Money Merge Account - MMA
A “money merge account” is a special home equity line of credit placed on your home. Every time you receive a paycheck, the whole thing goes straight towards first paying off any balance in your money merge account, then the entire... [more]
A “money merge account” is a special home equity line of credit placed on your home. Every time you receive a paycheck, the whole thing goes straight towards first paying off any balance in your money merge account, then the entire remainder of your check goes towards paying the interest, then the principal of your home loan. Let’s say you had a mortgage with $1,500 payments and you set up a money merge account. Each month, you received $3,500 in paychecks, but only spent $1,200 (and sometimes less). That means that automatically $2,300 (and sometimes more) goes towards that mortgage each month - an extra $800 towards principal every single month. This means a 30 year mortgage would be paid off in 13 years and two months.
United First Financial Money Merge Account in Texas
In a previous post, I explained that you could use other Lines of Credit for the United First Financial Money Merge Account such as a Business Line of Credit or a Personal Line of Credit. Well, by using one of these others Lines of Credit, a person who lives in Texas can qualify for the United First Financial Money Merge Account. Also, if that person happens to own other property in another state (say Florida), they can get a Line of Credit on that property and use it to payoff their mortgage on the property in Texas.
Great, so where can you get these other Lines of Credit? Well, here are some of those places:
US Bank
866-307-3219 ext. 2522
CA, UT, OR, CO, FL
Wells Fargo
888-667-5250
50 States
America One Funding
800-809-0993
50 States
Bank Of America
888-457-2543
50 States
Chase
866-466-8962
50 States
National City
800-622-4036
50 States
Key Bank
800-539-3253
AK, CO, CT, ID, IN, KY, ME, MI, NY, OH, OR, UT, VT, WA
Regions Bank
800-588-1267
AL, AR, FL, GA, IA, IL, IN, KY, LA, MO, MS, NC, SC,
TN, TX, VA
Nationwide Unsecured
877-777-9933
50 States
I hope this information helps some of the potential clients and Agents of the United First Financial Money Merge Account.
Get Your Free Money Merge Account Analysis Today!
Become a United First Financial Agent and offer the Money Merge Account
Got a Question? Call Charles at 561.756.4279 or email me at xavier687@yahoo.com
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