What happens when I deposit into the checking account?
Deposits are swept nightly to the first-position line of credit side of the account and applied to loan principal. This makes higher use of idle money in order to save monthly interest expenses on the mortgage, before it’s spent.
What are the terms of the first-position line of credit?
The All-In-One Loan is a 30-year home equity line of credit with an integrated sweep-checking account. The credit limit is established in underwriting and is based on borrower’s qualifying characteristics. The limit remains unchanged for the first ten years then steps-down each month by 1/240th for the remaining 20 years until it reaches $0.
How can I access my money to pay bills?
Deposited cash and home equity dollars become one and remain available for
use 24/7 over the 30-year term of the first-position line of credit. Money can be accessed through the ATM-VISA cards, by writing checks or paying bills, and transferring funds online through the All In One Loan bank portal and your mobile device.
How fast can I pay my loan off?
It is up to you! There is no payment schedule to hold you back. All In One
Loan clients typically eliminate more than 10% of their principal balance
annually and are on track to be paid off in half the time or less compared to a
traditional mortgage.
Testimonials
“Build equity so much faster with your home”
If you have that disciple to pay extra, to your mortgage every month. You are doing your future self a favor by setting this up and getting it paid down quickly.
Peter Vander Ploeg – All In One™ Customer
“We are going to save a lot of money…”
We are going to save a lot of money on interest. The most significant savings is that we will pay-off our mortgage so
much faster and that will open up our financial picture tremendously giving us the opportunity to even retire sooner than expected.
Ellen O’Neil – All In One™ Customer
“We preferred the new style better than the old style”
We are making more than we’re spending and that is just driving the debt down. We ended up with our dream home that we’ve renovated, plus a second beach home, all because of the All In One.
Dean Anderson – All In One™ Customer
Don’t let traditional mortgages hold you back. Take charge of your financial future with the All-In-One Loan and unlock the power of your income to work smarter, not harder.
No Credit Check Required.