 What is the Money Merge Account™ system?
Can I do this concept on my own?
Why can’t I make extra principal payments to my primary mortgage and achieve the same results?
Does it make sense to move my savings accounts over to the Money Merge Account™?
Do I make monthly payments on my line of credit?
How can homeowners pay their mortgage off early with little to no change in lifestyle and with out increasing minimum required monthly payments?
If I am not increasing the monthly payments on my mortgage, how can this program be possible?
Why am I applying for a line of credit, and how is it associated with my savings and checking accounts?
Do I have to change banks?
Do you make payments for me?
Do you have access to or control of my money?
Do I pay interest on the equity line of credit?
Why don’t the banks offer this program?
Can I contact any of your client references to hear about their experiences with the Money Merge Account™ system?
What happens if I sell my home?
Is there any risk involved?
Can anybody qualify for the Money Merge Account™ system?
Do I have to refinance my existing mortgage loan to make this work?
Will Money Merge Account™ system work with an interest only or negative amortization payment on my primary mortgage?
Can I own multiple investment properties at one time and utilize just one Money Merge Account™ program, or do I need one for each property?
Is this program right for all people?
Does United First Financial give investment, mortgage, real estate, or financial advice?
Does the Money Merge Account™ system create money in addition to my regular income to help pay down debt?
Is the Money Merge Account™ system the only option that can effectively help to pay my mortgage off ahead of schedule?
Does the Money Merge Account™ system take into account if I am paid on a monthly, semi-monthly, weekly or bi-weekly basis?
Does the Money Merge Account™ system fix my financial problems?
If I spend more than I make, will the Money Merge Account™ system work for me?
Should I stop putting money in my investments or transfer money from an account into my Money Merge Account™ system?
Is customer support important in properly implementing this system? And if so, what kind of customer support do I receive as a client?
How can a higher interest line of credit help to pay off my lower interest first mortgage? Can you give me more information on the workings of this program?
What is the secret behind the Money Merge Account™ system?
Is this a good program if I overspend on a regular basis?
What is the Money Merge Account™ system?
Absolutely. The simple answer is that anyone can attempt to do something similar on their own. The most accurate answer is that the Money Merge Account™ system is an advanced tool, specifically designed to take into account the financial variables of individual homeowners' lives and help produce some of the greatest interest savings possible.
This complex, yet user-friendly system records and tracks all critical financial data: the individual homeowners' income and expenses; increases, decreases, and out-of-the-ordinary fluctuations in spending; and many other financial variables in their daily lives. The system helps to maximize interest savings with each and every penny and recalculates to maximum efficiency under this concept each and every day. It adapts and adjusts to real life situations instead of expecting homeowners to stick to a static plan.
Back to Top
Can I do this concept on my own?
Absolutely. The simple answer is that anyone can attempt to do something similar on their own. The most accurate answer is that the Money Merge Accountâ„¢ system is an advanced tool, specifically designed to take into account the financial variables of individual homeowners' lives and help produce some of the greatest interest savings possible.
This complex, yet user-friendly system records and tracks all critical financial data: the individual homeowners' income and expenses; increases, decreases, and out-of-the-ordinary fluctuations in spending; and many other financial variables in their daily lives. The system helps to maximize interest savings with each and every penny and recalculates to maximum efficiency under this concept each and every day. It adapts and adjusts to real life situations instead of expecting homeowners to stick to a static plan.
Back to Top
Why can’t I make extra principal payments to my primary mortgage and achieve the same results?
Simply put, the mathematics behind the Money Merge Account™ present a sophisticated process that has a substantial financial benefit over increasing your monthly payments. The algorithms in the proprietary Money Merge Account™ system are systematically programmed to create the highest interest savings possible in the least amount of time. The math engines programmed in the Money Merge Account™ system calculate the specific timing and dollar amounts required to produce the most optimum savings on each individual mortgage and overall financial situation.
Back to Top
Does it make sense to move my savings accounts over to the Money Merge Account™?
