say good bye to your mortgage and debt FAST with the money merge account

How to Say “Goodbye!” To Your Mortgage


…without refinancing your existing mortgage
…with little or no change to your lifestyle
…without altering your monthly spending budget


Imagine Life without a Mortgage
Would life be different for you if you didn’t have a mortgage payment? Have you
ever imagined owning your home FREE and CLEAR but didn’t think it was
possible? Now with the Money Merge Account™ program, it is possible; and
thousands of American homeowners are beginning to realize their dream of
home ownership – and now, you can too.

With this innovative new program, the average Money Merge Account customer
will pay off their 30 year mortgage in as little as 1/3 to 1/2 the time and potentially
save thousands of dollars in interest charges they’ll never have to pay the bank.
Sound too good to be true? Read on to see how this program works.


Money Works…But For Whom?
We all know that money is always working; it never takes a break. The question is, who is your money working for? I’ve heard it said that those who understand interest earn it, and those who don’t, pay it. On which side of this “interest coin” are you? Consider the following example. With a $200,000 mortgage at 6% interest, if you kept the loan for the full 30 years (and this is a “best-case” scenario), you would pay back a total of $431,677. That includes a whopping $231,677 in interest charges alone. Does it make sense to pay double for anything…especially for your largest expense? Would you pay double for your car, clothes, or television? Then why do we accept this when it comes to paying for our home? We have been convinced that this is completely normal and probably the only way.


Well there is a better way… a much better way. Yes, you could pay extra money
toward your principal balance now and then, but there are two major drawbacks
to this method. One, the average American homeowner does not have
thousands of dollars left over to pay extra to their mortgage every year. Two,
what happens if you do make an extra payment and you need that money back?
Or worse yet, what happens if you pay extra one month, and don’t have enough
the next month to make your payment? Do you think the bank will forgive you for
this month because you have paid extra in the past? I don’t think so! In our example above, it is clear to see that money is working for the bank. This is how they can pay you 1-2% on your checking or savings account, and loan it right back to you and all your friends at 6%. By the way, you only pay 6% if you keep the loan for the entire 30 year period. Most of that payment you make every month goes toward interest, and the average life of a mortgage in the
US is only about 5 years. This means you are paying a lot more than 6%, 7%, or even 8% interest. Do the math. I challenge you to check your statements and figure out how much you have paid on your mortgage since it began, versus how much has actually gone to principal. This is called your effective interest rate. Most effective interest rates are well over 500% for the first year of a 30 year mortgage.

A Better Way
The good news is that it DOES NOT have to be that way. There is a better way
to pay off your mortgage and it DOES NOT require bi-weekly payments. It DOES
NOT require paying extra money to principal every month. It DOES NOT require
you to refinance your primary mortgage. It DOES NOT even require you to raise
your monthly payment.

It DOES require a change in thinking and a change in how you use your money.
It really is that simple. Think about this. How much interest is the money in your
checking account earning you right now? How much interest is the money in your
checking account canceling right now? If you are like most American
homeowners, the answer to both questions is probably ZERO.

The simplest reason that the Money Merge Account program works is that it directs your money so that it is canceling interest. How does it do this? Instead of leaving “idle” or “stale” money in your checking account each month, waiting for it to be spent on your bills, you can have your money sitting in your mortgage while it waits to be spent. By doing this, your money is working for you, canceling interest every day, hour, minute, and second the money sits in your mortgage.


Three Components
There are three main components to the Money Merge Account system:
The Money Merge Account web-based software
Your 1st Mortgage
An Advanced Line of Credit (ALOC), Personal Line of Credit, Business line of credit, Credit card.

Your 1st mortgage is a closed-end loan. This means that your monthly interest
charges are calculated on the MONTH END balance. Your monthly statement
reflects the month end balance of your mortgage, not the average daily balance.
This closed end system also prohibits you from getting any money back that you
have sent to go toward principal. In other words, as you pay down your principal
with regular monthly payments, that becomes the bank’s money and you cannot
get it back unless you refinance or sell your home. The direction that money
flows represents a one-way street. Money goes from you to the bank and NOT
the other way around.

