Anyone have any experience with All-In-One Mortgages for Rentals?

Question

I'm looking for financing on our first rental and just the other day heard a podcast highlighting an All-In-One Mortgage. I've had a call with one loan officer about this and it sounds like a great opportunity.

What am I missing? Anyone with experience in this loan for rental properties?

"Pros" seem pretty straight forward. What are the "Cons?"

Here is a simulation using a $150K Purchase Price with 25% Down. This is also just using our W-2 income, no rental income was added.

Roger Flot · Answer

The "all in one"/"velocity banking" strategy has been discussed in detail here and there are some incredible threads regarding the good and bad and ugly about the strategy which always seems to end up with all sides kinda throwing their hands up and saying "to each their own". I believe in the all in one strategy if your goal is to pay down the principal as quickly as possible without making principal directed payments.

That said, I guess for a investment property - and yes, these are now available for second home and investments real estate (though I think in Texas, it is only available on owner occupied) - the main question would be why do you want to pay down your principle early on an investment property? Thats going to require a "you decision and analysis", but if you find the other threads discussing this option, the pros and the cons of this strategy are outlined in detail and you will make a better decision having taken the time to review them.

Good luck ... I believe in the product, but you should really know and be committed to your goals first.

Anyone have any experience with All-In-One Mortgages for Rentals?

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