Money Merge Account: Can ANYONE use the MMA?

Services for Real Estate Pros with The Jubilee Project

Can Anyone Use the MMA?


We wish we could say yes, but it wouldn’t be the truth. You must qualify, not for the Money Merge Account so much as the Home Equity Line Of Credit (HELOC), which is required to make the MMA Program work. So, the key is being able to qualify for the right kind of HELOC. If you can get the HELOC, then you’re almost there.

Check with your local Bank or Lending Institution, to see if you can qualify for a HELOC. If you don’t have a source, give us a call, and we can help you find one. We have relationships with National Lenders, some of which specialize in helping families with ‘less than perfect’ credit. We have taken the time to find sources of HELOCs which meet the MMA guidelines, which greatly collapses time frames for the Homeowner.

The lowest average credit score we work with has been 600. We have had instances of families with a 580 being approved, but these are on a case by case basis. Some times life gets the better of us, and having a low credit score doesn’t mean we consider you a bad person. We simply have to work with the rules the Banks have set before us.

However, nothing improves a credit score better than money, so give The Jubilee Project a call. If you can refer families to this program, we are willing to pay commissions to assist you in improving your credit score. We also have special sources which could boost your credit score to 620-640* in 45-60 days, so give us a call.


Why won’t the Money Merge Account work in Texas?

The term ‘betting the farm’ might have come from Texas. Due to farmers extracurricular activities in saloons, Texas created a series of laws to protect the Homeowner…from themselves. Hence, the Money Merge Account does not function in the same fashion as every other state. The result?

United First Financial will not issue an MMA to any Homeowner in Texas, using a Texas HELOC. They will only issue an MMA if they can guarantee the results, and with the unusual Real Estate laws in Texas, they can’t.

‘Then can’t I get a loan from a Bank OUTside of Texas?’ You can, but the results will be the same. It’s not the location of the Bank, it’s the location of the property that matters. Hence, a HELOC on Texas property simply won’t work.

However, there are ways to make the Money Merge Account work in Texas, and has been approved by UFF. The main tool you need is a personal line of credit, or a business line of credit. So long as you have a personal or business line of credit with the same minimum requirements as a HELOC (open ended, interest only payment option and variable rate), you can acquire an MMA with the same guarantee from UFF.

NOTE: Make SURE you use the following formula to figure out the MINIMUM line of credit amount. This is for the client to determine ON THEIR OWN. We are not financial professionals, so please do NOT ask Jubilee for financial advice--we will NOT GIVE IT:

(Discretionary Income x 4 + Income + Expenses {absolute value of expenses} = Bare MINIMUM credit line needed.)

Example: You have a monthly income of $4200, total, complete expenses of $4000, which leaves $200 a month in discretionary income. ( $200 x 4 =) $800 + $4000 + $4200 = $9000 BARE MINIMUM needed for a personal or business line of credit.

Comments (10)

David A. Podgursky PA
THE PODGURSKY GROUP @ Re/Max Direct - Boynton Beach, FL
THE PODGURSKY GROUP - Make the Right Move!

interesting - I learn a little more about the MMA everyday...

you do a good job of talking it but not pushing it

May 15, 2007 01:56 AM
Michael Hutchins - Consumer Advocate, Chicago
Michael Hutchins Ent. - Chicago, IL
Hi Jaime.  I just wanted to welcome you to the Rain!  Hope you enjoy it here and keep blogging!
May 15, 2007 03:10 AM
Jaime Buckley
The Jubilee Project - West Jordan, UT

Thanks Michael...this site has earned my respect, so I hope to stay here for many moons to come.

Now David! LOL... we don't WANT to push anything at The Jubilee Project. We want to educate, and then let people make the decisions for themselves. They have to make those decisions themselves.

We might not see eye to eye with some views, but that's ok. We have a simple focus, and that's on paying off our homes as fast a possible. Now, the debate starts when we talk about money earned, etc. That's not what we are about...initially. We are about giving people the option of paying off their home nest, the one their wives and children live in, so it's safe and secure.

From there, we encourage people to use the MMA to generate equity so that it can be used and invested.

 So, no, we don't push it. The choice is always yours...just figure out what you personally want to do, according to your life and goals, and then make it happen. If it's with the MMA, great, if not, THAT'S OK.


However, those professionals who don't have this in their arsenal as an option to their clients, we believe are making a flat out mistake. The Jubilee Project has the closest knit team in the country, and we are looking for more professionals who would like to offer this to their clients.
If interested, give us a call at: 801-208-9492, and we can answer any of your questions, and help you get started.

