There are three components to The Money Merge Account. All three are necessary to make the program work. To really understand the concept I would highly recommend that you go to my webinar on Saturday, or at least watch a couple of the presentations at the bottom of this page.
The three components are as follows:
1. Your 1st Mortgage:
Your 1st mortgage is obviously what we are trying to pay off. It is not bad though remember it was necessary to get you into your home. It is also hopefully at a very low interest rate. Borrowing hundreds of thousands of real money at rates below 6% is a pretty good deal. I love our country. It is important for you to realize what a good deal we as Americas can get on mortgage rates. We are truly blessed.
There are some features of your 1st mortgage that make your low interest rate pay the banks large amounts of money. It is a closed end loan. It is driven by an amortization schedule. It allows for payments but no withdrawals. It requires at minimum a full scheduled payment. It calculates interest charges from end of the month balances.
2. An Advanced Line of Credit:
You may have never heard of an Advanced Line of credit before. It is a term used by United First Financial. It is an account that is the tool to make the program work. An advanced line of credit can be either a Home Equity line of Credit, a Business Line of credit, or a Personal Line of Credit. This account works a lot like a credit card. It has interest charges, but that interest can be canceled out if it is paid by the end of the month. In the Money merge Account concept, you will be using this account as your savings account, your checking account, your second mortgage, and the account that will aggressively pay your mortgage off. It is the same concept that banks use. In essence you are becoming the bank and instead of borrowing it from them, you are borrowing it from yourself. The key is to know how much to borrow an when.
The advanced line of credit also has some key features that need to be in place to work properly. so an advanced line of credit is a home equity line of credit, a business line of credit, or a personal line of credit with the following features; payments will be applied to the loan balance when received. It needs to have the ability to adjust principle balance several times per month. It views daily balances to assess interest charges.
You will be depositing all your income into this account to limit the interest charges, what we call interest cancellation. You will also be using this account to pay all your bills. The same way you would use a credit card or your bank's debit card.
3. The Money Merge account Software:
This is the most important part. It is the heart of the concept. Without the software you would be traveling without a map or a plan. It would be like doing a complex math problem, without even a bean counter. I continue to do research on the Internet on this concept, and it seems this is the part that most consumers get hung up on. Partly because of the $3,500 price tag. So let me explain what the software does and what you get for your money. I truly believe that without the software the program will not work.
This program has been in Australia for years. A company brought the concept from Australia to the US, and it is not working well for most. Americans do not have the same discipline that other countries have. We always want the latest and greatest. It is hard to say no when the opportunity to buy new shiny things arise. The United First Financial concept and software, have eliminated this problem by having the consumer not refinance their first mortgage into a higher rate adjustable, and by having the true cost analysis feature on their software. The true cost analysis tells you what things will cost over time. If you buy toys instead of adding principle to your mortgage and canceling interest charges, there is a true cost. The software makes you aware of this cost.
The program also optimizes the amount of money borrowed from the advanced line of credit and is applied to your first mortgage. If you pay too much you will be eaten up by interest charges. If you pay too little you will not pay your home off fast enough.
The cost is $3,500, which comes out of your advanced line of credit, so you will pay it over time, and not all at once. There will be some interest charges for it, but the program will save you more in interest than what it cost you, many times within the 1st year.
In an example of a $200,000 at 6% interest rate, the first year the family paid over $12,000 more towards their principle, than by just making there regular scheduled payment and they saved over $160,000 over the life of their loan. This was in the 1st year! So is the cost worth it? I think so. I also know if you ask every question you have and have an analysis done, you will find this program to be beneficial to your financial portfolio.
So what exactly is the software?
It is web based. It does not move money or pay bills. It acts as an account register. It wants to know how much money is coming in and going out. It tracks your monthly budget, and often times takes less than 10 min. a month to use.
This software will save you tens of thousands of dollars in interest over the life of your loan.
Please get your free analysis. You will be glad you did.
Monday, December 31, 2007
Friday, December 28, 2007
Money Merge Account ™ Q and A
I have been on a lot of blog sites and chat rooms talking about the topic of the Money Merge Account. There are tons of questions. I believe that all questions should be answered before jumping into a system that is going to change the way you pay your bills. You should make sure it is worth it.
I make my living as a mortgage broker, and have prided myself on always being up to date on the best way to finance your home based on your risk tolerance, and your over all financial goals. I work with a lot of financial planners and am a member of the financial planning association as well, and none of them after examining the program can say anything bad about it, other than "If you don't use it, it won't work."
Please everyone with a question, please ask it, and I or someone in cyber land will give you the answer. I hope you find this blog and this web site the ultimate encyclopedia of knowledge on the Money Merge Account.
I make my living as a mortgage broker, and have prided myself on always being up to date on the best way to finance your home based on your risk tolerance, and your over all financial goals. I work with a lot of financial planners and am a member of the financial planning association as well, and none of them after examining the program can say anything bad about it, other than "If you don't use it, it won't work."
