HOW DOES THE MMA MONEY MERGE ACCOUNT PROGRAM WORK:

How does the MMA program work?  

The Money Merge Account system consists of three major components:

 

1. Your Existing Primary Mortgage:
The existing mortgage on your home is the foundation for the MMA - Money Merge Account program.

2. An Advanced Line of Credit (ALOC):
The Money Merge Account Program uses an advanced equity line of credit as a vehicle or a tool to drive the program. The equity line of credit must have the capacity to operate similarly 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's web-based "Financial Dashboard" system, this creates a formula in which the money in your line of credit account generates an interest cancellation on your primary mortgage.

3. MMA software:
The online Money Merge Account system makes a connection between your bank account, the ALOC (advanced line of credit), and your primary mortgage. Each time you deposit income into your account, it registers as a decrease to your mortgage balance.  By decreasing your mortgage balance, you now lower the balance on which interest accrues.  By decreasing the balance on which interest accrues, you increase the portion of your monthly payment which is credited toward your principal pay down.  The algorithms in the proprietary Money Merge Account system are systematically programmed to create the highest interest savings possible in the least amount of time.

Using the MMA Program you can:

• Repay your mortgage early
• Reduce monthly payments and or consolidate other debts
• Fund a major purchase (new car, holiday home, boat etc.)
• Purchase a second property
• Plan for college tuition
• Cope with illness or unemployment
• Plan for maternity leave
• Budget for holiday spending
• Make the most of an inheritance, windfall, bonus or investment
• Fund home improvements

The concept is easy to follow.  Click here to see a comparison.