And even if you do, do you know that there's not additional debt in the form of a second mortgage or secured line of credit over and above? (moneysense.ca)
A debt consolidation loan can take the form of a second mortgage on your home (also called a home equity loan), a line of credit or a bank loan secured by some other asset or guaranteed by a family member or friend. (hoyes.com)
The first one being the actual mortgage loan that will finance the 80 % of the property's value thus not requiring private mortgage insurance and the other one will provide funds equivalent to 20 % of the property's value in the form of a second mortgage or home equity loan. (badcreditloanservices.com)