Yes, in moving your savings into your Money Merge Account™, you decrease even further the amount of time left to pay off your mortgage. Your customized online site has the ability to build a variety of financial models to help you understand the effect that the money in your savings account will have in decreasing the amount of time it will take you to pay off your mortgage.
Back to Top
Do I make monthly payments on my line of credit?
Not in the traditional sense. You will use your line of credit similarly to your primary checking account. Your paychecks will be applied to your line of credit and your monthly bills will be paid from the account. By transferring your income each pay period, the line of credit lender will credit the monthly payment requirement and lower your daily average balance, thus reducing interest charges.
Back to Top
How can homeowners pay their mortgage off early with little to no change in lifestyle and with out increasing minimum required monthly payments?
The Money Merge Account™ system and service is designed to work around the homeowners' existing lifestyle. This system helps to provide homeowners with tools, service and education on how to reduce both the interest and time owing on their existing mortgage by repositioning their unused idle money, which normally sits in their accounts along with their regular monthly expense money against their outstanding loan balance until it is otherwise needed. When money is needed for expenses, it can be accessed through their line of credit. This system helps homeowners to strategically position their money where it provides much more financial benefit than "sitting stagnant" in a standard checking or savings account.
Because the homeowners regular expense money and the money the homeowner normally leaves in their account is strategically repositioned against the balance on their line of credit until it is otherwise needed, the homeowner is in reality reducing the time and interest owing on their mortgage without requiring them to change their lifestyle. Because of how the Money Merge Account™ system works, homeowners now utilize their unused idle money and expense money to help reduce interest charges on their line of credit until it is otherwise needed, without increasing their minimum required monthly payment. Intricate financial details programmed into the Money Merge Account ™ software help to better educate homeowners and assist in some of the greatest time and interest savings possible.
If I am not increasing the monthly payments on my mortgage, how can this program be possible?
The Money Merge Account™ system makes a connection between your bank account, the advanced line of credit, and your primary mortgage. Each time you transfer income into your account, it registers as a decrease to your mortgage balance. By decreasing your mortgage balance, you now lower the balance in which interest accrues. By decreasing the balance in which interest accrues, you increase the portion of your monthly payment which is credited toward your principal pay down. The Money Merge Account™ system determines the specific timing and amounts for each transfer required to produce the quickest payoff time and highest interest savings possible. There are also multiple financial options programmed into the Money Merge Account™ software which assist homeowners in paying down their mortgage as soon as possible.
Back to Top
Why am I applying for a line of credit, and how is it associated with my savings and checking accounts?
The Money Merge Account™ Program uses the equity line of credit solely as a vehicle or a tool to drive the program. The Money Merge Account™ system is coordinated through systems created by United First Financial and works independently of the lender. The equity line of credit must have the capacity to operate similar 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 Money Merge Account™ 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.
Back to Top
Do I have to change banks?
It is not necessary to change banks. After signing up for the program, we have a customer support team that will assist you in orchestrating your banking needs with your Money Merge Account™ program.
Back to Top
Do you make payments for me?
No. We do not have any access to your accounts. You will be initiating all transactions by following the prompting of your online Money Merge Account™. You will be in complete control.
Back to Top
Do you have access to or control of my money?
No. You are the only person with access to your accounts.
Back to Top
Do I pay interest on the equity line of credit?
There is interest charged on the line of credit.But because your income is sent to your line of credit in different intervals, the bank adjusts the amount of interest they can charge you by offsetting the average loan balance. As a result, the interest charged is greatly lessened.
Back to Top
Why don’t the banks offer this program?
The Money Merge Account™ utilizes banking principles that are accepted by most banks across the nation. The Money Merge Account™ program simply provides you with the necessary tools to use your money to reduce interest, instead of the bank using your money to earn interest. This is the primary reason the banks do not offer the Money Merge Account™ program.
Back to Top
Can I contact any of your client references to hear about their experiences with the Money Merge Account™ system?
Due to privacy regulations, we are unable to provide personal contact information for references. However, you can view actual clients using the Money Merge Account™ program on our Money Merge Account™ informational DVD and you are welcome to research our company through the Better Business Bureau web site at www.bbb.org
Back to Top
What happens if I sell my home?
