Leveraging the power of the All-In-One loan with CMG Financial

The all-in-one loan is a unique product with some very interesting benefits that provide a higher level of efficiency for the homeowner/borrower in paying off their loans.  Justin Macagba, Senior Loan Officer, NMLS# 414049 and Dave Herbst of CMG Financial join us today to explain how it works, what its benefits are, and who it is a good fit for.  Visit CMG here: https://www.cmgfi.com  Contact Justin here: [email protected]  --- Transcript   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Dave and Justin with CMG Financial, and they're going to be talking to us about a really unique loan product that I had never heard of, but in very intrigued by called the all in one loan, so let's get into it.   All right, Dave, and Justin with CMG financial, thank you so much for taking the time to hang out with me today. I really appreciate it.   Dave: Thanks for having me.   Justin: No problem. Thank you.   Dave: Yeah. Thank you. Appreciate it.     Michael: My pleasure. And so you both are here to talk to us today about something called the all in one mortgage. Is that right?   Dave: Yeah, it's officially trademarked name is called the all-in-one loan. It's a unique mortgage product that we offer nationwide.   Michael: Is this a new product hasn't been around for a while?   Dave: Great question. No, it's not not a new product at all. We we launched this to the market in June of 2005. So over 16 years old now. It is however, sort of a newer concept to you know, most Americans. So it's still you know, day to day kind of feels new, as we talk about it, but it's certainly not a new product for us. And it's often.   Michael: Okay. And so that's twice you've mentioned that it's been launched in the US, was this product modeled after a product in a different country?   Dave: Yeah, absolutely. This type of financing in the way it's engineered, is very similar to mortgage products that are mainstream in other countries, other parts of the world. You know, throughout Western Europe, the UK, specifically, these types of mortgages are called offset loans or offset mortgages. They're also a version of this is also available in Canada, New Zealand, Australia, India, you know, most of the world's largest banks offer some version of this product, but we've been so you know, kind of slow to adopt or embrace innovation in the mortgage industry.   If you think about it, you know, the standard mortgage, 30 year fixed mortgage, or 15 year fixed mortgage, these are products that were developed during the Great Depression era. And they're still the gold standard today. You know, despite all the change and innovation and all the changes in needs, for the for the average American household, we have yet to really kind of push forth innovation in the mortgage industry. This represents certainly, you know, positive change directionally.   Michael: Interesting. And so I had never heard of this product at all until Justin and I were chatting about it in the Roofstock Academy. So Dave, we would love if you could share with everybody, what is it and kind of how does it work? What are the mechanics of it?   Dave: Sure, yeah. Well, the all in one loan, you know, given its brand name, it's a it's two things that are bundled together to two accounts, two financial instruments that are combined together to provide a higher level of efficiency for the homeowner for the borrower. And I mean, that they are able to save mone