The Major Money Merge Account Components
Did you know you can payoff your 30 Year Mortgage:
In as little as 1/3 to 1/2 the time
Without refinancing your existing mortgage
With little or no change in your lifestyle
THIS IS NOT a Bi-Weekly or Debt RollDown Service
Results are Guaranteed
Your mortgage is the biggest debt you will ever have and getting it paid off faster will mean a lot more money, choices and a lot less financial stress.
The Money Merge Account consists of the three major components outlined below.
1.) Your Existing Primary mortgage
The existing mortgage on your home is the foundation for the Money Merge Account. This mortgage is typically in 1st position, however is not required to be in first position in order for the Money Merge Account to work.
2.) An Advanced Line of Credit (ALOC)
The Money Merge Account program uses an advanced equity line of credit as a vehicle 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.
Note: Most HELOC's (Home Equity Line of Credit) and secured/unsecured PLOC's (Personal Line of Credit) meet these requirements.
3.) MMA software The online Money Merge Account system makes a virtual connection between your bank account, the advanced line of credit, and your primary mortgage. Each time you transfer 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 under this system.
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