The Smarter Loan For Your Home

The Smarter Loan For Your Home
TM
CMG Financial, NMLS 1820
Affinity Brochure
Introduction
It’s no secret that the price you buy your home for and the
amount you end up paying are two very different figures. After
factoring in your loan’s total interest costs, you will likely spend
close to double your home’s original purchase price, which can
impede other financial objectives.
Mortgages, however, are a “necessary evil” to many. Despite
the cost of interest, they help provide an opportunity to own for
those who cannot afford to pay with cash.
If you think about it, a mortgage is just a mere mathematical
equation. So, why can’t a lender simply change the equation
and create a more flexible and cost effective way to borrow?
Well, that is exactly what CMG Financial has done.
Introducing the All In One™ Home Loan
After factoring in your loan’s total interest costs, you will likely
spend close to double your home’s original purchase price, which
can impede other financial objectives.
Hypothetical example of a 30-year mortgage
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Borrowed
Amount
Loan
Term
Interest
Rate
Interest
Paid
Total
Price
$ 300,000
30
Years
4.0 %
$ 215,610
$ 515,610
Arguably, the United States is trailing behind other countries
with the way we finance our homes. More efficient products
have been developed and made available throughout Western
Europe, Canada and Australia for decades.
The All In One™ was designed on the same principles as
those products. Introduced in 2005, it can help you save
hundreds of thousands of dollars in interest payments,
accelerate the growth of accessible equity, and pay off your
home sooner. It is indeed, The Smarter Loan for Your Home.
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The Smarter Loan
The All In One™ provides many benefits that reach beyond
what a traditional mortgage can offer. But to begin your
understanding, first consider how you manage the money you
use to pay for your housing and other budgeted needs.
If you are like most Americans, you rely on a traditional checking
account to temporarily store your income. From there, you
withdraw and distribute those dollars to pay for your monthly
expenses and debts – but not all at once.
In reality, a large sum of your earnings simply sit idle in your
account, waiting to be spent. We refer to this money as your
“lazy money,” due to the fact that while those dollars are not in
use, they earn you low interest, or possibly none at all.
In comparison, you pay high interest on your mortgage.
Wouldn’t it just make better sense to combine your “lazy
money” with your mortgage debt in order to put those dollars
to work?
Put Your “Lazy Money” To Work
That’s exactly what the All In One™ does by bundling the two
together. Yes, borrowing and banking are combined so your
deposits lower your mortgage balance, which lowers your
monthly interest costs. It’s that simple.
The All In One™ can be used for home purchases and
refinances and comes with 24/7 secure banking access
including ATM cards, check writing and Online bill-pay.
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Other ways to save with the All In One™
*Flow rental property income through the All In One™
*Flow small business income through the All In One™ ™
*Flow tax withholdings and refunds through the All In One
*Use outside rewards-cards to leverage your cash longer
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Consult a tax advisor for direction when considering leveraging small
business income through the All In One™.
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Saving Made Easy
Comparison
Borrower assumptions:
borrowed
*$300,000
4% interest rate
*$96,000 annual income after taxes and withholdings
*15% monthly left-over after expenses and bills
*
Interest
Paid
Total Cost
Loan Term
Interest
per $1k
Mortgage
$ 215,610
$ 515,610
30 Years
$ 781
All In One™
$ 92,344
$ 392,344
14.2 Years
$ 307
$ 123,266
15.8 Years
$ 474
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All In One Savings
Other Considerations
Take the next step towards saving thousands of dollars in
interest payments, building equity faster and paying your home
off sooner by calling an All In One™ Professional today or visit
www.aiosim.com to run your own numbers.
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Every household scenario is different. Interest rates used are an example
and for comparison purposes only. See loan terms for more information.
Source: All In One™ interactive simulator: www.aiosim.com
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*How many years do you have left on your mortgage?
*Can you afford retirement while owing a mortgage?
*Would you like access to your equity without refinancing?
*Are you maximizing the value of your cash flow?
much have you deposited into your checking
*How
account in the last decade? Is it more than you owe
on your home?
