MMA (Money Merge Account) ALERT!!

[TrustedTruth]

:)
You can get the SAME "MMA" type product for only $30. Read this article from bankrate.com.

BankRate.com

WHY IN THE WORLD WOULD YOU PAY $3,500 for a online spreadsheet/calculator that YOU have to fill out and maintain every month.

This article shows you how you can get the exact same product for only $30. The guy selling you the MMA is making anywhere from $700 up to $1500 a month. His upline makes a cut of that as well. This company is MLM in every sense of the word. Good product but WAY too expensive.

http://www.bankrate.com/yho/news/mor...ortgage_a1.asp

[anthonyt2325]

Firstly $3500 does not provide access to a spreasheet/calculator. The $3500 investment is for financial software that will allow the average homeowner to cut the term of their mortgage and save thousands of dollars in mortgage interest.

The product referered to in the bankrate.com article is not the same type of program. They are as different as can be. It is true that the product is a MLM opportunity but so what? Have you ever heard of Avon?

You're right....it is a great product but I personally don't feel it's overpriced. Hmmm $3500 investment to save myself over $200,000 in interest. Can you please show me any other product or service that will allow me to invest $3500 and provide me with a return of over $200,000?

[tdenny]

Originally Posted by anthonyt2325

Firstly $3500 does not provide access to a spreasheet/calculator. The $3500 investment is for financial software that will allow the average homeowner to cut the term of their mortgage and save thousands of dollars in mortgage interest.

The product referered to in the bankrate.com article is not the same type of program. They are as different as can be. It is true that the product is a MLM opportunity but so what? Have you ever heard of Avon?

You're right....it is a great product but I personally don't feel it's overpriced. Hmmm $3500 investment to save myself over $200,000 in interest. Can you please show me any other product or service that will allow me to invest $3500 and provide me with a return of over $200,000?

Look out what you say folks to this guy!! He is saying you could be sued for slander!! LMAO!!

I would say from what I read, it's the people who are representing this company in very rude way's are mocked moreso than the company, which they should be!!

Gonna sue me pal!! Your threats like that hurt your credibility too partner!!

TD

[anthonyt2325]

Originally Posted by tdenny

Look out what you say folks to this guy!! He is saying you could be sued for slander!! LMAO!!

I would say from what I read, it's the people who are representing this company in very rude way's are mocked moreso than the company, which they should be!!

Gonna sue me pal!! Your threats like that hurt your credibility too partner!!

TD

I am all for a forum where the general public is alerted to actual scams but there is a huge difference between a scam and what a person "thinks" is a scam. Sure everyone is entitled to their opinion but it's a bit sad to read posts about a company that is selling a product that helps people being written about as if it were scam.

Since you strongly feel this is a scam perhaps you can back up what you're writing. Please post a complaint in this thread from a user of the program that feels they have been scammed. Please also post any findings you may have from any governmental agency that states that United First Financial scams people out of their money.

You'll be hard pressed to find anything mentioned above as I heavily researched the company prior to joining. It seems to me the only people who have negative comments about the company are those who feel they can do it on their own or those who don't understand the program. I myself thought the program sounded too good to be true when I first found out about it. I just didn't understand it after viewing the video presentation the first time around.

Lastly, when did I say I was going to "sue you"? Had a made that comment I would stand by it, but I don't believe my credibility is the one being hurt here.
I strongly believe that if any person is going to post negative comments about a company, especially on a site like Scam.com, they would at least have the courtesy to have some sort of basis or foundation for their accusations before potentially damaging the reputation of a company.

[tdenny]

Originally Posted by anthonyt2325

I am all for a forum where the general public is alerted to actual scams but there is a huge difference between a scam and what a person "thinks" is a scam. Sure everyone is entitled to their opinion but it's a bit sad to read posts about a company that is selling a product that helps people being written about as if it were scam.

Since you strongly feel this is a scam perhaps you can back up what you're writing. Please post a complaint in this thread from a user of the program that feels they have been scammed. Please also post any findings you may have from any governmental agency that states that United First Financial scams people out of their money.

