I recently put together a new resource guide on the All in One Loan. The more I learn about this program, the more I appreciate this mortgage. I think it is probably the best mortgage available for most people if they qualify for it. The All In One Loan is a hybrid “off-set mortgage” similar to what is popular in Australia.
Homeowners can pay off their mortgage balances in a fraction of the time it takes with a traditional amortized mortgage. I have a simulator/calculator on right side of this blog – please check it out!
Today, I was running a scenario for a couple who refinanced two years ago and currently have a rate under 3% and this mortgage STILL pencils out for a refi. Plus, people have access to their home equity for 30 years – even after the mortgage is paid off; making this a great option for those who have retirement on the horizon. Because of this feature, it’s often the last mortgage a person will take on their home – they will probably never have to do a cash out refi. As much as I like to help people with their mortgage needs throughout their lifetimes, I would much rather help them get in the right mortgage the first time.
You can learn more about this mortgage here or contact me with any questions!
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