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Loan Terms
Lien Position
First Position
Lien Type
30 Year Draw Home Equity Line of Credit (HELOC)
HELOC Limit
Level for 10 years then reduces 1/240th monthly
Interest Rate Term - KPCU3
3 Year Fixed then monthly adjustable for 27 years
--
--
Fixed Margin Options
3.000%, 3.250% or 3.500%
Index
One Month LIBOR4
Floor Rate
3.500%
Lifetime Cap
6% over start rate or floor rate, which ever is greater
Loan Purpose
Purchase and Refinance transactions
Loan Amount Maximum
$ 2,000,000
Access Features
ATM Cards, Check Writing, Online Bill Pay, ACH
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Eligibility limitations may apply. Call for details
London Inter-Bank Offered Rate
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Eligibility
KeyPoint Credit Union began in 1979 as AEA Credit
Union by serving people with their banking needs in the
technology industry, specifically companies who were
members of the organization formerly called the American
Electronics Association. The AEA is a nationwide, non-profit
trade association that has represented all segments of the
technology industry for more than 60 years.
Membership Criteria:
The All In One™ Home Loan is available through
CMG Financial, partner of Ameriprise Financial and developers
of the loan product, and KeyPoint Credit Union as the service
provider and investor. Your loan will be sold and serviced by
KeyPoint Credit Union.
Interested applicants are eligible, providing they become a new
member or are currently a member of KeyPoint Credit Union.
The membership application will be presented to you as part
of the loan document signing process. CMG Financial has
agreed to pay for your $35.00 membership fee.
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You live, work, attend school or worship in one of the following
California counties:
Santa Clara County
Alameda County
El Dorado County
Placer County
San Mateo County
Sacramento County
Santa Barbara County
Contra Costa County
Ventura County
*
*
*
*
*
*
*
*
*
Call CMG Financial for more information
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CMG Financial
NMLS 1820
CMG Financial is an established privately
held mortgage banking firm, headquartered in San
Ramon, California, and Preferred Lending Provider for
Ameriprise Financial.
As a Direct Seller-Servicer to Fannie Mae and Freddie
Mac as well as an approved Ginnie Mae Issuer, CMG Financial
is widely known for responsible lending practices, product
innovation, consumer advocacy and operational agility.
The President and CEO, Christopher M. George, currently
serves as (2012 - 2014) President of the California Mortgage
Bankers Association (CMBA) and is also on the Board of
Directors for the Mortgage Bankers Association (MBA).
“This was the least complicated
mortgage process I’ve ever
experienced. Thank you CMG.”
- Brett, Seattle WA
Company Philosophy
At CMG Financial, we understand that no two households are
the same and the needs of each household are as unique as a
fingerprint. Delivering the right loans, for the right reasons, in a
way that exceeds all expectations is our business.
CMG Financial | 3160 Crow Canyon Road
San Ramon, CA 94583 | 925-983-3000
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FAQ’s
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Questions
Answers
Is CMG Financial a reputable company?
Yes, CMG Financial is a well known and established firm.
Who takes my loan application?
A CMG Financial Mortgage Consultant will work with you.
If my budget is tight, is this the right loan for me?
The All In One™ is suitable for cash flow positive households.
Does this loan require Mortgage Insurance?
No. The maximum you can borrow is 80% loan-to-value.
Can I access home equity without refinancing?
With the All In One™, yes. With a conventional mortgage, no.
What happens if I pay my home off early?
You can close your account or keep it open for use.
Is the mortgage interest deductible?
Yes it is, but you should always consult your tax advisor first.
Won’t I lower my deductible amount if I pay less interest?
Yes. Paying financing fees is not in your best interest.
What access features does the All In One™ provide?
The loan comes with POS Cards, check writing and online bill-pay.
Isn’t access to home equity a bit dangerous?
For irresponsible borrowers, yes. This loan isn’t for everyone.
Should I close my old checking accounts?
No. You may need to use those other accounts in the future.
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E x p e r i e n c e
E x t r a o r d i n a r y
1-888-CMG-HOME | www.cmgfi.com/am
Ask to speak to an Ameriprise Financial dedicated Mortgage Consultant or
have your Advisor refer you directly.
© 2013 CMG Financial, All Rights Reserved. ©“All-In-One Home Loan™” and the All-In-One logo are trademarks
of CMG Financial. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS #1820 in most, but
not all states. CMG Mortgage, Inc. is an equal opportunity lender. Offer of credit is subject to credit approval. For
information about our company, please visit us at www.cmgfi.com. To verify our state licensing, please visit www.
nmlsconsumeraccess.org. This presentation is not intended to serve as a business solicitation for residents in the
following states: Louisiana, Massachusetts, New York, Rhode Island, Vermont, and West Virginia.
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