You'll be hard pressed to find anything mentioned above as I heavily researched the company prior to joining. It seems to me the only people who have negative comments about the company are those who feel they can do it on their own or those who don't understand the program. I myself thought the program sounded too good to be true when I first found out about it. I just didn't understand it after viewing the video presentation the first time around.

Lastly, when did I say I was going to "sue you"? Had a made that comment I would stand by it, but I don't believe my credibility is the one being hurt here.
I strongly believe that if any person is going to post negative comments about a company, especially on a site like Scam.com, they would at least have the courtesy to have some sort of basis or foundation for their accusations before potentially damaging the reputation of a company.

I took a look too at what he said. He said from the views presented the one's who held degrees provided the most convincing points. The opposition who were for the program were using beligerent degrading remarks to the people they disagreed with.

He said look at posts, 20 21, and 22 which I did and found his views to be substantiated. Did you read those posts. They were from degreed individuals stating their opinion!!

That is an american right called free speech..Even if they are wrong welcome to america!! They are entitled to be wrong, just as the goons who represented the company were inflaming maniacs calling people mental midgets, and all the other unprofessional and low grade antics. They are protected as well under free speech.

When disagreed with the people who call slander, libel are just hypocrites for the freedoms they don't allow others to use, they themselves use to even worse degrees than the offenses they say are committed against a third party much less the first party for which they insite slander, defamation and everything else.

People are entitled to speak their mind without worry of your kinds of threats hounding them to subvert their American Rights!!

TD

[anthonyt2325]

Originally Posted by tdenny

I took a look too at what he said. He said from the views presented the one's who held degrees provided the most convincing points. The opposition who were for the program were using beligerent degrading remarks to the people they disagreed with.

He said look at posts, 20 21, and 22 which I did and found his views to be substantiated. Did you read those posts. They were from degreed individuals stating their opinion!! TD

I did indeed read those posts and in my opinion disagree with their assertions. As they are entitled to their opinions so am I. What difference does it make that the posts were made by degreed individuals? I myself hold a degree. Does this mean that my opinion bears more weight or is any more correct than an individual who does not hold a degree? A degree does not make one person more intelligent than the next.

Originally Posted by tdenny

That is an american right called free speech..Even if they are wrong welcome to america!! They are entitled to be wrong, just as the goons who represented the company were inflaming maniacs calling people mental midgets, and all the other unprofessional and low grade antics. They are protected as well under free speech.TD

Absolutely, freedom of speech it what makes America the country that it is. I myself could not imagine living in a country that does not afford the freedom that we are provided by being citizens of our great country.

Originally Posted by tdenny

When disagreed with the people who call slander, libel are just hypocrites for the freedoms they don't allow others to use, they themselves use to even worse degrees than the offenses they say are committed against a third party much less the first party for which they insite slander, defamation and everything else.

People are entitled to speak their mind without worry of your kinds of threats hounding them to subvert their American Rights!! TD

There is a huge difference between freedom of speech and yelling fire in a packed movie theatre. Freedom of speech does not mean that we as American's can always so what we want with no repercussions. If this were the case there would be no such terms as slander or libel.

The problem that I have with the threads concerning the MMA product and United First Financial is that individuals are stating that the company and the product is a scam without providing any actual proof but rather making the assumption based on their personal opinions. Don't get me wrong, people are entitled to their opinions but I feel that when someone is making accusations against a company, especially on a site like Scam.com, there would be some sort of substantiated proof that would accompany such accusations.

I strongly feel that to those who feel that the product is a scam should at least provide some sort of factual basis for their claims. How about providing links to a governmental agency showing complaints from consumers or fines and penalties that have been levied upon the company for making false claims?

Until some sort of factual proof is furnished I will maintain my position that the MMA product is a good product, will benefit many and is far from being a scam. As with any product, it may not be right for everyone but can help many become mortgage free sooner.