An advanced line of credit is different, however. Most advanced line of credits come in the form of a Home Equity Line of Credit. These types of loans are open ended, which means interest is calculated on the AVERAGE DAILY balance, not the month end balance. In this type of system, money flows both directions. You can draw from your line of credit (think of it like a credit card) and you can make payments throughout the month, as many times as you want. Because the
interest you pay is based on the average daily balance, you can borrow large sums of money each month and pay it back by the end of the month, and therefore pay very little in interest charges. The advanced line of credit, or home equity line of credit, can function exactly as a primary checking account. Just as you deposit and withdraw money from your checking account, you can now deposit and withdraw money from your line of credit. The money that was sitting “idle” in your checking account can now work in your line of credit and cancel interest by keeping a low average daily balance. Most of us know that we can pay off our mortgage much more quickly if we send the bank any extra money we have, $100 here, $200 there, etc. The problem with that is most homeowners do not have extra money to send to the bank. With the open-ended home equity line of credit, we have “found” that money. We can draw from the line of credit to pay down a large chunk of the principal balance, but instead of paying 8%, 9%, 10%, or more on the money we borrowed from that credit line, we are paying far less (1%-3% in most cases), because of the way we use the line of credit.

For example…if you transfer $5,000 in month 1 on your $200,000 thirty year
mortgage at 6% interest, you would shave off over 22 months of payments and
over $23,000 in interest – just with that one transfer. You would immediately
reduce the mortgage balance to $195,000 and each and every monthly payment
you make from here on out, would have more going to principal and less going to
interest than if you hadn’t made that transfer. You have adjusted the bank’s
amortization schedule in your favor – it’s like fast-forwarding 22 months!

$5,000 balance on my line of credit?
Because you are using your line of credit as your checking account, you will deposit your paychecks ($5,000) for the month. This will decrease the average daily balance, and, as you spend money on your bills and expenses, will gradually raise it throughout the month. At the end of the month, you will have a balance of $4,500 (because you have $500 in discretionary income), but you will only pay interest on about $2,000 of that balance.

In summation, you borrowed $5,000 from the line of credit to pay down the principal balance on your 1st mortgage, but you were only charged interest on approximately $2,000 of that balance. In essence, you floated $3,000 of the bank’s money that you used to pay down your principal balance. That is the power of the Money Merge Account system! At the end of each month, as you pay down the balance another $500, your line of credit will gradually decrease (because you are making more than you are spending). Pretty soon, as the balance nears zero, the software will prompt you to transfer another chunk of money to pay down the principal balance on the 1st mortgage. You will proceed with this process until your 1st mortgage and your home equity line of credit are paid to zero. This process usually takes between 7 and 15 years for the average homeowner, but your situation may be better or worse. That is why it is important to get a FREE analysis done by an independent software agent to make sure the program can help you (see http://www.mortgagefreefinancial.net/ for your FREE analysis).

Why do I need the software?
The software is your “financial GPS” that ties everything together. Now that you will be using your money in a greater capacity, you need more than just a roadmap (spreadsheet); you need a live, dynamic program that adjusts with you (like a GPS). You see, the software is the BRAINS of the whole system. You may be wondering, “How do I know how much money to transfer, and when?” This is the purpose of the software. It does the work for you. The advanced mathematical algorithms are based on your specific numbers: monthly net income, monthly expenses, principal balance on your 1st mortgage, and principal balance on your line of credit. The software coaches you to the fastest way to zero. We all know that setting up a budget is easy; sticking to it is the hard part. We also know that your income and expenses will be different from month to month – that is just life. The software tracks every penny that comes in and every penny that goes out, and gives you specific dollar amounts (down to the penny) and specific dates to transfer money from your line of credit to your 1st mortgage. These transfers will not be regular in regard to amount or time – the software determines what is best for you. The math algorithms in the software took a GE Aeronautics engineer nearly 2 years to perfect! There is no way we can constantly monitor and adjust our income and expenses to know exactly how and when to transfer the money to our 1st mortgage. That is the job of your personal Money Merge Account software. If you transfer too much, you will pay too much interest on the HELOC; if you transfer too little, you will not maximize interest cancellation on the larger, primary mortgage.


