Question 1

What happens when I deposit money into the linked transaction account?

Accepted Answer

Deposits can reduce the balance the lender uses to calculate interest while the money sits there. The money is not gone — it stays available for your spending, subject to the program terms and available credit.

Question 2

How do I access money for bills and everyday spending?

Accepted Answer

Depending on the program, you may be able to use debit card, bill pay, and checks, to pay for your daily household expenses. Specific access features vary by lender.

Question 3

What kind of loan structure is this?

Accepted Answer

It is a mortgage structure where the loan balance and a linked transaction account interact, so deposits and spending both move the balance interest is calculated on. Structures differ between lenders, so the exact loan type and terms depend on the program you qualify for.

Question 4

How quickly could the mortgage be paid off?

Accepted Answer

That depends almost entirely on your cash flow — how much income lands in the account and how much you spend. Our comparison calculators give you an estimate based on the assumptions you enter. They are illustrations, not guarantees.

Question 5

How much can I borrow?

Accepted Answer

Loan amounts depend on the lender, the program, the property, your income, and your credit profile. We do not publish fixed maximums here because they vary. An Edge mortgage pro will go over the options available for your situation.

Question 6

Can it be used to purchase a home?

Accepted Answer

Purchase financing is available. The purchase scenario tool on this site lets you understand how the program works in a hypothetical situation that doesn't account for a borrower's financial eligibility. For a more accurate scenario with your specific financial profile, book a call with one of our mortgage pros.

Question 7

Can it be used to refinance a home?

Accepted Answer

Refinancing an existing mortgage is possible with intelligent mortgage programs. Whether it makes sense depends on your current rate, costs, timeline, and cash flow. A refinance may not always make sense. Book a consultation with one of our mortgage pros to see if a refinance will work for you.

Question 8

Can cash-out be available?

Accepted Answer

There are intelligent mortgage loans that allow a borrower to withdraw cash out funds. Any available amount depends on the lender's guidelines, your equity, and your qualifications. Book a call with one of our mortgage pros to see if you qualify.

Question 9

Can it be used on a free-and-clear property?

Accepted Answer

Usually a property owned free and clear can be financed. This will depend on the property eligibility guidelines of the loan and the terms will depend on the program. Book a consultation with one of our mortgage pros to review your eligibility.

Question 10

How do I get started?

Accepted Answer

If you are ready to go forward, just book a call with one of our mortgage professionals by clicking the "Talk to a Pro" button below. One of our mortgage pros will reach out and review your specific situation.

Intelligent Mortgage FAQ

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