[tdenny]

Originally Posted by anthonyt2325

I did indeed read those posts and in my opinion disagree with their assertions. As they are entitled to their opinions so am I. What difference does it make that the posts were made by degreed individuals? I myself hold a degree. Does this mean that my opinion bears more weight or is any more correct than an individual who does not hold a degree? A degree does not make one person more intelligent than the next.




Absolutely, freedom of speech it what makes America the country that it is. I myself could not imagine living in a country that does not afford the freedom that we are provided by being citizens of our great country.



There is a huge difference between freedom of speech and yelling fire in a packed movie theatre. Freedom of speech does not mean that we as American's can always so what we want with no repercussions. If this were the case there would be no such terms as slander or libel.

The problem that I have with the threads concerning the MMA product and United First Financial is that individuals are stating that the company and the product is a scam without providing any actual proof but rather making the assumption based on their personal opinions. Don't get me wrong, people are entitled to their opinions but I feel that when someone is making accusations against a company, especially on a site like Scam.com, there would be some sort of substantiated proof that would accompany such accusations.

I strongly feel that to those who feel that the product is a scam should at least provide some sort of factual basis for their claims. How about providing links to a governmental agency showing complaints from consumers or fines and penalties that have been levied upon the company for making false claims?

Until some sort of factual proof is furnished I will maintain my position that the MMA product is a good product, will benefit many and is far from being a scam. As with any product, it may not be right for everyone but can help many become mortgage free sooner.

I totally disagree when compared to yelling fire!! It is not a correct comparison where it endagers others lives!! This is personal harm potential. However we have rights to be wrong and dead wrong without the fear of being prosecuted or threatened as these lame brains have done.

Secondly, I hold 2 degrees myself, but again you fail to get the point. If I am to listen to two people argue a point I am going to listen to the one that is the most articulate without degrading language like this person used, and secondly I am going to take a look at credentials.

That is the point.. It is a comparison between the people at the moment debating a point of view or topic. In this case between the degreed and the disparging remarks of the opponent I am going to listen to the one who shows the best articulation and demeanor as well as credentials.

Please keep that in mind. It's all opinion and it is not fire and it is not about degrees of profession, however when left with nothing else to compare, than these areas I pointed out most definitely come into play until something more credible is entered into the playing field.

I will confess it doesn't take degree to beat anyone that opens up a debate by saying their opponents are mental midgets and worse!!

Now, do you get the point I am making??

TD

[anthonyt2325]

I do get your point in that some of the individuals attempting to defend United First Financial against the accusations posted on this forum can and should have been more articulate in their defense.

Sure, people's lives are not in physical danger due to posts on this forum but can you see the point that I'm trying to make? People writing their opinions on a public forum about a company being fraudulent and attempting to scam consumers when in fact it's not the case can be damaging to a company.

If this were your company, would you want people making accusations against your product or service being fraudulent and a scam without any factual proof? Would you be ok with having your companies’ reputation potentially damaged due to these people’s opinions?

The main point I'm trying to make is that before a company is supposedly exposed for being a scam, especially on a site where the word scam is the entire basis for the site, shouldn't there be more than opinion involved?

[tdenny]

Originally Posted by anthonyt2325

I do get your point in that some of the individuals attempting to defend United First Financial against the accusations posted on this forum can and should have been more articulate in their defense.

Sure, people's lives are not in physical danger due to posts on this forum but can you see the point that I'm trying to make? People writing their opinions on a public forum about a company being fraudulent and attempting to scam consumers when in fact it's not the case can be damaging to a company.

If this were your company, would you want people making accusations against your product or service being fraudulent and a scam without any factual proof? Would you be ok with having your companies’ reputation potentially damaged due to these people’s opinions?

The main point I'm trying to make is that before a company is supposedly exposed for being a scam, especially on a site where the word scam is the entire basis for the site, shouldn't there be more than opinion involved?

Yes, I understand your point, but the fact of the matter that's happen's to be the right's of all American's!!

Just look how the President of the USA is portrayed on the media in front and behind closed doors. Much more defaming than this poor company!!

