ALL IN ONE LOAN FIRST LIEN HELOC INTERVIEW WITH ANDRE WALTER OF CMG HOME LOANS

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  • Опубликовано: 29 окт 2024

Комментарии • 23

  • @houseoftimbers
    @houseoftimbers 7 месяцев назад +5

    We have an AIO with CMG. Just wanted to say it's been such a great opportunity. Not only have we paid our mortgage down faster, but we have access to the equity for emergencies or investing.

  • @troyhansen5143
    @troyhansen5143 Год назад +2

    If the AIO is used for an investment Property then is the checking account that is attached to the All in one loan a business checking account rather than a personal checking account? Also, are there any fees (e.g., annual or monthly fees, ach transaction fees, check fees, etc. associated with the account)? Does this loan report on credit reports like a HELOC or like a mortgage? If it reports like a HELOC I would imagine that my credit will take a big hit if my balance exceeds more than 30% of the limit. Thanks

    • @theapprovedguy
      @theapprovedguy  Год назад

      Hi @troyhansen5143 These are all great questions that Mr. Walter can answer for you. I urge you to reach out to him directly. I provided his contact info in the description of the video.

  • @mattvanmetre
    @mattvanmetre 8 месяцев назад +1

    I've read that you can only deduct the interest paid on a HELOC, including a HELOC on an investment property, so long as the funds were used to build, improve or repair the real estate backing the loan in some way. Does the interest deduction on this 1st position HELOC (All In One) follow that same rule? Or is all interest on that loan product tax deductible?

    • @theapprovedguy
      @theapprovedguy  8 месяцев назад

      That’s a great question for Andre, my guest with CMG Loans. Please send me an email and I’ll make a warm email introduction. Email me at seb@theapprovedguy.com

  • @scottscott45
    @scottscott45 Год назад +2

    Can you have multiple first liens ? Like a primary and investment home ?

    • @theapprovedguy
      @theapprovedguy  Год назад +1

      Yes, as long as it make sense to the lender and you can afford it.

  • @RJ-gi2hf
    @RJ-gi2hf 2 месяца назад +1

    Does CMG do cash out refis?

    • @theapprovedguy
      @theapprovedguy  2 месяца назад

      Please email seb@theapprovedguy.com and I’ll make an intro to a lender that does.

  • @Ginger_McElfresh_Art
    @Ginger_McElfresh_Art 5 месяцев назад +1

    Is the All in one available in Texas?

    • @theapprovedguy
      @theapprovedguy  5 месяцев назад

      Yes it is. Please feel free to schedule a call with either myself or Andre. There’s a link in the description.

  • @johnna-l7t
    @johnna-l7t 6 месяцев назад +1

    Is a AIO loan amortized or simple interest?

    • @theapprovedguy
      @theapprovedguy  6 месяцев назад +1

      It is not on an amortized schedule.

  • @KS-sz6ew
    @KS-sz6ew 8 месяцев назад +1

    Everyone loved it until the interest rates went up 12x in the last year 2923-2024. Now the interest is 8.7

    • @theapprovedguy
      @theapprovedguy  7 месяцев назад

      I’d rather have cash flow and liquidity than a low interest rate and my money is trapped in the walls of my house. Everyone is different, this account lets you leverage your money and when used properly, your interest rate will end up being a lot less because your income sitting in the checking account will reduce the balance on the daily sweep.

    • @KS-sz6ew
      @KS-sz6ew 7 месяцев назад +2

      @@theapprovedguy yes but the interest payment has gone from 1100 to 2500 interest only in one year of the interest rates going up 12x. And that's not including property taxes or mortgage insurance.

  • @faizulhaque4752
    @faizulhaque4752 10 месяцев назад +2

    Can I give this Heloc account to my employer to deposit my pay directly to this account?

    • @theapprovedguy
      @theapprovedguy  10 месяцев назад +3

      Yes you can. They provide a checking account that is connected to the HELOC. You provide them that checking account.

  • @justal8559
    @justal8559 8 месяцев назад +1

    Can this type of HELOC be used for Commercial Property?

  • @hiramortiz4103
    @hiramortiz4103 5 месяцев назад

    I reached out to Mr Walter via text on April 29 and no answer yet. May 16

    • @theapprovedguy
      @theapprovedguy  5 месяцев назад

      Please schedule a call with me for a discussion. There is a reason why. I can refer you to someone else if it’s urgent. calendly.com/sebastienboyer/theapprovedguy