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The Money Merge Account™ consists
of three major components:
1. Your Existing Primary mortgage
The existing mortgage on your home is the foundation
for the Money Merge Account™.
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 system, this creates a formula in which the money
in your line of credit account generates an interest cancellation
on your primary mortgage.
3. Money Merge Account™ Software
The online Money Merge Account™ system makes a connection
between your bank account, the 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.
Five
Easy Steps to Becoming Mortgage Free with
United First Financial's Money Merge Account™
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