It's called welcome to America. Secondly, they took the risk of engaging MLM'r's ...They know walking in or should know, MLM businesses have horrifying reputations. But they give the company the advantage of low overhead. That is what comes with the beast.

You can't have it both way's. If they are so protective of their name, then they should expense themselves the traditional way of running a legit business, and that is bearing the cost of overhead.

So, you can't cry or they cry because people are naturally suspicious especially when in mlm anyone can do it and is qualified unlike the traditional methods where good legit companies pay an extreme expense to screen their employees!!

That's it in a nutshell..no violins on this thread especially for companies who want to cut corners and minimize their expenses by going mlm..

Signing off as one still not impressed!!

TD

[anthonyt2325]

Originally Posted by tdenny

Yes, I understand your point, but the fact of the matter that's happen's to be the right's of all American's!!

Just look how the President of the USA is portrayed on the media in front and behind closed doors. Much more defaming than this poor company!!

It's called welcome to America. Secondly, they took the risk of engaging MLM'r's ...They know walking in or should know, MLM businesses have horrifying reputations. But they give the company the advantage of low overhead. That is what comes with the beast.

You can't have it both way's. If they are so protective of their name, then they should expense themselves the traditional way of running a legit business, and that is bearing the cost of overhead.

So, you can't cry or they cry because people are naturally suspicious especially when in mlm anyone can do it and is qualified unlike the traditional methods where good legit companies pay an extreme expense to screen their employees!!

That's it in a nutshell..no violins on this thread especially for companies who want to cut corners and minimize their expenses by going mlm..

Signing off as one still not impressed!!

TD

Just because a company is MLM based does not mean that they cut corners. There are very lucrative and legitimiate MLM companies in existence today.

I have no problem with people being suspicous. What I have a problem with is people claiming their product is a scam when in fact it is not. There is a huge difference between suspicion and unfounded accustations.

I know we can go on and on for days or even weeks on this thread but nothing will really come of it. Let's just agree to disagree. As with any product or service there will be people who like it and others who will not. I guess the american consumer will be the best gauge as to how people feel about United First Financial's product.

[Huh-What?]

The problem I see with most threads in these forums is that "Scam" is often substituted for "In my opinion; price exceeds value."

A company can be perfectly legal and have no real value in their product/service.

Webster’s defines Scam as " a fraudulent or deceptive act or operation "*

Fraudulent and deceptive advertising is illegal. Having little value is not.


*http://www.m-w.com/dictionary/scam

[TrustedTruth]

FREE MMA type of product here -->

http://www.integramortgages.com/FinancialVOODOO

The only difference is that instead of logging in online to use a fancy calculator you just open the file on your desktop and your on your way.

[TrustedTruth]

FREE MMA type of product here -->

http://www.integramortgages.com/FinancialVOODOO
The only difference is that instead of logging in online to use a fancy calculator you just open the file on your desktop and your on your way.

The MMA is a great product but why pay $3500 for something you can now get for FREE? Thats all I am saying.. I never said MLM's are bad nore did I say UFF is bad. Just a little expensive. :D

[TrustedTruth]

Originally Posted by anthonyt2325

Firstly $3500 does not provide access to a spreasheet/calculator. The $3500 investment is for financial software that will allow the average homeowner to cut the term of their mortgage and save thousands of dollars in mortgage interest.

The product referered to in the bankrate.com article is not the same type of program. They are as different as can be. It is true that the product is a MLM opportunity but so what? Have you ever heard of Avon?

You're right....it is a great product but I personally don't feel it's overpriced. Hmmm $3500 investment to save myself over $200,000 in interest. Can you please show me any other product or service that will allow me to invest $3500 and provide me with a return of over $200,000?

I found a FREE MMA Type product here: http://www.integramortgages.com/FinancialVOODOO

Why pay $3,500 for a great product you can get for FREE. UFF is MLM so they have to charge that in order to pay the downline / upline. If you want to pay that then go for it. I hope this helps those of us that don't have $3500 to spend.

