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

https://eprnews.com/ CMG Financial's Proprietary All In One Loan Live in Texas, Now Available Nationwide Press Release (ePRNews.com) - AUSTIN, Texas - May 21, 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

https://eprnews.com/ 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.

About CMG Financial CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels including Retail Lending, Wholesale Lending, and Correspondent Lending.

CMG Financial currently operates in all states, including District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.

Media Contact: Madelynn Graham Phone: 443.455.1137 Email: madelynng@cmgfi.com Source : CMG Financial DISCLAIMER : If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not responsible for the accuracy of the news posted and do not endorse, support any product/services/business mentioned and hereby disclaims any content contained in this press release.