Frequently Asked Question about the Money Merge AccountTM system
You're likely to have many questions regarding the Money Merge AccountTM system from United First Financial. This is normal because of the complexity of the information, how new it is, and the fact that most consumers haven't been taught the mathematical principles used to create the algorithms in the software. Below we've given you a listing of the most common questions potential customers ask and the answers to those questions.
As you try to digest this information, here's some food for thought. Don't be so concerned with the mechanics of the software. Get to know the basics. It's like most other pieces of technology you use every day. You don't need to know how it works, just that it works. UFirst is not going to release the exact algorithm and math they used to create the software, so don't try to figure out how it does it. Just learn how it will help you pay off your mortgage in 1/2 to 1/3 the time and save you potentially thousands in interest in the process. The product is fully guaranteed and UFirst has a perfect Better Business Bureau rating. If it didn't work, you'd think there would be somebody actually using the software complaining about it.
Money Merge Account F.A.Q.
Q. What is the Money Merge Account™ system?
A. The Money Merge Account
system is a powerful tool that enables homeowners to pay off a
30-year mortgage in as little as one-third of the time, without refinancing
their existing mortgage or increasing minimum required monthly
payments. The system incorporates the homeowners' checking and
savings accounts with an advanced line of credit (ALOC),
then helps to strategically and incrementally
Q.
A. Absolutely. The simple answer is that
anyone can attempt to do something similar on their own. The most accurate
answer is that the Money Merge Account system is an advanced tool, specifically
designed to take into account the financial variables of individual
homeowners' lives and help produce some of the greatest interest savings
possible. This complex, yet user-friendly system records and tracks
all critical financial data: the individual homeowners' income and
expenses; increases, decreases, and out-of-the-ordinary fluctuations in
spending; and many other financial variables in their daily lives. The
system helps to maximize interest savings with each and every penny and
recalculates to maximum efficiency under this concept each and every day. It
adapts and adjusts to real life situations instead of expecting homeowners
to stick to a static plan.
A. Mathematically it can make sense. In moving your savings into your Money Merge Account system, you can further decrease the loan balance on which interest accrues, and potentially decrease even further the amount of time left to pay off your mortgage. When you need access to money you can draw money out through your line of credit. We advise that you always seek the advice of your licensed financial planner.
A. Yes, but not in the traditional sense. You will use your line of credit
similarly to your primary checking account. Your paychecks will be applied to
your line of credit and your monthly bills will be paid from the account.
By repositioning your income against the line of credit, the line of
credit lender will credit the monthly payment requirement and lower your daily
average balance, thus reducing interest charges. Any money that you don’t
spend, that would normally be "sitting stagnant" in your
regular checking or savings account, remains against the balance of your loan
until it is otherwise needed, further reducing interest charges. When
money is needed, it can be accessed through the line of credit.
A. The Money Merge Account system and service is designed to work around the homeowners' existing lifestyle. This system helps to provide homeowners with tools, service and education on how to reduce both the interest and time owing on their existing mortgage by repositioning their unused idle money, which normally sits in their accounts along with their regular monthly expense money against their outstanding loan balance until it is otherwise needed. When money is needed for expenses, it can be accessed through their line of credit. This system helps homeowners to strategically position their money where it provides much more financial benefit than "sitting stagnant" in a standard checking or savings account. Because the homeowners regular expense money and the money the homeowner normally leaves in their account is strategically repositioned against the balance on their line of credit until it is otherwise needed, the homeowner is in reality reducing the time and interest owing on their mortgage without requiring them to change their lifestyle. Because of how the Money Merge Account system works, homeowners now utilize their unused idle money and expense money to help reduce interest charges on their line of credit until it is otherwise needed, without increasing their minimum required monthly payment. Intricate financial details programmed into the Money Merge Account software help to better educate homeowners and assist in some of the greatest time and interest savings possible.