[TrustedTruth]

I FOUND A FREE MMA Type product here: http://www.integramortgages.com/FinancialVOODOO

Why pay $3,500 for a great product you can get for FREE. UFF is MLM so they have to charge that in order to pay the downline / upline. If you want to pay that then go for it. I hope this helps those of us that don't have $3500 to spend.

[TrustedTruth]

Originally Posted by TrustedTruth

:)
You can get the SAME "MMA" type product for only $30. Read this article from bankrate.com.

BankRate.com

WHY IN THE WORLD WOULD YOU PAY $3,500 for a online spreadsheet/calculator that YOU have to fill out and maintain every month.

This article shows you how you can get the exact same product for only $30. The guy selling you the MMA is making anywhere from $700 up to $1500 a month. His upline makes a cut of that as well. This company is MLM in every sense of the word. Good product but WAY too expensive.

http://www.bankrate.com/yho/news/mor...ortgage_a1.asp

I FOUND A FREE MMA Type product here:

http://www.integramortgages.com/FinancialVOODOO

Why pay $3,500 for a great product you can get for FREE. UFF is MLM so they have to charge that in order to pay the downline / upline. If you want to pay that then go for it. I hope this helps those of us that don't have $3500 to spend.

[Wisdomsvoice]

It seems to me that Trusted Truth did not read the Article written by Bank Rate. It (The Article) seemed to have a positive spin on the Accelerated Mortgage Programs available out there? The fact that MMA is 3500.00 is only relevent if it is not worth that amount of money. Further investigation into the program may reveal that MMA is more than a Mortgage Accelerator to the Consumer.... Perhaps a much closer look at the program/software will satisfy the investment?

[TrustedTruth]

Originally Posted by Wisdomsvoice

It seems to me that Trusted Truth did not read the Article written by Bank Rate. It (The Article) seemed to have a positive spin on the Accelerated Mortgage Programs available out there? The fact that MMA is 3500.00 is only relevent if it is not worth that amount of money. Further investigation into the program may reveal that MMA is more than a Mortgage Accelerator to the Consumer.... Perhaps a much closer look at the program/software will satisfy the investment?

Sure it had a positive spin on it. It is a great product. I am just trying to help those people who don't have or want to spend $3500 for a online spreadsheet that they can get for free. This company is giving it away for free. All you have to do is request it and there are no strings attached. he just e-mails it to you. If you want to spend $3500 then go for it. No one is stopping you!

http://www.integramortgages.com/FinancialVOODOO

[cigs645]

Originally Posted by Wisdomsvoice

It seems to me that Trusted Truth did not read the Article written by Bank Rate. It (The Article) seemed to have a positive spin on the Accelerated Mortgage Programs available out there? The fact that MMA is 3500.00 is only relevent if it is not worth that amount of money. Further investigation into the program may reveal that MMA is more than a Mortgage Accelerator to the Consumer.... Perhaps a much closer look at the program/software will satisfy the investment?

It is a great product Wisdomvoice . I just can't see why ,if you are living paycheck to paycheck ,you need or would want to pay $3500 up front and $30 a month for the same product other companies are offering for free.

[anthonyt2325]

Originally Posted by TrustedTruth

FREE MMA type of product here -->

http://www.integramortgages.com/FinancialVOODOO

The only difference is that instead of logging in online to use a fancy calculator you just open the file on your desktop and your on your way.

Can an Excel spreadsheet calculate daily interest and average monthy interest on the HELOC balance? Will the excel spreadsheet also tell me when to make a lump sum payment so that I can maximize my interest savings?

Bottom line is you pay for what you get and I feel that there is now way that an Excel spreadhseet will allow me to come close to the savings that the MMA product will.

[anthonyt2325]

Originally Posted by cigs645

It is a great product Wisdomvoice . I just can't see why ,if you are living paycheck to paycheck ,you need or would want to pay $3500 up front and $30 a month for the same product other companies are offering for free.

Companies can offer their product for free because it is not the same product.

