United First Financial Reviews

You’re right, this will only work if you have positive cashflow in your checking/savings account ever month. Additional payments are defintly the way to go, but unfortunatly we lack consistency. If you are disiplined enough to make additonal payments every month then do it. I know the mma presentations suck and whoever created them should be fired, but the program does work very well.

Hopefully this will make it more clear…
(Same examle in the video)
$200,000 loan

6%

$1,199 payment

30 years

$431,677 total

$231,677 in pure interest.. Hopefully we can agree that this doesn’t make sense.. Not only do we pay double but we pay off this interest first. Also keep in mind that statistics show that people move or refinance ever 7 years, so they never get to the heavy principal contributions..

(bear with me..)

If we wanted to apply $5,000 additional principal or $6,199 payment. We would decrease our schedule payments by 23 months and save $23,304.

Sounds like a Good deal..but most of our customers don’t have this kind of money laying around..

So we instruct our customers how to use the line of credit as a checking or savings. Deposit all income and pay all debts…I know you’ve heard this before, but it gets better…Having our money sitting in a ch/sv is not efficient.. Instead of using the line of credit to pay for bills, what if we just used one credit card (with rewards)(That has a latter billing cycle than the line of credit. )

Example:

Customers make $5,000 a month and have $4,000 of living expense, i.e. mortgage, groceries, car payment, going out, etc.

Steps:

Move $5,000 from Home equity line of credit payable towards equity, or principal contribution.
Use credit card to pay for all expenses-$4,000 on credit card( latter billing cycle than line of credit)
Deposit our paycheck which leaves us with a balance owed of $0 interest in line of credit. We decreased our schedule payments by 23 months and saved $23,304..Sounds good to me.

Pay off the credit card in full. Which leaves you with a balance owed on the line of credit of 4k, and no interest on the credit card. The more money you have leftover the more you are going to be able to duplicate this process. Also consider the tax savings from the Heloc!

This is creates an auto system towards paying off your home as fast as possible with leftover money and some other concepts. There are a lot of variables to make this process run. This is what the mma does, mangages the concepts and takes out the guess work. Keep in mind there are other concepts to make this work even better. U1st does have a good product..

Keep in mind that situations change every month, so the software adapts. This increases your equity much faster than any other technique, pays off your home, and saves you money bottomline.

Another key principal that helps is bi-weekly type savings. I know U1st doesn’t want to give out all the info but geez, tell it how it is.(build value somewhere.)( no one is going to watch a confusing 45 min product plan)

You can do this on your own, but most peole will gladly pay $3500 if it gurantees them paying off their home in 1/2 time and saving $100,000-$200,000. Should it be cheaper? 4 sure!, but it’s not my company to decide what people would pay for such a service. If you want to develop a better cheaper product then do it! Hopefully you can all find what your looking for..

I have researched the Money Merge Account offered by United First Financial. If you follow the prompts offered by the software it works risk free. That said, I’d like to address the $3,500 cost of the software. I’ve come to the realization that people are willing to pay large sums of money for tangible items (cars etc.) and labor-intensive services (new roof for the house etc.). They never say “I can do that myself.” or “I’m being overcharged.” I think everyone would agree that a $30,000 car does not cost anywhere near $30,000 to manufacture. And, a $6,000 roof does not use anywhere near $6,000 in material. But when it comes to the financial world everyone thinks they can do it themselves — from buying and selling stocks to using Turbo Tax to do their income tax. If you have time to research stocks and time to keep up on the tax laws then by all means do these tasks yourself. However, if you don’t have the time, or perhaps just don’t want to do these tasks, there is nothing wrong with hiring someone else.

Buying the MMA software is just like hiring someone to figure out the amoritzation formula for you. That may make it expensive, but it doesn’t make it a scam. One of the aspects I liked about it the program was that when you were done paying off your house and other debt, you were also done paying of your home equity line of credit. In other words, you weren’t just trading one debt for another. In the example shown to me, I would pay off a 28 year mortgage, plus another $50,000 in loans in 10 years. At the end of the 10 years I would own my home and not owe a dime to the line of credit. I haven’t done it, but I would be foolish not to at least consider it.

Yes some think $4,000 is a lot of money for a soft ware program that you can use to save tens of thousands of dollars. Being a mortgage loan officer working for the nations largest mortgage brokers, the CMG program mentioned will have a higher interest rate than you would normally quailfy for and work in a similar fashion to the United First program. If you are not buying the home you want to use the CMG loan you will have to pay closing cost to refinance your home and you can only use it as long as you have that loan.

I am doing research on the United First Financial program and know several people that are using it. I have run the numbers and the program works. I have also looked at it for investment homes and it can also be used for comercial property. You can use the program for your current loan as well as any loans you may have on that property or any other home you have in the future. Looking at the flexibility you gain with the United First program it may be well worth the money since you do not have to refinance your home to use it. The software also will work on any other type of installment debt.

Most banks will open a HELOC with out any charge as long as you leave it open for 2 to 3 years. So once you have that in place you can use it with out being charged closing cost to use United First software.

As with any financial decission you should always do your homework and make the best decision for your family. That is why I have looked at this program and realize that the software does more for you than you could even with an advisor helping you.