All in One Loans, thoughts?

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Anyone have any experience with an All in One Loan?

My mortgage broker is offering it as an option for refinance, he thinks it’s a great option and says by using it I should be able to use my extra cash flow to pay off my property in about 5 years. I’m looking for some unbiased opinions.

Pluses and minuses etc.

Appreciate your input.

The HELOC is (almost certainly) tied to prime. Prime is down right now due to the Fed's actions in response to the pandemic. In turn that makes the rate lower, the payment lower, etc.

As soon as the pandemic is over, whenever that is, prime will be jacked up, as will your payments and the rate.