[cigs645]

Originally Posted by anthonyt2325

Companies can offer their product for free because it is not the same product.

How is not the same thing? looks the same to me . they offer their product for free because by extending a home equity line of credit they are making enough money without the network marketer like United who gets the $3500 and $30 a month fee.

[anthonyt2325]

Originally Posted by cigs645

How is not the same thing? looks the same to me . they offer their product for free because by extending a home equity line of credit they are making enough money without the network marketer like United who gets the $3500 and $30 a month fee.

Looks the same and works the same are two different things. There is no $30 a month fee to the company. The only fee is the $3500 cost for lifetime access and customer support for their software program. Unless the spreadsheet calculates daily interest and actually prompts you when to utlize the MMA it's not the same thing.

[FeaturedTV]

I appreciate your posts Anthony. You are correct, there is not a $30 fee per month. Who knows where that came from. An assumption I presume. The MMA provides a complete financial dashboard for all your finances and paying off a mortgage is just one part of it. Yes, there is so much more. Many thousands of agents come from the financial industry itself, experts in the field. That says quite a bit about the company and it's product.
The one time (money back guaranteed) investment of $3500 covers a lifetime of customer support, and provides all new upgrades free as they continue to enhance and improve upon the software.
The $3500 can be taken straight from your equity with no out of pocket and be paid back easily in just a few months... Many thousands of homeowners are now using and enjoying it's benefits. In fact, I do know homeowners who are saving over $200,000 in interest just on their home and I do believe that is well worth the investment.
I have reviewed several of the "so-called" mortgage accelerators and not one comes close to the functionality the MMA provides to it's clients. The software is very user friendly and takes just 10 minutes a month to use. No one touches your money but you. You become the banker without all the complicated mathematical figuring.
I have also personally attended several full day corporate seminars when they have come to my town to learn, educate myself and ask questions. We all know what assumptions can do. Those who make claim that it's a scam are apparently uninformed. Your retirement is in your home. Stop giving it away and leave a real inheritance (not a debt) to your loved ones when you move on and a healthy retirement while you are still here. Free up that money so you can purchase investment properties if you so chose. Get your life back or stay conventional. It's up to you.!
I have never witnessed a more caring company than United First Financial. My hats off to them for what they have developed.
For those who want to keep assuming it is a scam and can do better, continue shopping online and loading up on freebies. You get what you pay for!
Above all else, focus on what is good about it. Make a informed choice. This is your life. Always look towards the positive aspects and disregard the rest. Find ways to improve your current lifestyle and be careful about taking advice from the internet forums. Know the word scam has been very over used. Do your own legwork. Contact homeowners on the product. You will be glad you did.
Life is Good. :)

[MoneyManager]

First... let me address TwistedTruth.

What he is doing is capitalizing on the search engine results arising from searches on United First Financial. He knows that he can simply direct some of that traffic to HIS site by simply saying... look here!

The folks that do not take the time to do real research might fall for his ploy... not realizing that this is apples and oranges and that he is trying to sell his own programs... which have nothing to do with the Money Merge Account, paying off your mortgage, building equity and financial planning. I know nothing about his business and do not know if his programs have merit, or not. I do know that I question the integrity of his marketing ploy.

The point though is... NO ONE has a product like United First Financial. That is why two of the biggest banks in the country attempted to buy/license the software.

As for the MLM comments...

I agree... people get hung up on the MLM thing... In actuality though... the MLM thing is just semantics. The company is actually NOT an MLM in the sense that most of us think of MLM's.

Why?

Because it is using the same exact pay plan that Travelers Insurance used/uses for it's insurance agents ... because one of the owners of the company used to work for Travelers... and it is a plan that has been time tested and seems to take a lot of variables into account that contribute to a team building attitude and a way to compensate agents for however they feel comfortable participating.

Travelers insurance was founded in 1864 by the way. So it has been in business for 143 years... way before anyone heard of MLM.

Would you call Traveler's, and most of the other Insurance Companies MLM?

