Have you heard of an All-in-one mortgage?

[Romeo Nava]

Hi everyone,

I recently learned about an all-in-one mortgage and I was curious to see if other people have heard of it. Is anyone using this product? What do you like about it? What don't you like? It sounds like a great product especially for investors so I'm curious why I haven't heard more people talk about it. Thanks!

[Devin Peterson]

Quote from @Romeo Nava:

Quote from @Erik Estrada:

Quote from @Romeo Nava:

Hi everyone,

I recently learned about an all-in-one mortgage and I was curious to see if other people have heard of it. Is anyone using this product? What do you like about it? What don't you like? It sounds like a great product especially for investors so I'm curious why I haven't heard more people talk about it. Thanks!

 Which lender is offering this?

 So far I have found this website below from CMG Home loans. I actually met with a lender who offers this product. 

https://www.allinoneloan.com/

This looks like a waste of time TBH - I just followed the link and did the simulator it’s basically a mortgage tied to an automatic ACH checking that puts additional funds towards principal to “save years” on the life of the loans. The rates are no more competitive than leading wholesale lenders. It’s a value add program for folks who are incapable of understanding if you just pay Bi-weekly mortgage payments on a regular loan you will cut 7+ years or more easily by just doing the right thing in the first place. Any servicer can accept bi-weekly payments already. I see no benefit to this product. I get the logistics of it, buts like telling someone to flip a cheeseburger on a grill using these new tongs instead of a standard grill spatula with no good reason. Unless I’m missing something?