Debt can become unmanageable when spread across multiple high-interest loans, like credit cards or personal loans. Consolidating your debt into your mortgage allows you to roll all those payments into one, often at a lower interest rate. This not only simplifies your finances but can also save you thousands of dollars in interest payments over time. In 2024, with mortgage rates beginning to soften after a period of high rates, consolidating your debt through your mortgage is an even smarter move for many Canadians.