All Forum Posts by: Harrison George

Hi @Nathan Frost that is amazing you are doing the ALL IN ONE! I have this product on my house as well (I would presume you are doing this with someone here at CMG) 

There are so many creative ways we have seen people use this product. Depending on your goals it can be partnered with some really unique cashflow investments in-between other larger investments (such as investment property purchases). Some easy line of thinking with this loan is to make sure your money stays in it as long as possible until you pay off your required bills.

I have mine personally pay my other mortgages as late as I possibly can. I want my income to stay in the loan for the longest period of time. 

Same concept when it comes to paying credit cards off. I like to hold onto paying it off until a few days prior to the due date so that my money sits in the account for the longest period of time. 

Hey guys! I have several short term rentals, but i am looking into the AirBnB scene! I wanted to know if anyone had any time to educate me about it, explain what some tips and suggestions and educate someone who is a novice in that scene! Thank you!

 hi Steven! We have an IO loan for investment at 70%. Rates are not in the 5's but the way this loan operates peoples effective rate that qualify are significantly better than even rates 8 months ago! its called the ALL IN ONE and it is works like nothing else out there. 

 Sorry about that! @Adam Styles and @Kerry Baird.

I think it depends on a few factors - 1: what is your current value. We will give a LOC upto 80% of the value of your home. (if you subtract what you owe, you will have the available line)

What the AIO really likes to see is what % of net income is left over at the end of every month. I also think a phone call would be a great way to dial in some of these items if you had any other questions. I am not sure if i am allowed to provide my contact information here. But I would presume you could message me your contact info if you have any questions.

Fico Requirements on primary and 2nd homes are 700

investments are 720

AIO does not allow LLC's but we do accept it in a trust.

As for closing there is no difference felt from the borrowing person(s) than a conventional loan. 

I think I have seen a few items show up on here. One person mentioned the ALL IN ONE, which is a first position HELOC that allows for your cashflow to offset your mortgage balance, reducing mortgage payment over time. All while giving you access to the available equity in your home. We offer the program, so if you or anyone have any questions about the product please let me know! Thank you,

 Thank you Joe! I appreciate the tag! 

Hi @Sammie Xiao! I see this post is a little older. Our company actually offers this product! Let me know what other questions you have so perhaps other people can see it!

The AIO is not a portfolio loan, but there are many scenarios that allow for people to use their highest valued/equity position property to pay off the lower balanced mortgages, and then increase cashflow to reduce TOTAL interest paid. there are so many reasons people use the AIO but I like to split it into two categories:

1) Debt Elimination - We are just wanting to eliminate total debt/expense associated with debt.

2) Debt acquisition - This one helps you use the AIO to acquire more income generating opportunities that help one build their portfolio.

let me know what other questions you may have.

thank you, 

 Hey guys! We offer this product at CMG Home Loans, feel free to ask any questions here so I can answer them for you so everyone can see.

 100% agree with this! I think good deeds go a long way around this time of the year. But also in future business dealings you may end up coming across this individual in the future in a professional setting. I think the generosity will go further than a few bucks in your pocket. 

What kind of properties are you looking for? 

I am here in Idaho, and we are seeing the real estate market slow down to approx. pre-covid times, maybe a little slower. But I am curious what everyone is seeing in the real estate world/other sectors? Anything I can learn from people around the states just helps me be better! Thank you,