The Money Merge Account: Paying Off Your Mortgage
July 30th, 2010 | 
Author: The Money Merge Account: Paying Off Your Mortgage
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 drainthe Money Merge Account Request a FREE Analysis Here. Developed by a team of financial experts with years of experience in the mortgage industry the MMA rapidly reduces the principal of your mortgage practically eliminating the interest from accruing on your loan. Your 30year mortgage can now be paid off in about 8 to 11 years with no change to your lifestyle or refinancing of your existing mortgage.
The Money Merge Account is not a biweekly payment or debt rolldown system. Its an entirely new approach that gives homeowners flexibility with their money and complete financial freedom. A sidebyside comparison of a traditional mortgage repayment shows the savings potential using the MMA system. A 30year 136000 mortgage at 5.25 when paid through conventional monthly payments will result in a 30year total repayment of 270784 nearly twice the cost of the home. The MMA program can repay the same mortgage in 11.3 years with a total repayment of 181217. An incredible savings of 89566 is realized on the same income with the same mortgage at the same interest rate and without any changes to your standard of living. MMA is simply one of the fastest ways to repay a mortgage and be on your way to financial freedom.
How does it work? 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 openend interest calculation rather than a closedend interest calculation. Combined with the MMA’s webbased 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.
How can you do this too? Follow the steps below to achieve your wildest dreams and become mortgage and debt free.
1. Fill out the MMA application You must qualify for this program we will perform a free analysis of your finances and see if we can help you become mortgage free. A full and complete application is step 1. We will contact you within 2 days with your results!
2. Activate your Money Merge Account We will help you in the necessary steps to get you setup and started.
3. Deposit Your Paycheck: Deposit your paycheck into your current checking and/or savings account. As soon as the funds clear the amount you designate is transferred from your checking and/or savings account into your Money Merge Account managed line of credit. Because the line of credit is connected to your home the money transferred from your checking and/or savings accounts decreases your mortgage balance thus reducing the balance in which interest builds.
4. Pay Your Bills Throughout the month you pay your bills using your Money Merge Account managed line of credit. With this account money is immediately available through checks debit cards and ATMs. The amount left after bills have been paid remains against the balance of your mortgage until you need it keeping your mortgage balance as low as possible further reducing mortgage interest charges.
5. Follow the system Follow the promptings of the online MMA system to maximize your savings and pay your mortgage off as quickly as possible.* *Check with your United First Financial agent to see if the Money Merge Account is right for you.
About the writer: Joe Campbell is an independent agent for United First Financial agent 875197. Joe is committed to helping people get out of debt and payoff their mortgage. Visit his website for more information at http://UFFmortgageayoff.com for more information.
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