Money Merge Account - MMA Software

MMA - MONEY MERGE ACCOUNT SYSTEM FAQS:

Frequently Asked Questions on the Money Merge Account Software

What is the Money Merge Account System - Money Merge Account Software?
The Money Merge Account system is an online account system that incorporates your checking and savings accounts with an ALOC (Advanced line of credit). The ALOC is a specific type of home equity line of credit, or HELOC. Through this program, homeowners have the ability to pay off their 30-year mortgage in as little as one-third of the time, without refinancing their existing mortgage loan or increasing minimum monthly payments.

Is there a difference between the MMA software and the Money Merge Account system?
No! The term MMA is an acronym and stands for the Money Merge Account. Why can't I make extra principal payments to my primary mortgage and achieve the same results?
Simply put, the mathematics behind the Money Merge Account software presents a sophisticated process that has a substantial financial benefit over increasing your monthly payments. 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. These algorithms are pre-programmed math engines embedded in the Money Merge Account system, to calculate the specific timing and dollar amounts required to produce the most optimum savings possible given your personal financial information. The Money Merge Account Software system is tailored specifically for you!

Does it make sense to move my savings accounts over to the ALOC (advanced line of credit)?
Yes, in moving your savings into your Money Merge Account ALOC (advanced line of credit) 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.

What is an ALOC (advanced line of credit)
An ALOC is a specific type of HELOC (home equity line of credit). If you already have a HELOC, you may not need to change it! To get a better understanding of what the difference is between an ALOC and HELOC, click here. Do I make monthly payments on my ALOC?
Not in the traditional sense. You will use your ALOC (advanced line of credit) similar to your primary checking account. Your paychecks will be applied to your ALOC and your monthly bills will be paid from the ALOC account. By transferring your income each pay period to your advanced line of credit you will meet the monthly payment requirement and lower your daily average balance, thus reducing interest charges.

If I am not increasing the monthly payments on my mortgage, how can this program be possible?
The Money Merge Account system makes a connection between your bank account, the ALOC (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 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 Money Merge Account system, determines the specific timing and amounts for each transfer required to produce the quickest pay off time and highest interest savings possible. There are also multiple financial options programmed into the Money Merge Account software which assist homeowners in paying down their mortgage as soon as possible.

Why am I applying for a line of credit, and how is it associated with my savings and checking accounts?
The Money Merge Account Program uses the ALOC (advanced equity line of credit) solely as a vehicle or a tool to drive the program. The Money Merge Account system is coordinated through systems created by United First Financial™ and works completely independent 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 vs. a closed-end interest calculation. Combined with the MMA 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.

Do I have to change banks?
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.

Do you make payments for me?
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 software. You will be in complete control of your finances! Do you have access to or control of my money?
No. You are the only person with access to your accounts.

Do I pay interest on the equity line of credit?
There is interest charged on the line of credit. But because your income is sent to your line of credit, changing the average loan balance, the bank adjusts the amount of interest they can charge you each time your income is deposited. As a result the interest charged is much less.

Why don't the banks offer this program?
The Money Merge Account system utilizes banking principles that are accepted by most banks across the nation. The MMA program simply provides you with the necessary tools (Financial GPS) 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.

What happens if I sell my home?
Once you purchase the MMA software, it is your for life! The Money Merge Account program follows your mortgage until it is paid off. The line of credit the Money Merge Account 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 Money Merge Account 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. Is there any risk involved? From a financial standpoint, there is very little risk. No stock market crash or extreme interest fluctuation can completely eradicate the expected outcome. Only homeowners that qualify to significantly reduce their mortgage payoff time and interest will be activated on the Money Merge Account program.

Can anybody qualify for the Money Merge Account?
It is important to go through a quick 5-minute questionnaire when applying for the Money Merge Account program. Fortunately, there are several avenues that can be taken to gain approval, but the Money Merge Account program is not for everybody.

Do I have to refinance my existing mortgage loan to make this work?
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 existing mortgage loan is not required for the Money Merge Account system to work. If you do not currently have a specific line of credit, one will need to be opened.

Will the Money Merge Account system work with an Interest Only/Neg-Am loan payments (such as MTA, LIBOR, CODI, COSI, COFI or other Pay Option ARMs) on my primary mortgage?
Yes. In fact, the Money Merge Account system not only works with a 30 year fixed rate mortgage but it can also help you to take control of the outcome of other types of loans to benefit you substantially.

See below...30-Year Mortgage:
Because 30-year mortgages charge so much interest over the life of the loan, particularly during the early years of the loan, these loans are ideal to benefit from the Money Merge Account program. 15-Year Mortgage:
15-year mortgages aren't as bad as 30-year loans but they also charge a lot of interest over the life of the loan. If you have one of these loans you should consider using the Money Merge Account program to save thousands of dollars in interest costs over the life of your loan.

Interest Only Mortgage:
Interest-Only Mortgages have become pretty popular in recent years, particularly in markets where there has been significant value appreciation. However, these loans are not designed to pay of a dime of the principle. You can pay on these loans for years and you will still owe just as much as the day you signed the loan documents. If you have this type of mortgage you should definitely take advantage of the Money Merge Account program to eliminate the debt on your home.

Negative Amortization Loans (MTA, LIBOR, CODI, COSI, COFI)
Recently, many people have opted to get mortgage loans that have the potential of actually increasing the principle owed on their mortgage if they don't pay enough to keep the principle going down. This has happened all too often for people who have seen the interest rates go up month after month and who have not had the income to keep up with these increases. The Money Merge Account program can get things back on track for people with this type of loan.

Pay Option ARM:
Pay Option Adjustable Rate Mortgages are another type of loan that have the potential of actually increasing the principle owed on a mortgage. This has happened all too often for people who have seen the interest rates go up month after month and who have not had the income to keep up with these increases. Pay Option ARMs allow borrowers to pay minimum payments that don't even cover the repayment of interest due on the loan. This causes the principle to actually go up on these loans. The Money Merge Account program can get things back on track for people with this type of loan. Can I own multiple investment properties at one time and utilize just one Money Merge Account program, or do I need one for each property?
The Money Merge Account system, 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.

Do I Qualify For the Money Merge Account Program?
Not everyone can qualify for the Money Merge Account. Why not email Roy Vilardi and take the FREE online Money Merge Account analysis by going to Roy's Mortgage Stopper website. One of our Independent U First™ agents will contact you with-in 24 hours. The answer could change your life!

Can I become an United First Financial™ agent?
Opportunities are wide open at U First Financial and NO pecial license is needed! Click here and register online.