A. The Money Merge Account
Program uses the equity line of credit solely as a vehicle or a tool to drive
the program. The system is coordinated through Web-based software created
by United First Financial and works independently of the lender. The
equity line of credit must have the capacity to operate as 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 software and service, this creates a system
in which the money in your line of credit account generates an interest
cancellation on your primary mortgage, while the unused money that normally
would be sitting "stagnant" in your checking and/or savings account
generates an interest cancellation on your line of credit, until otherwise
needed.
A. No. It is not necessary to change banks. After signing up for the program, we have a customer support team that will assist you in coordinating your banking needs with your Money Merge Account system.
Q. Do you make payments for me?
A. No. We do not have any
access to your accounts. You will be initiating all transactions by following
the prompts of your online Money Merge Account system. You make all
decisions and you are in complete control of your money.
A. No. You are the only
person with access to your accounts.
Q. Do I pay interest on the equity line of
credit?
A. There is interest
charged on the line of credit, but because your income
is repositioned against your line of credit in different intervals,
the bank adjusts the amount of interest they can charge you by offsetting the
average loan balance. As a result, the interest charged is greatly
lessened.
Q. Why do most banks not offer this
type of program?
A. The Money Merge
Account system is based on banking principles that are accepted by
most banks across the nation. The system simply provides you with the necessary
tools and education to better use your money to reduce interest, instead of the
bank using your money to earn interest. We believe that this is one of the
reasons that most banks do not offer this type of program.
A. Due to privacy
regulations, we are unable to provide personal contact information for
references. However, you can view actual clients using the Money Merge
Account system on our informational
A. 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.
Q. Is there any risk involved?
A. From a financial
standpoint, there is very little risk. No stock market crash or extreme
interest fluctuation can completely eradicate the expected outcome. If your
numbers remain the same, we guarantee the results given on your
"Final Analysis" at the outset of the program. Only
homeowners who qualify to significantly reduce their mortgage payoff time and
interest, however, will be activated on the Money Merge Account system. Be
advised, this system does not release homeowners from their
obligation to make their regular minimum monthly loan payments. This
program is not for everyone, as no program is right for everyone.
Q. Can anybody qualify for the Money Merge
Account system?
A. It is important to go
through a brief questionnaire when applying for the Money Merge Account system.
Fortunately, there are several avenues that can be taken to gain approval or
tailor the program to work for your specific situation, but the Money Merge
Account system is not for everyone.
Q. Do I have to refinance my existing
mortgage to make this work?
A. No. It is not
necessary to refinance your existing mortgage. You may choose to refinance your
mortgage for additional interest savings but refinancing your existing
mortgage 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.
A. 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.
Q. Does United First Financial give
investment, mortgage, real estate, or financial advice?
A. No, United First
Financial does not provide investment, mortgage, real estate or financial
advice.
A. No, the Money Merge Account program does not create money "out of thin
air." It is a proven system that uses existing banking tools,
financial strategies and education to assist homeowners in saving interest and
paying off debt at an accelerated rate. This system helps homeowners reduce the
interest and time owing on their existing mortgage by repositioning their
unused idle money, which normally sits in their accounts with their
regular monthly expense money until it is otherwise needed to pay expenses.
When money is needed for expenses, it can be accessed through their line of
credit. This system helps to maximize interest savings with each and every
penny and recalculates to maximum efficiency under this concept each and every
day.
A. There are many different options for homeowners to pay their mortgages off early.
Homeowners using this system have stated that the Money Merge Account system is
one of the best ways they have seen to pay their mortgage off early while
gaining a much more robust understanding of the operation of their household
finances.
A. Yes. Individual homeowners' pay schedules such as monthly, semi-monthly,
weekly, and bi-weekly are taken into account. The Money Merge Account system is
programmed to take different pay schedules into account to operate at maximum
efficiency. Whether you are paid 12, 24, 26, or 52 times a year, this
system takes your specific pay schedule into account. This enables
homeowners to benefit to their optimum potential under this concept while
always maintaining complete and total control over their money and financial
decisions.
