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 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.

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United First Financial Money Merge Account Canadian Expansion

Written by xavier687 on

From: money-merge-account.blogspot.com

This news came down the pipeline the other day to all United First Financial Agents. It seems that we can now recruit Agents in Canada! Thank goodness because I get many people contacting me from Canada and want to offer the United First Financial Money Merge Account there.

Before everyone from Canada starts contacting me again, I do want to make sure you read this little tid-bit about selling the United First Financial Money Merge Account in Canada:

"Sales of the Money Merge Account system in Canada will not be open until May 1st, 2008 and will be limited to clients with a mortgage and line of credit in the following provinces only: Alberta, British Columbia, Manitoba, Ontario and Saskatchewan."

So, please be sure you are from those provinces before contacting me about becoming a United First Financial Agent.