Advice Regarding All in One Loan?

[Greg Hoffmann]

Has anyone ever used this type of product on an investment property? My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....

Here's a blurb from a lender's website:

"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan"

"Designed after popular programs around the world, the All In One First Lien HELOC is the nation's first transactional offset type-mortgage program.

Home financing and banking combined:

• Deposits lower your loan’s principal
• Funds remain available for expenses
• Interest is calculated on the average daily balance
• This lowers the monthly interest payments
• Tens of thousands of dollars can be saved over the life of the loan
• Mortgage freedom can be achieved in half the time or less

[Andrew Postell]

@Greg Hoffmann this thing again.....I'm wrestling with even commenting on this product.  The questions I would ask - what is the interest rate?  Is it fixed?  How does it save me money if I keep increasing the balance of the loan product.

See how they answer those questions.