Please everyone with a question, please ask it, and I or someone in cyber land will give you the answer. I hope you find this blog and this web site the ultimate encyclopedia of knowledge on the Money Merge Account.
Money Merge Account ™: The U1st Financial Story
A Successful Start
The history of the Money Merge Account begins nearly a decade ago, when Skyler Witman and John Washenko launched Accelerated Equity, a mortgage company dedicated to building a reputation based on competitive rates and the best terms in the market. As young entrepreneurs, the partners worked around the clock in the company’s early years to give customers a high level of service and low rates.
By Accelerated Equity’s third year in business, it had become one of Utah’s fastest growing mortgage companies, attracting large numbers of both new business and returning customers. But in the face of all of this growth, Skyler and John began to notice the overwhelming mountain of debt their customers were accumulating. As loan officers, they could offer clients little help to pull themselves out of the mire of financial debt.
And so began years of research that would eventually launch a powerful new tool, revolutionary in its impact on the American mortgage system.
A Powerful Business Idea.
After two years of researching the industry, Skyler and John initially offered their customers debt reduction programs such as a bi-weekly payment plan to help minimize their debt, but soon realized their customers’ needed something more to meet their financial needs. In the summer of 2002, they discovered a method used in several countries to pay down mortgages in record time which required no day-to-day financial impact, while paying off debt and saving hundreds of thousands of dollars in interest.
Further research on these financial elements motivated Skyler and John to develop a top-notch IT division and contract with a mathematical engineer from GE Aeronautics to begin creating the mathematical algorithms (math engines) and system programming that would become the very heart of the Money Merge Account.
Several more years and millions of dollars were invested in research and development before a 1 year market test release rolled out in Denver, Colorado. To the pride and astonishment of the founders, homeowners from the initial 400 client test market who signed up for the Money Merge Account were achieving results even better than predicted. Homeowners with a traditional 30-year mortgage were on track to become mortgage free after only 8 to 11 years, all while paying off other debt in the process with a rate of 20% better savings and payoff time than was initially predicted.
Delivering Financial Freedom to American Homeowners
To facilitate the growing marketing needs of the Money Merge Account, Skyler and John brought on colleagues Jonathan Bonnette, Matt Lovelady, Don Jorgensen and Steve Smith, and created United First Financial. These colleagues brought with them many years of expertise in the mortgage and financial arena.
The program has become so successful that the team is busy rolling out educational seminars across the country and helping thousands of American homeowners get on the fast track to financial freedom without a mortgage. The demand for the Money Merge Account is exploding, and the company continues to bring on board the smartest, most talented financial agents in the country to help homeowners reach their dreams.
The history of the Money Merge Account begins nearly a decade ago, when Skyler Witman and John Washenko launched Accelerated Equity, a mortgage company dedicated to building a reputation based on competitive rates and the best terms in the market. As young entrepreneurs, the partners worked around the clock in the company’s early years to give customers a high level of service and low rates.
By Accelerated Equity’s third year in business, it had become one of Utah’s fastest growing mortgage companies, attracting large numbers of both new business and returning customers. But in the face of all of this growth, Skyler and John began to notice the overwhelming mountain of debt their customers were accumulating. As loan officers, they could offer clients little help to pull themselves out of the mire of financial debt.
And so began years of research that would eventually launch a powerful new tool, revolutionary in its impact on the American mortgage system.
A Powerful Business Idea.
After two years of researching the industry, Skyler and John initially offered their customers debt reduction programs such as a bi-weekly payment plan to help minimize their debt, but soon realized their customers’ needed something more to meet their financial needs. In the summer of 2002, they discovered a method used in several countries to pay down mortgages in record time which required no day-to-day financial impact, while paying off debt and saving hundreds of thousands of dollars in interest.
Further research on these financial elements motivated Skyler and John to develop a top-notch IT division and contract with a mathematical engineer from GE Aeronautics to begin creating the mathematical algorithms (math engines) and system programming that would become the very heart of the Money Merge Account.
Several more years and millions of dollars were invested in research and development before a 1 year market test release rolled out in Denver, Colorado. To the pride and astonishment of the founders, homeowners from the initial 400 client test market who signed up for the Money Merge Account were achieving results even better than predicted. Homeowners with a traditional 30-year mortgage were on track to become mortgage free after only 8 to 11 years, all while paying off other debt in the process with a rate of 20% better savings and payoff time than was initially predicted.
Delivering Financial Freedom to American Homeowners
To facilitate the growing marketing needs of the Money Merge Account, Skyler and John brought on colleagues Jonathan Bonnette, Matt Lovelady, Don Jorgensen and Steve Smith, and created United First Financial. These colleagues brought with them many years of expertise in the mortgage and financial arena.
The program has become so successful that the team is busy rolling out educational seminars across the country and helping thousands of American homeowners get on the fast track to financial freedom without a mortgage. The demand for the Money Merge Account is exploding, and the company continues to bring on board the smartest, most talented financial agents in the country to help homeowners reach their dreams.
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