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MMA How It Works

     With any kind of consumer debt like your mortgage, credit cards, auto loans student and medical loans etc, The Money Merge Account  ^®  system  can potentially save you thousands of dollars and cancel out years of payments that you normally would have to pay. It doesn’t matter what type of loan you have the concepts are still the same: leverage money, cancel out interest, and use” time value of money “to your advantage.                                                                                    

   Normally you deposit your income into a checking account and pay your monthly expenses using that account. Any money left over at the end of the month, is either left in your checking account or transferred into a savings account. This traditional way of handling your money can be very costly when paying a mortgage or substantial consumer debt balances, because money in your checking and savings is “stagnant”, when it should be reducing the amount of interest you pay on these loans.  The Money Merge Account system uses three main components, to keep your "stagnant" money working for you. Your existing mortgage, an Advanced Line of Credit (ALOC), and the Money Merge Account web-based software. Minimizing the interest you pay over the life of the loan and decreasing the time it takes to pay it off. It does all of this with little to no alteration to your current standard of living.

         The Three Components That Drive The Money Merge Account Program R


COMPONENT #1 – AN EXISTING 1ST MORTGAGE

    Most mortgages are traditional “closed-end” amortized loans, front end loaded, meaning they have a predetermined amount of interest with a set payment every month. Closed-end loans only allow you to deposit money into them.  Payments are applied to the principal only once a month and interest is calculated on a monthly basis (they can also be bi-monthly); no matter how many times you deposit money during the month.  These types of loans are not set up in your favor, because you pay the majority of interest during the early years of the loan.  Most of your payment is going toward the interest, not the principal.  That’s why it takes 21 years to get to the halfway mark when you have a 30-year mortgage!  The Money Merge Account system will work with the “traditional” (30-year and 15-year), interest only”, negative amortization, and pay option ARMs” types of loans to maximize interest cancellation. It will not work with a Reverse mortgage. Also, in most cases, due to the increased cost of closing costs, it is not recommend that you refinance your mortgage.

COMPONENT # 2 – AN ADVANCED LINE OF CREDIT (ALOC)

    An Advanced Line of Credit (ALOC) is a specific type of Home Equity Line of Credit (HELOC) that is based on the equity in your home.  Most people will need to open a new loan for the ALOC, unless they already have one that meets the Money Merge Account system criteria.  It must be “open-ended” have an interest only payment option, a variable interest rate, and the capacity to operate similarly to a primary checking account with low to no fees.  Open-ended loans allow you to deposit money and withdraw money.  Payments can be made multiple times, are immediately applied to the balance, and interest is calculated on a daily average balance. You are able to use other Lines of Credit also, Personal, Business, Secured etc. With an ALOC you would be using the Money Merge Account Pro package.

     If you are not able to acquire a Line of Credit, the Money Merge Account system will still work. Using the Optimizer, your standard checking account, standard savings account, and working together with a credit card with at least a $300.00 credit limit to simulate the operation of an ALOC. You are able to create your Advanced Savings Line (ASL). You would be using the Money Merge Account Pro with the Optimizer.

     The Money Merge Account system uses the ALOC as a vehicle or a tool to drive the system. The ALOC basically becomes your primary checking account. You deposit your income, savings, and any other money you have sitting “stagnant” into your ALOC and pay your bills from it.  The Money Merge Account web-based software uses the “stagnant” money in your ALOC to maximize interest cancellation on your mortgage.  You always have access to the money you put in your ALOC but the longer you are able to leave it there, determines how much interest the Money Merge Account system software can cancel from your mortgage.  If you are not financialy aware or responsible and spend your money as fast as you make it, then this system is not for you.
 
    If you do not have a mortgage you will be using the Money Merge Account Express. It is designed for clients with no mortgage and limited debt. The maximum of $80,000.00 total debt, and you cannot have more than 10 total creditors.

    The Optimizer allows the Money Merge Account Pro and the Money Merge Account Express to operate without a line of credit. Additional functions are offered with the Optimizer Package include text message updates, the True Cost feature, and bill payments via cell phone. It also provides control setting that allows clients to select how aggressively the Money Merge Account system works for them.

    The Optimizer Package also allows Money Merge Account Pro clients to add and manage additional mortgages or investment properties as well as pay down multiple mortgages simultaneously.

COMPONENT # 3 – THE MONEY MERGE ACCOUNT WEB-BASED SOFTWARE 

    The Money Merge Account web-based software is basically the “brains”.  It’s your personal financial dashboard that helps you monitor, manage, and pay off your mortgage and possibly other consumer debt, using your ALOC to maximize interest cancellation on your mortgage.  It also comes with coaching services that enables you to benefit from the full potential of the program and lifetime service and support.
 
     On a $200,000 mortgage in 1 month alone, if you were to apply $5,000 at 10% with the first monthly payment of $1,199 you would save $28,304 in interest on a 30 year loan. With an interest rate of 10% from a HELOC you would be charged $41.67 while saving $28,304.

How Many times would you like to do that a year? After the 15 years, what would you do with your mortgage payment if you no longer had to pay it towards your mortgage?

                                                                  Pay It Off In As Little As 1/2 To 1/3 The Time

Comparison: If you have a 30 year Mortgage at $200,000 with a 6% interest, and a total monthly payment of $1,199 - which option would you choose?

              Make It Yours, Free and Clear

Independent Agent of United First Financial ^® (UFirst TM )

Debbie Reynolds

#840428

DebbieR@canceloutmydebt.com  406-360-6286

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