4.7
The All In One Mortgage isn't your standard closed-ended mortgage. Instead, it works much like an offset mortgage. Payments are made in the form of a deposit. Those funds are first applied toward your loan principal yet they are still available for withdrawal.
How does accessing cash work? Think of it as a home equity line of credit in the first lien position (also known as a first lien HELOC). Lines of credit are unique because they are flexible, two-way instruments allowing you to put as much money as you desire toward the loan balance without losing access to your funds. That money is still there when you need it. So, you're getting the features of a home loan, checking account, and home equity loan all in one, plus more flexibility than you'd have with a traditional HELOC.
Is All in One the right fit for your financial situation? Try our All in One loan simulator to find out.
The simulator will calculate total payments and interest savings for both your current loan and the All In One Loan. You can see a cost summary and estimated loan payoff in as little as two minutes.
Once your results are ready, one of our salary-based mortgage consultants can guide you through pros and cons, helping you decide which loan option is best for your future.
*AFC does not offer AIO loans in RI, MA, MI, SC, VA, IN, MS, NY, VT, NJ.