money merge account

Typical Situation: Money Merge Account

Suppose you have a mortgage where you owe $250,000 and plan to pay it off over 30 years. If you were now 35 years old, you would pay off your mortgage just about the time you retire. This is represented with the blue area in the graph above.

Using a Mortgage Checking Account

Now suppose you make $6,000 each month. A typical person would deposit their paycheck in a checking account that earns 0% interest.

With the money merge account, you would deposit your entire $6,000 paycheck into your Mortgage Checking Account. This allows your money to work against your mortgage by reducing the balance you pay interest on to $244,000.As monthly expenses occur, money is paid back out of the account and the balance at the end of the month is near $250,000 again.

However, in the meantime, you saved money on the daily calculated interest of the mortgage.Over the life of the mortgage, this can save a substantial amount of interest. This is represented with the red area in the graph.

Impact on Retirement

We can then help you build for retirment often times leaving you with a retirment worth well more than the value of your home all within the same 30 years that it otherwise would have taken you to pay off your home.


If you are already saving for retirement, you would have that much more to retire on, or you could retire that much earlier.

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