what is a money merge account? And does it really work in cutting down your mortage?

Question

I saw these advertised as MMA"s , just wanted to know if it really works? And any pitfalls?

Answer 1

The software costs $3,500 to purchase - it looks like it could be viabl - here is a blog that discusses the pro's and con's to your question.

Answer 2

Yes, the Money Merge Account works. In fact, it works a tad better than is projected. I suggest you do some reading and go through the posts online, such as the ones mentioned above.

This is the most effective Program available in reducing your mortgage on your current income, but it doesn't work for everyone. You still have to qualify for a HELOC (Home Equity Line of Credit) and there are a few other variables that may prevent you from qualifying. Another challenge, is that it doesn't work the same way in the State of Texas, due to the history of gambling farms away...(it's some interesting history, let me tell you)...so it has to be done in a specific way (contact Mike Stemmer in Texas if you need an MMA there: 1-800-768-1229 ...he specializes in Texas MMAs).

This is not a Program if you have bad credit (under a 620 score) or have been struggling to save your home, due to late payments. It also won't help you if your house in in foreclosure. It functions off your credit, so the repair to your credit would have to be done first, in most cases (there are exceptions).

One of the most positive aspects of the Program is the support and the actual freedom you have financially--knowing that you have access to your money for a rainy day at a moments notice. This helps if you lost your job, were in between jobs, had unexpected medical bills, etc. It's peace of mind.

However, the best part (in my own opinion), is that there is no up front out-of-pocket expense. You can take the fee for the MMA ($3500) out of the HELOC, and allow the Program to pay it off in record time. That was the final decision maker for me personally.

Don't rush yourself. Make a list of questions, get with a UFF Agent, or you can come talk to us anytime. We have a network to help people get the answers they need to make an educated decision that's best for the client, not the Agent.

Here are some good resources which provide information:
http://www.thejubileeproject.org
http://www.squidoo.com/unitedfirstfinancial/
http://www.squidoo.com/moneymergeaccounts/
http://www.mortgagemediamag.com/mp3/060810.mp3
http://thejubileeproject.libsyn.com/

The Money Merge Account is by far the greatest tool we have for getting out of debt and creating wealth with minimal risk...which can be done on our CURRENT INCOME (was a key for me).

I know it works, because I use it myself.
Best decision I ever made.

Hope that helps.

-Jaime Buckley
Co-Founder of The Jubilee Project
www.thejubileeproject.org

Answer 3

The United First Financial Money Merge Account: a powerful tool to help you pay off a 30-year mortgage in as little as 8 to 10 years or less. It is a web-based software that helps you manage an Advance Line of Credit to pay optimally off your 30 year mortgage in as little as eight to ten years or less without increasing minimum monthly mortgage payments and without lifestyle changes.

The MMA works virtually like your standard checking or savings account, except that it has the ability to offset large portions of interest on your mortgage each time you deposit income into your account.

With the MMA, your money doesn’t just sit in your checking or savings account waiting for you to pay expenses. Instead, it is actually being put to work every minute it is in your account to significantly reduce interest on your mortgage.

The MMA is a 100% secure, 128-bit encrypted, web-based system that allows you to monitor your account and interest savings 24 hours a day, seven days a week. Once your MMA is activated, you have access to your money though checks, debits cards, and ATM. As you continue to deposit your income and pay expenses just like always, you will now save time and interest on your mortgage.

This information is provided by United First Financial Independent Agent UFF#52348