- Structure
- First-lien line of credit with banking
- Rate
- Variable
- Interest
- Calculated on the daily balance
- Access
- Funds available up to your credit limit
What it is
The All-in-One Loan combines a home loan with a checking account. Your income is deposited against the loan balance, which lowers the interest charged each day, and the money stays available to spend through the same account.
How it works with a broker
With a standard mortgage, extra money you pay in is locked away. Here every dollar sitting in the account reduces the balance that interest is charged on, and you can draw it back out when you need it.
This loan rewards steady positive cash flow and discipline, and the rate can rise. I run your actual income and spending through a comparison against a fixed-rate mortgage so you can see whether it helps.
Common questions
Is this the same as a HELOC?
It works like one, but it is your primary mortgage in first position and it includes checking-account features such as direct deposit, a debit card and bill pay.
Who is it not right for?
If your spending regularly matches or exceeds your income, the balance will not fall and a fixed-rate loan is likely the better choice.
Figures shown are typical guidelines and can vary by lender, credit profile and property. They are not an offer or commitment to lend.
Find out what you qualify for.
Answer a few questions and I will come back with real options, usually the same day. It takes about two minutes and does not affect your credit.