00:00Okay, this particular real estate product is not talked about enough, but with how good it is,
00:04it should be illegal. It's a mortgage that combines a bank account and a home equity line
00:07of credit into one product. It's called the all-in-one loan, and this is how it works.
00:12Think of it like a bank account where you make all of your deposits and your withdrawals. When
00:16the money goes into the account, it reduces your principal balance. That extra few days of reduced
00:20principal following payday saves you interest expenses because deposits automatically go
00:25towards paying the principal first. So your principal and your interest is going down,
00:29meaning you're paying less interest. And then the money left over,
00:32use it as you would your regular bank account.
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