Money Merge Accounts - The Truth

The Powerful Money Merge Account

Hey Everyone,

 Please take a look at this site and give me some feedback:

http://www.u1stfinancial.com/

Has anyone heard of this?  Is anyone currently doing it?

 Thanks,
Ted

12 Comments on The Powerful Money Merge Account

I have experience with the mortgage acceleration concept on which u1stfinancial bases their product on.It's really a different look/way of paying your mortgage down by the use of reverse interest compounding.It's the way over 40% of homeowners in Australia and New Zealand pay their mortgage on their homes.Anyway, if you have any questions, feel free to call me at 1-800-862-0784 ext 21.Or you can email me.Best wishes,Ed BisqueraMortgage Planning ConsultantMortgage Express

Found this on Localism.....

 http://localism.com/agents/bemortgagefree

Yes, I use the software for my own mortgage, and Love it.  I also became an agent with UFF.  Those who take an honest look at all the facts and figures from a reputable source will find that this system truly creates a significant advantage for homeowners.  See my link.

u1stfinancial.net/marsha 

The math behind the strategy is incredibly sound.  The MMA program is definitely the way to go IF YOU HAVE TROUBLE WITH BUDGETING!!!!!  However, if you have a relatively decent head for money matters, or are good at organizing, you should be able to do this on your own, with no expensive software to buy.  (yeah, I know, there is no out of pocket cost, but the $3500 dollars has to come from somewhere, and you still pay it in some form or another.)

What this program does is track your expeditures and income, then based on that information, forms a dynamic budget that re-evalutes itself constantly.  When the program sees that you can afford it (again based on your income, and its calculations), the software tells you when and what amount to send to your primary mortgage.  It uses a Home Equity Line of Credit for flexibility and security, so incase something flubs up, you will not overdraw your account, you just access a little more from the credit line.

Now if you handle money poorly, this program might be able to help.  It tells you what and when to pay, and who to send it to (not sure how or if it tracks individual monthly bills and expenditures other than the mortgage).  Kinda hard to screw that up, other than going hog wild with accessing the HELOC, which is a real danger.

In my personal opinion, this program is not worth it.  $3500 for the software + closing fees for opening the HELOC (around $3000 or so, depending on the maximum amount for the line opened) is too much to pay.  Yes, the costs will pay for themselves eventually, and you will still save a BOATLOAD of interest, but you can do it for FREE, and use the $6500 of expenses to pay down the mortgage on your own.  Here is a link that will give you some info to start you out.  http://www.integramortgages.com/FinancialVOODOO 

Even though I am not a fan of the software for the MMA, I do not agree that it is a bad program.  This program WILL help, and for some people the tool that they need.  I just think that people can do it without the cost.

Chris Fletcher has some good points, but to say $3500 is not worth it is a matter of perspective.

United First Financial is a company that is focused on the education of the American Home Owner.  There is a lack of understanding that is missed by homeowners around the United States.  What this means is that as we continue to educate homeowners and they become more aware of their finances as a whole and how their day to day spending habits affect their debt and how quickly they can pay off that debt.  The company does have a product to help facilitate the process for the home owner if they choose to move forward with our program.  United First Financial trains it's Agents to acknowledge that people can save money if they take the education and implement some form of the program. The program is the accountability most need as Chris mentioned.

As an agent myself, I believe in the system.  As a mortgage professional I make far more on a typical refinance than I do as an Independent Agent of United First Financial on an MMA Program enrollment.  However for honest people and ethical business men and women, the right thing for the client or homeowner always takes precedent.  No longer do I expect to see the same client over and over again because they ran up other consumer debt until they could no longer afford to live and have few options except using their home equity to pay down that consumer (or consumption) debt.  I believe that in many cases the cycle of refinancing for consumption purposes will cease.

On the $3500 fee.  It is a lot of money.  For many of United First Financial clients, they re-coupe this cost in a matter of a few months depending on their individual numbers.  Clients of United First Financial are so impressed with what the program has done for them that many refer their friends and family to their Independent Agent, without expecting or receiving compensation. Find a single forum on the web where an actual client of United First Financial using the MMA Program mentions a hint of regret.