The Money Merge Account™ program follows your mortgage until it is paid off. The line of credit the Money Merge Account uses will have no effect on your ability to sell your home. Once you have sold your home and purchased another residence, we can put the Money Merge Account™ back into action on the new residence. Also, all the equity built in the account, as well as the equity built with market appreciation, will make a great down payment on the next purchase.
Back to Top
Is there any risk involved?
From a financial standpoint, there is very little risk. No stock market crash or extreme interest fluctuation can completely eradicate the expected outcome. If your numbers remain the same, we guarantee the results given at the outset of the program. Only homeowners that qualify to significantly reduce their mortgage payoff time and interest, however, will be activated on the Money Merge Account™ program.
Back to Top
Can anybody qualify for the Money Merge Account™ system?
It is important to go through a brief questionnaire when applying for the Money Merge Account™ program. Fortunately, there are several avenues that can be taken to gain approval or tailor the program to work for your specific situation, but the Money Merge Account™ program is not for everybody.
Back to Top
Do I have to refinance my existing mortgage loan to make this work?
No. It is not necessary to refinance your existing mortgage loan. You may choose to refinance your mortgage for additional interest savings but refinancing your existig mortgage loan is not required for the Money Merge Account™ to work. If you do not currently have a specific line of credit one will need to be opened.
Back to Top
Will Money Merge Account™ system work with an interest only or negative amortization payment on my primary mortgage?
Yes. In fact, the Money Merge Account™ helps you to take control of the outcome of these types of loans to benefit you substantially.
Back to Top
Can I own multiple investment properties at one time and utilize just one Money Merge Account™ program, or do I need one for each property?
The Money Merge Account™ is most effective when used to payoff one property at a time. As each property is paid off, your overall discretionary income can increase; creating an accelerated payoff period for each subsequent property.
Back to Top
Is this program right for all people?
No, as many different programs are right for some and not right for others. This program helps to provide tools, education, convenience and insight to homeowners who are looking for additional support and education on how to pay their home off quickly. Among other options, homeowners can choose to pay their mortgage off ahead of their standard schedule by adding additional money to each regularly scheduled monthly payment.
Back to Top
Does United First Financial give investment, mortgage, real estate, or financial advice?
No, United First Financial does not provide investment, mortgage, real estate or financial advice.
Back to Top
Does the Money Merge Account™ system create money in addition to my regular income to help pay down debt?
A. No, the Money Merge Account™ system does not create money "out of thin air." It is a proven system that uses existing banking tools, financial strategies and education to assist homeowners in saving interest and paying off debt at an accelerated rate. This system helps homeowners reduce the interest and time owing on their existing mortgage by repositioning their unused idle money, which normally sits in their accounts with their regular monthly expense money until it is otherwise needed to pay expenses. When money is needed for expenses, it can be accessed through their line of credit. This system helps to maximize interest savings with each and every penny and recalculates to maximum efficiency under this concept each and every day.
Back to Top
Is the Money Merge Account™ system the only option that can effectively help to pay my mortgage off ahead of schedule?
There are many different options for homeowners to pay their mortgages off early. Homeowners using this system have stated that the Money Merge Account™ system is one of the best ways they have seen to pay their mortgage off early while gaining a much more robust understanding of the operation of their household finances.
Back to Top
Does the Money Merge Account™ system take into account if I am paid on a monthly, semi-monthly, weekly or bi-weekly basis?
A. Yes. Individual homeowners' pay schedules such as monthly, semi-monthly, weekly, and bi-weekly are taken into account. The Money Merge Account™ system is programmed to take different pay schedules into account to operate at maximum efficiency. Whether you are paid 12, 24, 26, or 52 times a year, this system takes your specific pay schedule into account. This enables homeowners to benefit to their optimum potential under this concept while always maintaining complete and total control over their money and financial decisions.
Back to Top
Does the Money Merge Account™ system fix my financial problems?
