Most homeowners realize they will pay about twice the purchase price of their home on a traditional mortgage - a mortgage that will take about 30 years to pay off.
Introducing a way to break that cycle of financial drain—the Money Merge Account ™ system. Developed by a team of financial experts with years of experience in the mortgage industry, the Money Merge Account system rapidly reduces the principal of your mortgage, practically eliminating the interest from accruing on your loan. Your mortgage can now be paid off in as little as 1/2 to 1/3 the time, with little to no change to your lifestyle or refinancing of your existing mortgage.
The Money Merge Account system is not a bi-weekly payment or debt roll-down system. It’s an entirely new approach that gives homeowners flexibility with their money and complete financial freedom.
A side-by-side comparison of a traditional mortgage repayment shows the savings potential using the Money Merge Account system. A 30-year, $136,000 mortgage at 5.25%, when paid through conventional monthly payments, will result in a 30-year total repayment of $270,784 – nearly twice the cost of the home. The Money Merge Account system can repay the same mortgage in 11.3 years with a total repayment of $181,217. An incredible savings of $89,566 is realized on the same income, with the same mortgage, at the same interest rate, and with little to no change to your standard of living. The Money Merge Account system is simply one of the fastest ways to repay a mortgage and be on your way to financial freedom.The Money Merge Account consists of three major components:
1. Your Existing Primary mortgage
The existing mortgage on your home is the foundation for the Money Merge Account.
2. An Advanced Line of Credit (ALOC)
The MMA Program uses an advanced equity line of credit as a vehicle or a tool to drive the program. The equity line of credit must have the capacity to operate similarly to a primary checking account and be set up with an open-end interest calculation (rather than a closed-end interest calculation). Combined with the MMA's web-based system, this creates a formula in which the money in your line of credit account generates an interest cancellation on your primary mortgage.
3. MMA software
The online MMA system makes a connection between your bank account, the advanced line of credit, and your primary mortgage. Each time you deposit income into your account, it registers as a decrease to your mortgage balance. By decreasing your mortgage balance, you now lower the balance on which interest accrues. By decreasing the balance on which interest accrues, you increase the portion of your monthly payment which is credited toward your principal pay down. The algorithms in the proprietary MMA system are systematically programmed to create the highest interest savings possible in the least amount of time.
Provided by an Independent Agent of UFirst Agent #891438
United First Financial, its independent agents and subsidiaries provide Web-based software and support services. United First Financial does not provide accounting, tax, legal, real estate, mortgage, or investment advice. Interested parties should seek and consult with persons or entities licensed and qualified in those areas for advice relating to those matters. United First Financial is not liable or responsible for claims or representations made by any party and which are not included in the Money Merge Account™ Limited Guarantee.
