There are different types of consolidation e-mortgage; you can have unsecured or secured. However if you take out a secured one then you will have to put your home up as collateral. This however allows you to borrow more money than an unsecured e-mortgage and the rate of interest should be lower than the unsecured. If you take an unsecured consolidation e-mortgage then this is seen as riskier to the broker and therefore has a higher rate of interest. It also offers a lower amount of money, and over a shorter period of time. The restrictions are tougher also for this type of e-mortgage, meaning that you can't just do whatever you like with the money.