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

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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

enormous opportunity for mortgage originators to help reduce the size of one of the biggest financialobstacles their clients face, while simultaneously maximizing the investment they’ve made, or areconsidering 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 interestexpense and increases savings opportunities. With the reduction in down payment requirements, evenmore home buyers can benefit from this product. The best candidates for the All in One Loan have apositive cash flow and good credit. To qualify for the 10% down payment, the borrower must have aminimum FICO credit score of 760. Borrowers with a 700 minimum FICO credit score can qualify witha higher down payment. The All in One Loan can be used for the purchase or refinance of a primaryand second home and to finance investment properties.

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

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

Media Contact:Madelynn GrahamPhone: 443.455.1137

Email: madelynng@cmgfi.com Source : CMG Financial

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