All-In-One Mortgage

Filed Under » ,
Dictionary Says

Definition of 'All-In-One Mortgage'

A mortgage loan that combines the features of a checking account, a home equity loan and a mortgage in order allow depositors to reduce the amount of interest paid on their mortgages. Any deposits made into the savings account portion of the all-in-one mortgage are put toward paying the mortgage, but instant liquidity can still be achieved, because cash can be withdrawn in the form of a home equity loan.
Investopedia Says

Investopedia explains 'All-In-One Mortgage'

The all-in-one mortgage attempts to to mimic the structure of an offset mortgage. While this type of mortgage can help homeowners reduce interest expenses, only individuals who can stick to a budget should use an all-in-one mortgage. For those who lack the discipline to stick to a budget, this arrangement can escalate debt if they draw too much equity out of their homes.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Offset Mortgage

    A type of ...
  2. Conventional Mortgage

    A type of ...
  3. Checking Account

    A transactional ...
  4. Home-Equity Loan

    A consumer loan ...
  5. Home Equity

    The value of ...
  6. Delinquent

    The failure to ...
  7. Interest Rate Ceiling

    The maximum ...
  8. Fixed Interest Rate

    An interest rate ...
  9. Hybrid ARM

    A hybrid ...
  10. Mortgage

    A debt ...

Articles Of Interest

  1. Reduce Interest With An All-In-One Mortgage

    "Offset" mortgages combine a checking account, home-equity loan and mortgage into one account.
  2. Mortgages: How Much Can You Afford?

    Answering this means number-crunching as well as factoring in other considerations and expenses.
  3. Find The Best Mortgage Rates

    Search and compare the best fixed and adjustable mortgage rates in your area with Bankrate.com.
  4. Mortgage Basics

    Learn how to navigate what may be your biggest and most important loan.
  5. Common Liabilities That Hurt Your Net Worth

    Every penny that you keep out of the liability side of the net worth equation essentially ends up on the asset side.
  6. Profit From Mortgage Debt With MBS

    Mortgage-backed securities can offer monthly income, a fixed interest rate and even government backing.
  7. How Lender Overlays Prevent Mortgages

    Loan applications are increasingly being rejected because of lender overlays.
  8. Protect Your Personal Assets

    A family limited partnership (FLP) can go a long way toward securing your family's property.
  9. What You Should Know About Home Appraisals

    Home appraisals are an unbiased way to determine a home's value. Here is what you need to know about obtaining one.
  10. A Tax Primer For Homeowners

    Go beyond interest and find out how mortgage points affect your taxable income.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center