Thanks for the comments David. =)

Jaime Buckley
Co-Founder of The Jubilee Project

May 15, 2007 06:10 AM
Bill C
I have just learned of the MMA concept and it sounds intriging but I'm not sure if it could work for me in my current situation. I have been reading the many posts on various sites and it is clear that there is a huge difference of opinion as to whether using MMA is wise. I currently have a HELOC as my mortgage. I currently owe 207K and have about 25K in available equity. I do not have any other debt other than my regulay bills but my cash flow is such that I am barely able to pay the interest each month which is about $1360. I rarely have any descretionary income and have had to continue to borrow from the HELOC since I got it. I am going to be in need of another car soon and would probably use it again to pay "cash" for it so I don't have to take out another loan. Even with no other debt I feel like I'm going backwards and any other equity in my home here in Central Florida has shrunk to almost nothing beyond my HELOC limit. I would welcome any opinions on whether using MMA would be worth it or even an option for me, since I don't have a traditional mortgage. Thanks.
Jun 10, 2007 01:15 PM
Jaime Buckley
The Jubilee Project - West Jordan, UT


Your situation may be a sticky one, and I would simply suggest that you contact me and let's run your numbers to see what the options are.

To clarify about the Money Merge Account, you will always find a spectrum of opinons and thoughts on what is better, but it comes down to your particular goals and specific circumstances. I'm sure there are UFF Agents out there that would like to claim that this will help anyone and everyone. That's simply not true. I sell these all the time, it's my full time job and I have loved nothing more...but there are limits.

 This isn't fairy's not a "cure"'s a tool. We can't create something from nothing.

On the flip side, people who oppose this program simply do not know what they are talking about, because unless you have actually use this program, you cannot honestly claim to know and understand if this will work. I say that in direct response to the posts that have been made on Active Rain posts. People who oppose this program are of two breeds: those who simply don't get it, and those who have something else to sell you. Again, it depends on your own goals...but other options with investments are based on speculation---The Money Merge Account holds NO RISK with your money. That's a comfort in and of itself.

Just know that though i wish this would work for every homeowner, it doesn't--and so I will share and bless those I can. 

Contact us at The Jubilee Project. Fill out a FREE Analysis, and we can run your numbers to see if we can help you. 

God Bless.
Jaime Buckley
Jaime Buckley
Co-Founder of The Jubilee Project
Branch Manager

Jun 10, 2007 01:43 PM
Marcial Maier
Global trade - Hallsville, NY



Aug 26, 2007 05:25 PM
Jaime Buckley
The Jubilee Project - West Jordan, UT


Please understand that I only sell the Money Merge Account, so I don't think I can assist you---espeially because I'm not quite sure what you're talking about.

I certainly would not be using my money in someone else's account as you seem to hint at. 

If you are talking about a Money Merge Account, why don't you try and clarify your question for me. 

Aug 27, 2007 01:09 AM
Mindy and Steve Higgins
Realty Solutions,LLC - Johnstown, OH

This is a great blog and I am so glad you wrote it with class! My husband and I are Realtors in Ohio and were introduced to the MMA concept by a friend selling the U1st program. I have to say, it didn't take us long to realize it was a brilliant program that so many people could benefit from. My husband signed up for it and I have to say that it is very liberating when we check the updates to see where our time line is now. For us as Realtors in this tight market, it is also reassuring to know that if need be, we have the funds to carry us until the next closing when we will beat the HELOC balance back down. Before becoming a Realtor, my husband was the Vice-President of a Successful Mortgage Company here in Central Ohio and he of all people is very skeptical of new things coming across his desk. But this one is amazing. The goal of having our home paid off is an actual goal we will reach... not a pipe dream. Just about every home closing the Buyers will take a deep sigh when the Closing Agent goes over the payment schedule and says "Your loan will be paid off in 2037 and xxxx is the amount that will have been paid to the lender over this time."  It doesn't have to be like that. We are hoping to give the program to clients (Buyers) at closing as a gift (of course they have to get a HELOC at the same time). Yes it is $3500 but if we subtract the commissions we get, it isn't so bad and we believe it is that important. The MMA is something I want my entire family to look into. I am a Realtor, I am not in the mortgage business. I just know what works and this is a great facilitator to be debt free! Another great thing is that it works on Commercial properties as well as multiple residential homes AND transfers to new properties! If paying off a mortgage too early is a problem.... it's a problem I wouldn't mind.... plus, I know a couple agents in Central Ohio who would love to help you buy a new home to start over! ;)

Mindy Higgins


Sep 07, 2007 05:18 AM
Jaime Buckley
The Jubilee Project - West Jordan, UT

Thank you so much for your participation and testimony about the Money Merge Account Mindy. Welcome to the board and I hope you and your husband have fantastic success in your new business!

Stop back in and let us know of your other success stories if you get the chance...


God Bless 

Sep 07, 2007 06:41 AM
Thomas Hargreaves
TriStar Financial Services - Eugene, OR

I used to market the MMA as a loan originator, but found too many people unable to qualify for the Heloc, so now I use the Dream System

Aug 16, 2008 05:08 PM