There is no magic trick or secret type of loan that will let you own your home sooner. The Money Merge Account™ system is not a cure, it's a tool. This system will only assist qualified homeowners in paying down their mortgage debt at an accelerated pace if they properly use the Money Merge Account™ system and service the way it is intended to be used.
Back to Top
If I spend more than I make, will the Money Merge Account™ system work for me?
A. No. If you do not make more than you spend, the Money Merge Account™ system is not the right option for you.
Back to Top
Should I stop putting money in my investments or transfer money from an account into my Money Merge Account™ system?
United First Financial does not provide financial or investment advice. Please consult your licensed financial planner.
Back to Top
Is customer support important in properly implementing this system? And if so, what kind of customer support do I receive as a client?
Proper customer support is key in gaining the greatest possible savings with the Money Merge Account™ system. While the system software is very user friendly, the lifetime customer support which comes with each new program activation is equally as valuable in achieving the greatest time and interest savings possible. There are many interest-saving features built into the program and our client support personnel are highly trained in providing the homeowner with the greatest possible education and instruction under this system.
Back to Top
How can a higher interest line of credit help to pay off my lower interest first mortgage? Can you give me more information on the workings of this program?
A. When repaying a mortgage, it's not the rate you pay that's most important. What matters most is the total amount of interest you pay over the term of your loan. With the Money Merge Account ™ system you use your line of credit to reduce the balance owing on your primary mortgage, and you reposition your regular income and your unused “stagnant” money you normally leave sitting in your regular checking and/or savings account to reduce the balance owing on your line of credit. By repositioning your regular income and your unused “stagnant” money you normally leave sitting in your regular checking and/or savings account, you are able to keep your line of credit balance as low as possible, which can significantly reduce the interest that would normally be charged on the line of credit.
This means more of your regular payment goes towards your principal balance each month, helping you repay your mortgage ahead of your standard mortgage schedule. The online software system and customer service provide helpful guidance as to the specific transfer amounts and timing that is needed to provide each individual homeowner with the best interest savings possible under this system. Optimum interest savings under this system is a delicate balance between your primary mortgage, your line of credit, your income, expenses, transfers, etc. If you transfer too much to your primary mortgage, it can cost you more interest on your line of credit. If you transfer too little, it can cost you "lost" interest savings on your primary mortgage.
The Money Merge Account™ system helps homeowners to reduce both the interest and time owing on their existing mortgage by strategically positioning their money where it can provide much more financial benefit than "sitting stagnant" in a standard checking or savings account. Also, unspent "stagnant" money left against the balance of the loan that homeowners would normally leave in their checking and/or savings account is now working for them 24 hours a day without requiring them to change their lifestyle. When you need money for expenses, you can access it through your line of credit. Intricate financial features and details programmed into the Money Merge Account™ software help to better educate the homeowner and assist in the greatest time and interest savings possible under this concept.
Back to Top
What is the secret behind the Money Merge Account™ system?
There is no magic trick or secret type of loan or system that will let you own your home sooner. With the Money Merge Account™ system, substantial savings are achieved by strategically and incrementally repositioning the unused money that you usually have “sitting stagnant” in a standard checking or savings account against the principal balance owing on your home until otherwise needed, without increasing your minimum required monthly mortgage payments. When you need access to money, you can draw money out through your line of credit.
Because much of the savings of this program comes from homeowners repositioning the unused money that they normally do not spend and leave sitting in their standard checking or savings account, little to no lifestyle changes are needed. Many of the educational features in the Money Merge Account™ software help homeowners to better see the cause and effect of the money they spend and the money they don’t spend. Many of the features programmed into the Money Merge Account™ software are based on what is called Behavioral Economics. The definition of Behavioral Economics is: A field of economics that studies how the actual decision-making process influences the decisions that are reached.
Back to Top
Is this a good program if I overspend on a regular basis?
While the Money Merge Account™ software and service does have the ability to educate homeowners on many of the “cause and effect” situations prior to spending money, if you have a tendency to overspend on a regular basis, this program is not the right program for you.
|
