It Beats a CD

摘要

It isn't enough to have a great idea. You also have to make it real. Here we come back to one of our favorite why-nots, the all-in-one mortgage, and tell the tale of its evolution and recent arrival in the U.S. The all-in-one mortgage is a simple idea: a mortgage with a line of credit built in. Your mortgage becomes your checking and savings account. Any checks you write increase your mortgage balance. All of your savings reduce the balance. If you have a $200,000 mortgage and $10,000 in a checking account, you really have a net debt of $190,000 and should pay the mortgage rate on that amount. In effect, you get paid the mortgage interest rate on your savings.