The All In One Loan lowers costs and maximizes the benefits of homeownership!
©All-In-One Loan™ and the All-In-One logo are trademarks of CMG Financial. All rights reserved. © 2019 CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS# 1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and www.nmlsconsumeraccess.org.
"Today’s homebuyers tend to choose their mortgage on tradition and an unawareness of alternatives. And for many, a 30-year fixed rate is simply NOT The best choice! My mission, along with providing competitive mortgage financing, is to help educate and enlighten homebuyers and owners. What I have to share quite literally changes lives. Imagine cutting the pay back of your mortgage from 30 years down to 5 -10 years. Imagine eliminating multiple tens of thousands of dollars of interest. The most common comment I get from customers is - I wish I learned this 10/20/30 years ago!"
Choosing the right financial product can benefit your family's finances for decades to come.
Most construction loans function as a credit line for 1 year and then convert to a permanent 29-year mortgage. The All in One is different; it remains a line of credit for the life of the loan. In addition, the All in One is an offset mortgage. This means that it combines your mortgage with checking and savings accounts to reduce interest costs.
The All in One loan is an offset mortgage. Rather than allowing your funds to sit in low or no interest checking and/or savings accounts, they are applied to the balance daily. Being a line of credit, money can flow both in and out. This enables account holders to have direct deposits or manually deposit their income (reducing the balance) and also to pay expenses (increasing the balance). Borrowers that earn more income than they spend will see their balances drop, often very quickly. When used as a construction loan, you can begin paying down the balance from day one knowing that all the funds placed into the line can be withdrawn at any time for any purpose.
The amount of interest you can save with an All in One loan is dependent upon how it is used. To gain maximum interest savings, funnel all your income and pay all your expenses from the account. See, a majority of homeowners could save tens of thousands of dollars of interest considering their income and expenses. But with traditional mortgages, we can’t aggressively pay them down because they are close ended… once principal is paid, it cannot be re-accessed. But with an All in One loan, 100% of your funds remain available. This allows us to aggressively pay down the balance knowing that if we need or want funds returned, we simply write a check, use an ATM, or pay bills. On average, we find homeowners can reduce their pay off times from 30 years to under 8 years.