As mentioned above (the consumer consumption scenario), a typical refinance can run a consumer 1.5-3% of the new loan amount in closing costs.  Real Estate is expensive and so are the professional services associated with it.  What the MMA Program does however is give average people a fighting chance of eliminating not only their mortgage and all their other debt but also gives them a realistic and achievable plan on how to do it, without micro-managing a spread sheet that if inaccurate could end up costing them time and additional interest charges.

What Chris is missing in the closing cost comment is that most major lenders (which we commonly refer clients to) have no cost, no fee Home Equity Lines of Credit (HELOC).  For this reason, when my clients come to me for a Home Equity Line of Credit in my mortgage business, I refer them to one of these major banks because they can get it done cheaper there than I can do it.  In fact, United First Financial receives zero compensation from the opening of a HELOC.  It is simply the right thing to do.  If a major lender does charge any fees, they are typically minimal (usually well under $500.00)

United First Financial and it's core beliefs are moral, ethical, and geared to the liberation of American Families from the burdens of debt.  If anyone reading this is interested in help with the elimination of debt, you are a homeowner like myself, and you need help with a plan on how to do it, click here and watch the MMA Video.  If you want furthur information, email me from the website.  www.goodbyemortgagedebt.com 

I already have a spreadsheet that does this:
Monthly Household Income - Total Montly Expenses = Total Montly Discretionary Income

So other than adding HELOC for safety net, what else does the Money Merge Account do?

What else is the $3+k going towards?

Is it just software? What else does the software do?

thanks in advance

I know it can seem too good to be true, but the Money Merge Account (MMA) does work, and has saved thousands of dollars in interest for homeowners all over the United States.  It is based on math, and since most of us would find it too complex to compute on our own, United First Financial has developed the MMA software.  The software provides a financial dashboard that homeowners use to pay off their mortgage in as little as 1/3 to 1/2 the time while potentially saving thousands and improving their financial future!  I have personally witnessed people go from possible forclosure to a position of financial strength with just following the software.  This is powerful and possible!  For more information, I invite you to review several websites, and contact me for more information:
www.squidoo.com/u1st
www.squidoo.com/vanishmymortgage
www.squidoo.com/home-equity-line
www.u1stfinancial.net/vanishmymortgage
http://www.vanishmymortgage.com/

I look forward to speaking with you, and doing a FREE analysis using YOUR numbers.  Let me show you what the MMA can do for you and your future.

Warm regards,
Amy Birkner
Independant Agent with United First Financial
amy@vanishmymortgage
801-703-5733

Hi Amy,
  
  Would you be so kind as to help me, I want to be an agent like you
and make good money, I am married and out of work and down on my luck,
and I have some health problems that prevent me form standing too long on
my feet, I am so very depressed and coul really use a fellow human
being to help me in this dark time in my life, I am seriously interested,
please help me, I have a website already and a some leads and bulk mail
programs, thank you Amy.
  
  Kind Regards,
  Max Hinmon
  maxjayhinmon@yahoo.com

This is a very interesting topic. A couple of weeks ago a woman at our church told us she had just found out about this program that can help you pay off your mortgage early 8-10 years. We have owned more than four houses and have spent a fortune over the last 30 years on mortgage interest. The lady from church is someone we have known for 10 years and because I know her character and inegrity, I trust her, although I thought she might be getting into something that could be a scam. We were interested and wanted to check it out. I had two big concerns,

1. It seemed too good to be true!

2.  I read what Chris Fletcher (The mortgage expert) said about doing this yourself and saving the $3500. fee and coming out just as well off. I thought he is an expert and seems to be an honest person. So I took him up on the free information he was offering. Let me tell you what I have found after doing quite a bit of research.

 IT SEEMED TO GOOD TO BE TRUE - It sounded too good to be true, but if you think about it, ever knew breaktrough seems to good to be true until you know that it really works. (Example: the microwave oven, the refrigerator, the automobile and the cell phone - If you would have told someone 150 years ago about these incredible breaktroughs they would have laughed you to scorn, but today we enjoy all of them and we don't even think twice about it.

