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.
A Life Without Debt
Showing and discussing various topics and methods designed to get the average consumer out of debt is an idea that every adult should participate in daily. Debt, and especially bank debt, is a form of modern day serfdom. It enslaves you. Being debt free, including mortgage free, is the path to true freedom.
This slide show presents a working example of one way to retire your mortgage permanently and more quickly than you can imagine. We invite you to click through the presentation at your leisure and contact us with any questions you may have.
Enjoy.Slide Show
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