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  • CMG Financial's Proprietary All In One Loan Live in Texas, Now Available Nationwide

CMG Financial's Proprietary All In One Loan Live in Texas, Now Available Nationwide

  • May 22, 2019

CMG Financial, a privately-held mortgage banking firm headquartered in San Ramon, CA, announced today its proprietary All In One Loan product is now available in Texas for non-homestead properties. With the addition of Texas, the All In One Loan is currently offered in all fifty states through CMG Financial's retail loan officers, select wholesale mortgage brokers, and correspondent lending partners. Additionally, CMG Financial recently added a 10% down payment option in most states.

Since 2005, the All In One Loan has changed the way homeowners manage their mortgage debt, while creating an opportunity to alleviate the financial burden of mortgage interest. Similar to offset-mortgages available in other countries, the All In One Loan combines home financing with personal banking into one accessible account. Without changing their budgeting, borrowers are able to securely use deposits to lower loan principal faster and dramatically reduce the amount of interest paid, while maintaining access to equity. The result is faster mortgage pay-off, increased liquidity and security. CMG Financial originators and partners use the All In One Loan to give clients more financial mobility and in some cases create a vehicle to fund other investments.

"Bringing the All In One Loan to Texas will allow us to better serve the market and our partners throughout the state," Dave Herbst, Vice President, AIO Finance, said in a statement. "It creates an enormous opportunity for mortgage originators to help reduce the size of one of the biggest financial obstacles their clients face, while simultaneously maximizing the investment they've made, or are considering making, in real estate."

With its unique design the All In One Loan can fund ongoing financial needs like tuition costs for children, retirement, and unexpected emergencies. The All In One Loan minimizes the borrower's interest expense and increases savings opportunities.  With the reduction in down payment requirements, even more home buyers can benefit from this product. The best candidates for the All In One Loan have a positive cash flow and good credit. To qualify for the 10% down payment, the borrower must have a minimum FICO credit score of 760. Borrowers with a 700 minimum FICO credit score can qualify with a higher down payment. The All In One Loan can be used for the purchase or refinance of a primary and second home and to finance investment properties.

 

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© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (http://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1820).