Q. Does the Money Merge Account system fix
my financial problems?
A. There is no magic trick or secret type of loan that will let you own your
home sooner. The Money Merge Account system is not a cure, it's a tool.
This system will only assist qualified homeowners in paying down their mortgage
debt at an accelerated pace if they properly use the Money Merge Account
system and service the way it is intended to be used.
Q. If I spend more than I make, will the
Money Merge Account system work for me?
A. No. If you do not make more than you spend, the Money
Merge Account system is not the right option for you.
A. United First Financial
does not provide financial or investment advice. Please consult your
licensed financial planner.
A. Proper customer
support is key in gaining the greatest possible savings with the Money Merge
Account system. While the system software is very user friendly, the lifetime
customer support which comes with each new program activation is equally as
valuable in achieving the greatest time and interest savings possible. There
are many interest-saving features built into the program and our client support
personnel are highly trained in providing the homeowner with the greatest
possible education and instruction under this system.
A. When repaying a mortgage, it's not the rate you pay that's most important.
What matters most is the total amount of interest you pay over the term of your
loan. With the Money Merge Account system you use your line of credit to reduce
the balance owing on your primary mortgage, and you reposition your regular
income and your unused “stagnant” money you normally leave sitting in your
regular checking and/or savings account to reduce the balance owing on your
line of credit. By repositioning your regular income and your unused “stagnant”
money you normally leave sitting in your regular checking and/or savings
account, you are able to keep your line of credit balance as low as possible,
which can significantly reduce the interest that would normally be charged on
the line of credit. This means more of your regular payment goes
towards your principal balance each month, helping you repay your mortgage
ahead of your standard mortgage schedule. The online software system and
customer service provide helpful guidance as to the specific transfer
amounts and timing that is needed to provide each individual homeowner with the
best interest savings possible under this system. Optimum interest savings
under this system is a delicate balance between your primary mortgage, your line
of credit, your income, expenses, transfers, etc. If you transfer too much to
your primary mortgage, it can cost you more interest on your line of credit. If
you transfer too little, it can cost you "lost" interest savings on
your primary mortgage. This system helps homeowners to reduce both the interest
and time owing on their existing mortgage by strategically positioning their
money where it can provide much more financial benefit than "sitting
stagnant" in a standard checking or savings account. Also, unspent
"stagnant" money left against the balance of the loan that homeowners
would normally leave in their checking and/or savings account is now working
for them 24 hours a day without requiring them to change their lifestyle.
When you need money for expenses, you can access it through your line of
credit. Intricate financial features and details programmed into
the Money Merge Account software help to better educate the homeowner
and assist in the greatest time and interest savings possible under this concept.
Q. What is the secret behind the Money Merge
Account system?
A. There is no magic trick
or secret type of loan or system that will let you own your home sooner. With
the Money Merge Account system, substantial savings are achieved by
strategically and incrementally repositioning the unused money that you usually
have “sitting stagnant” in a standard checking or savings account against the
principal balance owing on your home until otherwise needed, without increasing
your minimum required monthly mortgage payments. When you need
access to money, you can draw money out through your line of credit. Because much of the savings of this program comes
from homeowners repositioning the unused money that they normally do not
spend and leave sitting in their standard checking or savings account, little
to no lifestyle changes are needed. Many of the educational features in the
Money Merge Account software help homeowners to better see the cause and effect
of the money they spend and the money they don’t spend. Many of the features
programmed into the Money Merge Account software are based on what is called
Behavioral Economics. The definition of Behavioral Economics is: A field of
economics that studies how the actual decision-making process influences the
decisions that are reached.
Q. Is this a good program if I overspend on
a regular basis?
A. While the Money Merge Account software
and service does have the ability to educate homeowners on many of the “cause
and effect” situations prior to spending money, if you have a tendency to
overspend on a regular basis, this program is not the right program for you.