Loan Programs

CMG Home Ownership Accelerator

"This innovative and powerful loan uses the power of your income to slash thousands off the total interest you pay and chop years off the time it takes to pay off. All without changing your spending habits or your access to the cash you earn." - CMG Financial Services.

Bank your money in your mortgage. With the Home Ownership Accelerator, you direct-deposit your entire paycheck into your mortgage, instead of your checking account. This immediately reduces your principal balance. Since interest is based on your daily balance, you start saving interest immediately compared to traditional loans!

Access your funds just like you used to. You pay all of your expenses out of your mortgage, just like you would with a traditional bank account -- using the unlimited checks, free ATM/Debit card, and free online bill-pay that comes with the account. Until you need the money, though, it's in your mortgage in the form of a lower principal balance, saving you 5-6% in mortgage interest, instead of earning 1% in a bank account. Less interest means that more of your take-home pay goes towards principal, and you pay off sooner. With no change to spending habits!

How the CMG Home Ownership Accelerator Works

CMG Home Ownership Accelerator Simulator

Pic A Payment

An adjustable rate mortgage that allows the borrower to choose from four types of payment each month.

Option #1 Minimum Payment
Gives you more money to work with each month. First year's minimum payment based on the initial start rate. The minimum payment for the year will be established annually. Payments limited to a 7.5% adjustment annually.

Option #2 No Deferred Interest & Principal
Pays all interest for the current month. Payments remain manageable with no change in you principal balance for the month. No deferred interest occurs with this choice.

Option #3 Pays your Interest & Principal
Pays off your loan within that 30-year time frame. Fully amortizing 30-year principal and interest payment. Payment based on the chosen Index plus margin, which is calculated monthly. No deferred interest occurs with this choice.

Option #4 For Quick Equity
For the fastest equity build-up (leading to a quicker payoff). Fully amortizing 15-year principal and interest payment.

These four options let you decide every month how to tailor your mortgage payments to achieve your short and long-term financial goals.

Equity Builder Savings

Understanding Your CODI ARM

CODI History