Because it's a secured loan, you can get a better interest rate than you generally can on a personal loan or other unsecured loan.
And because it's a type of mortgage, you may be able to deduct the interest payments on your federal tax return.
To qualify, you'll have to have fairly decent credit - mid-600s or above, perhaps 700 for some lenders - and a fair amount of equity in your home.
Lenders will likely want you to still have at least 10-20 percent equity after taking out the loan.
As you may know, many credit card lenders freely offer these to their customers with good credit, in the form of blank checks the borrower is invited to use as they wish.
What's attractive about these cash advances is that they often offer 0 percent interest for a limited time, often 9 to 18 months, so they can be useful if you're able to pay off the whole debt that quickly.
There may be other wrinkles involved - for example, some of your creditors may be willing to write off part of your debt in return for an immediate payoff - but the key thing is that you're simplifying your finances by exchanging many smaller debt obligations for a single bill to be paid every month.
Another option would be to obtain a cash advance through one of your credit cards.Generally, anything where you've incurred a debt that needs to be paid off over time - credit card bills, auto loans, medical bills, student loans, etc.