Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Everything You Wanted to Know About an All-In-One Mortgage

Written by Ilyce Glink on March 20, 2015 in Newsletter  |   11 comments

If you own a home, your mortgage is one of your biggest debts. An all-in-one mortgage can help you pay down this debt more quickly, but you’ll want to be sure you’re a responsible borrower before opting for this type of loan.

Everything You Wanted to Know About an All-In-One MortgageIt’s a dilemma many homeowners face: I want to put more money toward my house so I will pay less interest in the long term, but I also want to keep cash on hand in case an emergency crops up and I need it in the short term.

The all-in-one mortgage or “accelerator mortgage” is designed to solve that problem. Popular in England and Australia, where the laws there make it a more popular option for saving money on taxes as well, the all-in-one mortgage is a fairly new and niche option in the United States.

How an all-in-one mortgage works

An all-in-one mortgage combines your checking and savings accounts, mortgage, and home equity line of credit (HELOC) in a way that allows you to take your extra income and put it toward paying off your house. The savings account is effectively your home—but with a much higher rate of return.

You use the checking account from an all-in-one mortgage exactly the same as any other—deposit your paycheck, pay your bills, buy groceries, and so on—but it’s tied to your mortgage loan. All your surplus income goes toward your home mortgage.

“That’s the selling point, that you’re going to pay off that balance more quickly—as long as you’re spending less than you’re earning,” says Greg McBride, chief financial analyst at Bankrate.com.

The benefits of an all-in-one mortgage

While you can pre-pay your home mortgage without an all-in-one mortgage, once you send that extra money to your lender, you no longer have access to it. You could take out a home equity loan, but it won’t offer the kind of flexibility and instantly liquidity that an all-in-one mortgage does.

“It’s a good tool for people who are disciplined and want to pay down their mortgage more quickly and are afraid they may have an unexpected need for money,” says Nessa Feddis, the American Bankers Association’s senior vice president and deputy chief counsel for consumer protection and payments.

Feddis adds, “The attraction of this is that some people may hesitate to pay down the mortgage out of a fear they may need the money in an emergency—maybe they’re afraid they’re going to lose their job or the car breaks down or a child is going to be going to college, and they want access to funds if they need it. And if they don’t, they pay less interest.”

Considerations when looking into an all-in-one mortgage

For the responsible, an all-in-one mortgage loan is not a bad deal.

As long as you are spending less than you earn and allowing that excess to go to your mortgage, you will save money on interest.

However, if you’re constantly overspending or borrowing from your HELOC frequently, you could actually be making your situation worse. It could take you even longer to pay down your mortgage, and you could spend more money in the long run because you’re paying more interest. Plus, there are frequently upfront points or annual fees involved.

A final word of caution: There are plenty of financial experts who question the wisdom of putting any extra money toward your mortgage at all.

“What grabs people here is the cumulative savings over the life of the loan,” McBride says. But with today’s low interest rates, McBride suggests that you may be better off putting that money to work in other ways, such as through a 401(k) plan or an IRA that creates a nest egg that’s much bigger than what the interest saves.

Ilyce Glink is the author of over a dozen books, including the bestselling 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. RL says:

    I assume from your comments relating to people who are concerned with unexpected expenses and, therefore, an all-in-one is preferable to a usual home loan) that these arrangements permit the participant to withdraw funds from the all-in-one as well as deposit. I did not see this referenced in the article

    If this is correct, please advise how this works.

    I was unfamiliar with this product and appreciate your bringing it to our attention; it could present a very good option for some borrowers.

  2. Norm says:

    How does one apply for an All In One Mortgage?
    Who are some of the lenders that does All In One Mortgages?

  3. Camila says:

    This information is great.

  4. Ken R. says:

    As a Certified Mortgage Planner I put qualified clients into this mortgage product. It is a powerful financial instrument for the right client. If someone is conservative, lives well within their means, fiscally disciplined and has a good equity position in their home, this loan is perfect. Because ALL of your net income, (even your living expenses while they are waiting to be spent), is parked in the mortgage checking account reducing your principal balance, thereby reducing the interest paid to the bank, you retain the saved interest as equity and it compounds. You can take discretionary funds in savings and move them into the mortgage checking account, further reducing your principal balance and the interest you pay. If you have rental property, collect rent on the 1st of the month and deposit it in the mortgage checking account. Pay the mortgage on the 15th and further reduce interest paid to the bank using the float. Because this is an open-ended instrument, (put money in and take it out at will), it gives you tremendous flexibility. Imagine spending 6-12 months traveling outside the country and as long as you have room on your line from deposits made, never have to make a mortgage payment and never have a late payment. The loan is driven by good cash flow. The more under-mortgaged you are the better. Even though it’s an adjustable rate mortgage, I illustrate it averaging 7.5% over the life of the loan. If your cash flow is sufficient, you will actually pay several hundred thousand less in interest than a 30 yr fixed at less than 4.00%. You will always be paying a higher rate on a smaller principal balance, thereby paying LESS interest. The power of ALL of your income being parked in the account is the secret sauce that makes this loan work. For the right client, being able to payoff their mortgage in full in 8-12 yrs, save hundreds of thousands in interest, be truly debt free in retirement….all without changing their spending habits is the biggest financial contribution I can make. It’s potentially life changing.

  5. Anonymous says:

    Can anyone please tell me the name of a company that offers the product. I have been looking online and I can’t find a lender. Thank you

    • mg says:

      When the author says “All-in-one-mortgage” she is talking about a home equity LINE of credit. So, just go to any local bank and ask to apply for one. Assuming you have equity in your home.

    • mg says:

      When the author says “All-in-one-mortgage” she is talking about a home equity LINE of credit. So, just go to any local bank and ask to apply for one. Assuming you have equity in your home.

    • mg says:

      When the author says “All-in-one-mortgage” she is talking about a home equity LINE of credit. You can shop around or visit any local bank and ask bout them.. Assuming you have equity in your home.

  6. j says:

    cmg financial offers it and reliant bank in tennessee also offers it

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.