I have $50,000 in student loans, another $53,000 in credit card debt. I want to consoildate the two for one low payment. Is 2nd mortgage a good idea?

Your student loans are most likely at a lower rate and longer time than a home equity loan would be.

If you have the equity, I would say yes to the credit card debt.

And you want to put your home at risk why?

I would look more at a budget to work on the credit card debts and not put a house at risk unless it was a have to