All-In-One Mortgage


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mortgage are put toward paying the mortgage, but instant liquidity can still be achieved, because cash can be withdrawn in the form of a home equity loan.

BREAKING DOWN '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.

  1. Checking Account

    A transactional deposit account held at a financial institution ...
  2. Conventional Mortgage

    A type of mortgage in which the underlying terms and conditions ...
  3. Home-Equity Loan

    A consumer loan secured by a second mortgage, allowing home owners ...
  4. Offset Mortgage

    A type of mortgage that involves blending a traditional mortgage ...
  5. Home Equity

    The value of ownership built up in a home or property that represents ...
  6. Encumbrance

    A claim against a property by a party that is not the owner. ...
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  1. How many FHA loans can I have?

    Generally, the Federal Housing Administration (FHA) does not insure more than one mortgage per borrower. This is to prevent ... Read Full Answer >>
  2. Are FHA loans assumable?

    Loans insured by the Federal Housing Administration (FHA) on or after Dec. 15, 1989, are assumable by qualifying borrowers. ... Read Full Answer >>
  3. How accurate are online mortgage calculators?

    Online mortgage calculators are accurate to the extent that the calculator itself is asking for the right pieces of information ... Read Full Answer >>
  4. Are mortgage rates negotiable?

    Mortgages are just as negotiable as any other product or service. Whether it's a new home purchase or refinancing of an existing ... Read Full Answer >>
  5. Are FHA loans fixed?

    An FHA loan is a mortgage loan backed by the government that offers more flexible lending requirements than those of conventional ... Read Full Answer >>
  6. Does an FHA loan require a down payment?

    Federal Housing Administration (FHA) loans require down payments, which can be as low as 3.5% of the total purchase price ... Read Full Answer >>

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