can improve cash flow, focus on one payment and enjoy huge interest savings. If you'd like to discuss your refinancing options, talk to a professional.