It's good to see the arguments and fine points here.  And the underlying tone of what I see from the intelligent, respectable comments are this.

Any mortgage strategy is going to be good for many and not good for many others. The other "negative" stuff like name calling and saying one person is an idiot or wrong, I say just ignore it! :-)

The MMA mortgage cycling strategy is a good sound concept based upon math.  The way that it is being marketed however, could create more negative opinions and mislead many consumers down the wrong path.

I sell the MMA and I readily admit that, as a mortgage consultant.  But I'm probably shooting myself in the foot by honestly saying, that if it doesn't MAKE SENSE to my client, I can't in good faith sell it to them.

Sometimes my client is better off with the CMG Home Ownership Accelerator. Sometimes MacQuarie and sometimes the MMA.

And sometimes, they are better off employing other financial strategies and possibly refinance the mortgage and leave the debt in place, because they are savvy enough to use the concept of ARBITRAGE to invest the cash flow difference to attain higher yields, rather than paying off their mortgage.

Is the MMA program/product the be all, end all solution for everyone who owns a home?  Maybe, maybe not.  But that's why we have so many mortgage products in place today. 30 yr fix, 15 yr fix, 5/1 ARM, etc, etc.  What the MMA can do for MOST homeowners is not just pay off their mortgage faster. That's the surface benefit, yes.

What they can learn while on the MMA, is to add some financial accountability to themselves, albeit through a simple software interface that shows how soon they will pay off their mortgage, but at least the underlying thought that the co-founders originally envisioned, was to give homeowners the ability to have an easier way to manage finances, their income and spending and tie it to the one constant, the one largest single debt they will ever most likely have and that's their home mortgage. Again, is it for everyone? Yes and no.  Only investigating and running the math will really be a fair guideline to decide by.  

ROBERT:  Oh and by the way, I don't think you're an idiot Robert. Hardly the case.  You fly planes for goodness sake!  The degree of education, intelligence and just guts, shows you know a little bit more than what that guy is crediting you with. :-)

KARL:  I too am worried about the aggressiveness and the way it is being marketed through the MLM channels. But it is what it is; some people will "cloud" and distort the facts and truth just to make a sale, because there is financial gain from signing someone up.  I just hope people buy it based upon what it will do for their financial goals and situation and not necessarily because they can sell it too and make money off some other poor chap!  Deciding to sell the MMA via an alternative marketing and sales channel such as network marketing/MLM with comparisons to the insurance commission platform was their decision. Hopefully, the concept will gain enough market share to weed out the "wrong" people marketing and selling the MMA and that the program/product will stand on its' own to be beneficial to those that it works for. 

Best wishes all! :-) 

Ed Bisquera

(360) 597-8283 | ed@pdxloan.com