 CHRIS THE MORTGAGE EXPERT - After researching Chris's info and comparing both plans side by side the example of the $200,000 mortgage that both of them use I have discovered that the Money Merge Account can not be done the same way by yourself as Chris claims. If you follow his example and advice you will be paying over $15,000. more to the mortgage company and that differance includes the $3,500. I don't want to be too hard on Chris, I am sure he means well and is an honest person who wants to help people and make a living at the same time. He is honest and sincere, but honestly, he is sincerely wrong about the MMA.

At this moment I am not an Agent of UFirst and am in no way affilliated with them, but after researching, scrutinizing, calculating and doing the honest hard work before coming to a conclusion and judgement, My wife and I have decided that this is not only an incredible knew breakthrough to help consumers, it is also an incredible opportunity for us to finish paying off a mortgage on our home on the gulf coast (we have two, one home is already payed off and the other will be paid off much sooner) This program is not for everybody, but about 75-90% of all homeowners could benefit from it. The interest savings are only a part of how this program can benefit a person. My wife and I have discussed this for hours and have concluded that we could have saved ourselves a foreclosure on a beautiful 4733 sq ft home that we owned in Knoxville TN a few years ago if we had been in this. We had a 15 year mortgage on the home, calamity hit us when some storms damaged the home. We had it rented for about $2,000. per month. The home needed repairs. The Insurance company (SAFECO) jerked us around and around. Our renters moved out because the house was not repaired, because the insurance company was playing games and we did not have the cash flow to pay for the repairs and we did not have the $2000. in monthly rent anymore which caused the mortgage (which we only owed 8 more years on if payed off the long way) to fall behind. Which caused the bank to foreclose. They sold our beautiful historic Arts and Crafts home on the Courthouse steps for $50.000. less than what we had paid for it 7 years earlier!!! Our home was worth $384,000 according to a market analisys done by a top realtor in Knoxville. They sold it for less than $80,000. If wse had been in this program there is no way we would have lost this house and over $300,000. in home equity!!

Anita (my wife) and I are signing up to be Agents for UFirst. We are going to do this, this is a good business. It is honest. It is a financial breakthrough. In 5 years I predict 25-35% of homeowners will be doing this. We sill be signing up in the next couple of days as Agents and will be looking for quality people who want to help people while being financially rewarded in a great way. The compensation plan is just as incredible as the payoff program. Anita and I are both licensed ministers, she is a kindergarten teacher and I work for a large hospital.  I would like to invite any quality people who are interested in paying off there mortgage early, making more income or both to contact me regarding this opportunity.

My name is Lloyd H Cole and my email address is LloyHCole@Juno.com

Have a great day!

PS Chris, I hope I did not offend you, I want to reach out my hand to you and invite you personally to come on board. You like helping other people, this is a revolutionary breakthrough!

Even though I see a number of True Believers here, I'm gratified to see some rational people who have dared to question the great and powerful Oz when it comes to this MMA mumbo jumbo.

I have crunched the numbers myself, and while in general, paying down your loan faster is not a bad thing, the absurd cost of the software is a major turnoff. Another turnoff is that it is more than just a product to the True Believers. It's a way of life; a religion.

Since the first time I saw their presentation (I've seen it twice- once on CD and once sitting in some strangers living room), I have had three objections; leaving aside the incredibly inflated and misleading numbers being thrown around in their presentation. Never once have they addressed them to me. They change the subject and start quoting scripture...

First, the cost. Are you kidding me? $3500 for a freakin' LOG-IN to a website? Not even a deliverable piece of software that would remain in your possession WHEN, not if they go out of business? GIVE ME A FREAKIN' BREAK!