Why can’t I do this myself?
The question is not “can I do this myself?” but “Will you do this yourself?” Simply put, you can do this yourself, IF you took the time to set up a complicated preadsheet, IF you adjusted that spreadsheet on a daily basis, IF you constantly updated it as your income and expenses changed every month, IF you had the discipline to continue the monotonous daily calculations, IF you could look forward to the actual payoff date whenever you wanted, IF you had the time
and energy to continue this process for the 5, 10, or 15 years it would take to pay off your mortgage. Do you think people pay big money for a personal trainer around the beginning of January because they need someone to show them how to lift a dumbbell? No! They pay the money because they know if they invest the money, and invest the time, they will have a much greater chance of succeeding in their weight loss and fitness goals. They know they need some education, some motivation, and some inspiration to help them accomplish their goals. The same is true when it comes to paying off your mortgage. You might start out great for three or four months, but as soon as the car breaks down, or the kid needs soccer shoes, or [fill in your excuse here], you find a reason to forget about the whole thing and give up. If you made a one-time investment for the software (there are no monthly or annual fees), don’t you think you would be more motivated, disciplined, and encouraged to continue the program until your
mortgage is paid off, especially when it takes only 10-15 minutes a month to update? Is a small, upfront investment and 10-15 minutes a month worth saving tens or even hundreds of thousands of dollars in interest over the next 5, 10, or 15 years?


Why can’t I make extra principal payments to my primary mortgage and
achieve the same results?
Simply put, the mathematics behind the Money Merge Account program present a sophisticated process that has a substantial financial benefit over increasing your monthly payments. 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. The math engines programmed in the Money Merge Account system calculate the specific timing and dollar amounts required to produce the most optimum savings on each individual mortgage and
overall financial situation. If I am not increasing the monthly payments on my mortgage, how can this program be possible? The Money Merge Account system makes a 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 in which interest accrues. By decreasing the balance in which interest accrues, you increase the portion of your monthly payment which is credited toward your principal pay down. The Money Merge Account system determines the specific timing and amounts for each transfer required to produce the quickest payoff time and highest interest savings possible. There are also multiple financial options programmed into the Money Merge Account software, which assist homeowners in paying down their mortgage as soon as possible.

Why am I applying for a line of credit, and how is it associated with my
savings and checking accounts?
The Money Merge Account program uses the equity line of credit solely as a vehicle or a tool to drive the program. The Money Merge Account system is coordinated through systems created by United First Financial and works independently of the lender. The equity line of credit must have the capacity to operate similar 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 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.


Why would I want to pay off my mortgage?
It is my biggest tax write off! The interest you pay on your mortgage may be tax deductible. Most of us understand that. But don’t be fooled! For every dollar you pay the bank in
interest, you will receive $0.33 in tax savings (assuming a 33% tax bracket). This produces a net out-of-pocket expense of $0.67 for keeping your mortgage. Wouldn’t you rather just keep the dollar and come out ahead? You should always discuss your tax situation with a qualified tax professional. Besides, if you are mortgage-free and still want a tax deduction, maybe you can pay your neighbor’s mortgage instead! I’m sure they would be happy to oblige! To find out more about how the Money Merge Account can work for you, including obtaining your FREE mortgage analysis, contact us right away. You have nothing to lose but years off your mortgage!

Isn't it time to start making your hard earned money WORK for you instead of the BANKS?

Call us today! 407 319-3369

Visit us on the web http://www.mortgagefreefinancial.net/