Author Topic: All in one mortgage  (Read 673 times)


  • 5 O'Clock Shadow
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All in one mortgage
« on: September 05, 2019, 08:35:10 PM »
Our loan officer brought up the option for an "all in one mortgage." From what I understand, the mortgage account is kind of like a HELOC except that it acts as a savings/checking/credit card account. Does anyone have experience with this?

My understanding is:
If you put your savings in the account. That money is counted toward the principle of your mortgage, which would reduce the interest accumulated each day. In our case, we would have access to the full amount of the loan until year 10, which is when the available loan amount decreases on a monthly basis. The benefit is that you have access to your money in case a need arises along the way while prepaying the mortgage instead of the principal being locked in equity.  The loan could be closed at any time when the savings value matches the amount of principle on the loan.  From what I understand, the interest rate would be higher on this loan and variable.

Elle 8

  • Stubble
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Re: All in one mortgage
« Reply #1 on: September 09, 2019, 12:45:19 PM »
I feel like I've seen some posts from Australian forum members that talk about accounts like this. But I've never heard of them in the US.  What country are you in?


  • Stubble
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  • Location: Beautiful Colorado
Re: All in one mortgage
« Reply #2 on: September 10, 2019, 02:07:38 PM »
Not endorsing it, but here is a website that gives some info on it, with a simulator if interested (though I think you have to give them your email address.)