At CMG Financial, we are proud to offer our clients the All-In-One Loan. Unlike a traditional mortgage, the All-In-One is a first-position home equity line of credit. Lines of credit are unique because of their flexibility, allowing you to apply as much money as you desire toward the balance without losing access to your funds. Like a traditional line of credit, you only pay interest on the outstanding balance. The All-In-One Loan provides 30-year access to home equity dollars, has a great low rate, and no hidden fees or required balloon payment.
Additionally, the All-In-One Loan works just like an ordinary checking account. Yes, home finance and personal banking are bundled together! This revolutionary design allows you to use your everyday cash flow to offset your loan’s balance and save mortgage interest without requiring a change to your budget.
Deposits made into the All-In-One Loan pay down principal first and remain available 24/7 through the banking features. The loan comes with ATM cards for all users of the account, secured online bill-pay, unlimited check writing, direct deposit and bank-to-bank wire transferring. Your monthly interest payments are computed on each day’s ending balance, so even as you withdrawal money from your account for regular expenses, your loan’s daily balance is kept lower for longer - and that equates to less interest being charged than with a conventional mortgage.
In effect, you avoid having to pay more interest on your loan using your regular cash flow than what you could typically earn on those dollars in a regular checking account. Less of your money spent on monthly mortgage interest means more of your money left over to help you meet other financial objectives.
Please call today to learn more about the All In One Loan and take a tour using our All-In-One simulator.
-The Kavanewsky Team
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