Q: What is the Money Merge Account™ ™ program?
Q: Can I do this concept on my own?
Q: Why can't I make extra principal payments to my primary mortgage and achieve the same results?
Q: Does it make sense to move money in my regular savings account over to my Money Merge Account™ ™ program?
Q: Do I make monthly payments on my line of credit?
Q: If I am not increasing the monthly payments on my mortgage, how can this program be possible?
Q: Why am I applying for a line of credit, and how is it associated
with my savings and checking accounts?
Q: Do I have to change banks?
Q: Do you make payments for
me?
Q: Do you have access to
or control of my money?
Q: Do I pay interest on the
equity line of credit?
Q: Why don't the banks offer
this program?
Q: Can I contact any of your
client references to hear about their experiences
with Money Merge Account™ program's?
Q: What happens if I sell
my home?
Q: Is there any risk involved?
Q: Can anybody qualify for
the Money Merge Account™ program's?
Q: Do I have to refinance
my existing mortgage loan to make this
work?
Q: Will Money Merge Account™ program's work with an
interest only or negative amortization payment
on my primary mortgage?
Q: Can I own multiple investment
properties at one time and utilize just one
Money Merge Account™ program's program, or do I need one for each property?
Q: Is this program right for all people?
Q: Does United First Financial give investment, mortgage, real estate, or financial advice?
Q: Does the Money Merge Account™ system create money in addition to my regular income to help pay down debt?
Q: Is the Money Merge Account™ system the only option that can effectively help to pay my mortgage off ahead of schedule?
Q: Does the Money Merge Account™ system take into account if I am paid on a monthly, semi-monthly, weekly or bi-weekly basis?
Q: Does the Money Merge Account™ program fix my financial problems?
Q: If I spend more than I make, will the Money Merge Account™ program work for me?
Q: Should I stop putting money in my investments or transfer money from an account into my Money Merge Account™ program?
Q: Is customer support important in properly implementing this system? And if so, what kind of customer support do I receive as a client?
Q: 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?
Q: What is the secret behind the Money Merge Account™ program?
Q: Is this a good program if I overspend on a regular basis?
Q: Should I consider keeping a reserve amount in a savings account separate from my Heloc and/or other Line of Credit?
A. The Money Merge Account™ ™ program is a powerful tool that enables homeowners to pay off a 30-year mortgage in as little as one-third of the time, without refinancing their existing mortgage or increasing minimum required monthly payments. The system incorporates the homeowners' checking and savings accounts with an advanced line of credit (ALOC), then helps to strategically and incrementally position their money where it provides much more financial benefit than "sitting stagnant" in a standard checking or savings account until it is otherwise needed. Complex financial details programmed into the Money Merge Account™ ™ Program software help to better educate the homeowners and assist in some of the greatest time and interest savings possible. This program is not intended for all homeowners, as no one program is right for everyone. We encourage you to get the facts before deciding if this program is right for you.
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A. 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™ ™ program 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.
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A. Simply put, the mathematics behind Money Merge Account™ program's present
a sophisticated process that has a substantial
financial benefit over increasing your monthly
payments. The algorithms in the proprietary
Money Merge Account™ program's 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™ program's system calculate the specific
timing and dollar amounts required to produce
the most optimum savings on each individual
mortgage and overall financial situation.
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A. Yes, in moving your savings into your Money Merge Account™ program's
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.
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A. 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.
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A. The Money Merge Account™ program's 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™ program's 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™ program's software which
assist homewoners in paying down their mortgage
as soon as possible.
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A. The Money Merge Account™ program's Program uses the equity line of credit
solely as a vehicle or a tool to drive the program.
The Money Merge Account™ program's 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™ program'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.
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A. 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's program.
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A. 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™ program's account. You
will be in complete control.
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A. No. You are the only person with access to
your accounts.
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A. 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.
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A. The Money Merge Account™ program's utilizes banking principles that
are accepted by most banks across the nation.
The Money Merge Account™ program's 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's program.
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A. 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's program on our Money Merge Account™ program's informational
DVD and you are welcome to research our company
through the Better Business Bureau web site
at www.bbb.org
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A. The Money Merge Account™ program's program follows your mortgage until
it is paid off. The line of credit the Money Merge Account™ ™ Program 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™ program's 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.
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A. 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's program.
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A. It is important to go through a brief questionnaire
when applying for the Money Merge Account™ program's 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's program
is not for everybody.
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A. 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™ program's to work. If you do
not currently have a specific line of credit
one will need to be opened.
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A. Yes. In fact, Money Merge Account™ program's helps you to take control
of the outcome of these types of loans to benefit
you substantially.
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A. The Money Merge Account™ program's
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.
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A. 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.
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A. No, United First Financial does not provide investment, mortgage, real estate or financial advice.
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A. No, the Money Merge Account™ program 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.
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A. 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.
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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.
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A. There is no magic trick or secret type of loan that will let you own your home sooner. The Money Merge Account™ program 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™ program and service the way it is intended to be used.
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A. No. If you do not make more than you spend, the Money Merge Account™ program is not the right option for you.
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A. United First Financial does not provide financial or investment advice. Please consult your licensed financial planner.
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A. Proper customer support is key in gaining the greatest possible savings with the Money Merge Account™ program. 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.
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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™ program 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. This 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.
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A. 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™ program, 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.
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A.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.
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A.It does make good financial sense to keep a savings amount in a savings and/or similar account that is separate from your Heloc and/or other Line of Credit. This enables you to have access to funds should you ever need them outside the use of your Heloc and/or other Line of Credit. The amount you choose to hold outside your line of credit is between you and your licensed financial planner and is dependant on your personal financial needs.
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