I have the philosophy in life that generally people are smart and do the best they can.
The Money Merge software is a product of United First Financial, this software is, has, and will help many average homeowners save a ton interest on their mortgage.
There seams to be a debate over whether or not you can do this on your own or not. Let’s look at the design and the concept. The Money Merge Software uses mortgage products already in existence, i.e. a first mortgage (closed ended loan) and a home equity line (open ended loan). The concept is to run your entire cash flow through your home equity line and make large payments towards your first mortgage. This formula cancels out interest and knocks years off your ultimate payoff. Yes, in my opinion can you do this on your own, because anyone (with the proper credit) can access these mortgage products from the banking and mortgage industry.
I think the real question is, can you be as efficient on your own as the Money Merge software? So let’s imagine you have both a first mortgage and a home equity line in place, you start running all your cash flow through the home equity line. When do you send the first large payment to your first mortgage and how much do you send? How long do you wait to send the next large payment and how much is that one? Have you been as efficient as the Money Merge software? Now lets ad some real life variables in the mix. You have sent your first large payment towards your first mortgage and your transmission on your car goes out. You are running all your cash flow through your home equity line so you make another large payment to the transmission shop. How does this affect your overall picture and now how long should you wait to send the next large payment to your first mortgage with this new variable? Now you have an unexpected doctor bill etc, etc, etc. So yes you can do this on your own, but how much time and effort is needed? Have you been as effective as the software? The interest on the home equity line is normally higher than your first mortgage, so it is important from and efficiency stand point to move your funds at the optimal time and in the optimal amount.
Yes there are e-books that can assist you for $97.00 on the internet, and there are free spread sheets that can do some of the work, but in my opinion they can not replace the efficiencies of the software. Its like thinking because a typewriter can write a letter, you don’t need your computer and Microsoft Word. The computer coupled with the software gives you a lot more efficiencies. You can cut down a tree with a hand saw or a power saw they both work, but one is a lot faster and takes a lot less time and energy. United First Financial has spent millions of dollars on the development and deployment of this software and is continuing to spend millions on its future development.
Anyone can go on the internet and get a free operating system but you do not see very many people doing this, why? No support, no one to call if something goes wrong, and most other software programs you would buy may not be compatible, it is very risky and there is no support. So most of us don’t use free operating systems, we pay Microsoft or Apple for a operating system that has unique development and support included.
United First Financial is a company in good standing and has a strong track record. You not only get the software and all the updates for life, you get your own personal customer support representative who you can call anytime. You have an internet based software product that is accessible almost anywhere in the world that you can get an internet connection. That means you are not alone and have the expertise of the entire company working for you. You have a staff of highly evolved software developers that have built and are continuing to find efficiencies and build them in. You have version after version, and in each new version you have new features and more efficiencies. Let’s be honest, we all know that we get what we pay for in life. You can get a brand new $12,000.00 car or you can get a $60,000.00 car. They will both get you there, but one will get you there a lot faster, a lot safer, and in a lot more comfort than the other.
The 30 year mortgage was developed by the banking and mortgage industry to benefit them, not the average American homeowner. When change happens there are almost always skeptics, but the most valuable things in life in my opinion come from the unknown. This concept is not a scam it is just basic math, so whether you do it completely on your own, get a free spreadsheet, purchase an e-book, or get one of the software products now on the market, do it now as they all work! The question in my opinion is a question of efficiencies and support.
For most people their home will be the single most expensive purchase they make there entire life. Ninety seven percent (97%) of Americans retire at or below the poverty level. If you take all the mortgages in America that are held by people who have owned their homes for over ten years, they owe more now than ten years ago when they originally purchased their homes. Most American’s with a mortgage keep cashing out there equity and digging a deeper hole. This product works for the average guy and has been designed for simplicity. If you can get on the internet you can do this, it only takes a few minutes a month.
I strongly invite you to make a substantial change in your life and make a life altering change to your financial picture, do a free analysis with a competent United First agent, see how much money you can save in interest, and how many years you can shave off your mortgage. It won’t cost you a dime to have a free analysis done, but you can then have all the information you require to make a relaxed and informed decision. This is real money and it is your money!
Pay off your mortgage early and invest the savings or purchase more real estate, use the software to pay off the second property, do it again and again! Were will your mortgage balance be in 7-11 years? We all know what to do but 97% of Americans are not doing it
Albert Einstein once said that “the definition of insanity is doing the same thing over and over again and expecting different results” Will you just keep sending that mortgage payment?