No other mortgage product does more to lower costs and maximize the benefits of homeownership.
The All In One Loan™ (AIO) was designed for today’s homeowner and home buyer; providing the financing needed while accelerating the pay-off of the loan balance and interest savings at the same time. Whether you plan to pay off the home to a zero balance, or want to increase your equity growth to be used for a future move, the AIO is the financial genius tool to help you accomplish your goals quicker.
What is an All-In-One™ (AIO) Loan?
For most of us, our mortgage is our largest expense; costing us decades in interest payments that slow progress with other important financial goals. But it doesn’t have to be that way.
The AIO was designed for today’s homeowner and home buyer; providing the financing needed for your home while also accelerating pay-off of the loan balance and massive interest savings.
Despite low interest rates, mortgages cost substantial amounts of interest, not to mention, these costs delay progress with building home equity. The AIO is a solution to both obstacles because it combines the two into one fluid financial instrument.
As the nation’s only 30-year draw home equity line of credit (HELOC) with an integrated sweep checking account, the AIO puts your income to work to lower daily mortgage principal and monthly interest costs.
Simply put: Your mortgage and bank account are combined into one account.
How It Works
1. Deposit your paychecks & liquid savings into the AIO bank account
All deposits are applied directly to the loan principal which automatically lowers each day’s interest cost and the monthly interest payment amount.
Pay your bills and expenses as normal
Your money is kept securely available 24/7 for regular spending needs. ATM cards, checks, online and mobile banking all come standard with each loan.
Payoff your mortgage years sooner & save tens of thousands of dollars
Your cash works hard for you saving interest and paying the balance off years in advance of a traditional mortgage while allowing you to live more securely.
It’s not magic, it’s just math !
Frequently Asked Questions
o What happens when I make a deposit into the checking account?
Deposits are swept nightly to the HELOC-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.
o 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 HELOC. Money can be accessed through
the ATM-VISA cards, by writing checks or paying bills and transferring funds
online through the AIO bank portal and your mobile device.
o What are the terms of the HELOC?
The AIO 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 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.
o How fast can I pay my loan off?
It is up to you! There is no payment schedule to hold you back. AIO 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.
o Can I purchase a home with it?
The AIO can be used to purchase or refinance a primary, secondary or vacation home, as well as investment properties.
o Can I take cash out at closing?
Cash can be disbursed at closing to help fund near-term financial goals up to 80% of the value of the home to $1 Million, 75% to $1.5 Million and 70% to $2 Million. For investment properties, there is a maximum amount limit so be sure to check with your Loan Officer for details.
o Can an AIO be applied to a free-and-clear property?
Generally, no. However, if cash is needed to fund a near-term financial objective, then yes, up to the cash-out limitations.
o Which banks service the AIO account?
The AIO lender has partnered with specific banks for many years that provide the AIO loan account features and service the account. Together, the companies manage your needs to help ensure program success.
Get started today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