Why would I say WHEN they go out of business? Easy. And that brings up the second point; Web Delivery.Their business model is DESIGNED TO SELF DESTRUCT. I sold enterprise software for a number of years, much of it web delivered, so I have a little bit of understanding as to the economics here... Follow me on this. Yes, they are charging a bunch up front, but with no deliverable, they are incurring a monthly COST potentially forever to maintian log-ins, database, backup, etc. Each customer that must be supported is a monthly cost to them. How much? It depends. Add up all their hosting costs, support staff, backup and disaster recovery plan costs, office staff, lights, overhead, everything, and divide it by the number of past customers, and that's their monthly cost to maintain a customer; probably in the neighborhood of a few dollars per month per customer. EVERY MONTH. Forever. So at some point, if they are really successful and have lots of sign-ups, they are going to have a monumental overhead cost that must be paid. If their sales ever level off, and in a finite market, they must, then their overhead will rapidly catch up their revenue. Flash! Bang! Out of business... My guess is 3-5 years and nobody will remember them.

And lastly, I would simply remind you to listen to the vehemence of the True Believers. It's become a religion to them. BIG RED FLAG. It's just another flash in the pan multi-level ponzi deal that will be gone in a little while. Which is a shame, because if it were a real software package that you could go buy at Compusa for about forty bucks I'd say go for it.

The approach does in fact have some merit, but it's not the panacea that is painted by the True Believers. In their presentation, they will talk about how all this equity just 'magically' appears. Anybody who knows Newton's Third Law knows that money does not come from nowhere (if you're not the government anyway). The success of the program is dependent on the borrower having free discretionary cash flow; in other words, more income than outgo. A fair question to ask might well be, "What else might you do with that money?" Might you put it in savings, earning a little bit of money? Or maybe in a money market account earning a little more? Maybe a mutual fund earning significantly more? Whatever your answer, the cost of the 'path not taken' (lost opportunity cost) MUST be taken into account.

I would love to see a spreadsheet (that's all the MMA is really; a glorified spreadsheet) that takes this same approach and applies the HELOC draws to an investment account, just to see what difference it would make. I've done it by hand and it's ENORMOUS. That's a product I would buy. For about forty bucks. And it better come with a disk.

As some have mentioned, you can do all this for free. Just make sure you have an interest only first mortgage and a HELOC. Use the very same cash flow management techniques the True Believers push, and each month, not only will your loan balance go down, but so will your payment, as I/O loans automatically re-cast any time you make a payment to principal. This allows for an increasing payment to principal without increasing your net payment, thus accelerating the effect.

If you are dead set on paying money, the you should pay a lot less and you should get a disk in case the company goes out of business. Here's one option for about a third of the UFF/MMA product (I am NOT affiliated with these guys in any way): http://www.mortgage-accelerator.com/product.htm . Here's another option that explains how to do it all yourself (again no affiliation or rebate for me): http://www.letyourmortgagemakeyourich.com/wharton/

I would also encourage anyone interested in this topic to read what Jack Guttentag (The Mortgage Professor) has written on the subject. He's a Professor of Finance Emeritus at the Wharton School of Business (U of Penn). http://tinyurl.com/39c673

Best Regards,

Hi Money Merge Account info seekers,

If this program were free everyone would be trying it out. I believe that since the investment for the program is coming straight from the clients'/homeowners' Heloc or Aloc it is free because it does'nt come from  their direct funds.

In closing: This program is for just about everyone who has a mortgage and will change the mortgage, financial,  and real estate industries for the best for many years ahead!

Best Wishes and God bless,

Marquis Reynolds : visit me @ www.u1stfinancial.net/marquis

                                    email me: marquis@ufirstpro.com                    

I believe the Money Merge Account is a great tool for those with mortgages.  I have a Bachelor of Science degree in Accounting, an Associates Degree in Computer Science and a Real Estate License (just so you know what background I have with this issue).  After researching the backbone of this product, I believe it would be very difficult (not impossible) for the average person to understand the complex concepts behind this product, if they had the time to devote to the research. 

I have signed up to become an Independent Agent with United First Financial because I think it is a wonderful product to be able to offer to my tax and financial clients.  Many people struggle paying off their mortgage a few months early so this gives them the tools they need to track their progress and help them manage their funds.  It pays for itself in the long run.

If anyone would like more information, you can contact me through the website:  www.u1stfinancial.net/christifewster or directly at christif@carr.org.

Thank you,  Christi Fewster