Why is the compensation plan so good? Because you do not have to recruit agents under you to make money... it is direct selling and you can do well with nothing but personal sales. This makes it ideal for, say, a CPA that wants to offer it to clients (we have many that are agents), but who does not want to distract from their regular business by having to manage a team of people.

If, however, you do recruit people under you, you are compensated for the time you spend training and mentoring them to be successfull. And, because you are compensated for that, you do not mind the time it takes away from your personal sales to do it. Right now we have mortgage brokers, and real estate agents that, because of the slow down in business right now, have more time to focus on building a team.... so, for them, this is a nice feature of the compensation plan.

Many insurance companies use similiar commission-override-bonus pool plans. When what we think of as MLM's got started... they modeled their compensation after these insurance plans... but then they took it a step further.

In my opinion, too far, in some instances.

For instance, in many MLMS the people selling the products are REQUIRED to buy them. Also. they can make just as much money, if not more, by recruiting, as by selling products.

In my opinion this is a flawed plan because...

If your products are really good - it should not be necessary to force sales this way.

If people are compensated for recruiting on top of that - then the whole thing comes close to looking like a financial pyramid scheme. IE: If the products are not sustainable in the market place on their own (and if you did not require your people to buy them), when there are no more people left to recuit, the thing would fall apart.

I think that those two features - requiring agent sales, and paying for recriting - are the flaws in the MLM business model, and why so many of them go out of business in less than 2 years.

However United First Financial does NOT operate this way.

United First Financial does NOT require it's agents to buy the software.

United First Financial agents do not make one DIME for recruiting agents. Nothing. Over-rides and bonuses are only earned when a sale is made.

Let me also note that UFF will not sell the product to anyone that does not have a mortgage, and the right kind of heloc, to use the program. If they do not, the sale will not be made. This is because of the money back guarantee and is part of the reason that they have ZERO complaints in the Better Business Bureau.

Let me note also that... UFF focuses on agents in the financial and real estate industries to represent the product becasue they are looking for PROFESSIONALS to represent them. ALL agents must complete the u1st University training program and pass 4 tests in order to earn commission.

But... the basic premise of your statement... that the fact many people mistake UFF for a MLM type company... has hurt their image a bit. I suspect it is why they implemented the U1st University training/accreditation program.

I suspect that the founders of United First Financial had no idea, when they launched this program last year, that it was going to explode the way it has. I do not think they were prepared, nor did they know, some of the issues that they were going to face in the way of skepticsm (from those who did not understand the math), or from people who were put off by the MLM-perception.

However, I have seen the highest level of professionalism from these people. They have addressed every problem that has arisen in the organization, are open to all suggesions and implement good ones quickly, and they have done a wonderful job handling their growth (right now about 33% a month).

I suspect that, as the months go by, we will see less and less people bringing up the MLM confusion thing. And, while the compensation CAN be very good, and there are a few people making HUGE monthly incomes ... those are people that joined the company last year... when this first got started. They have thousands of people in their organizations, and they came from financial industries where they had huge clients lists.

Can anyone have the potential to make that kind of money though? Sure, if they stick with it, and if they are the right kind of people. Will everyone? Of course not. Will it happen overnight? Of course not. The company is very clear that there is a 60-90 day learning curve before anything significant starts to happen. Right now though... because the company is in it's first year... it is still in what I call the Turnip-Stage. A TURNIP could do pretty well if they get on board now. Because there is still plenty of cream to be skimmed from the top... all anyone has to do is TURN-UP... and they can do OK... in fact, probably very well, in time.

However, are there people who can NOT sell this program? Absolutely. I have met several. This is a sophisticated financial product and not everyone gets their head wrapped around it well enough to explain it properly. Those people will do poorly, or drop out.

This product/company is like EVERY company/product. Some people will be successful... some not. Most of that depends on what the individual brings to the table in terms of integrity, motivation, time, intelligence, consistency.

However... again... the entire basis for success with this company is geared around one thing, and one thing only.... the product. The software is a financial tool that HELPS people. The founders of this company hate debt. They came from families that experienced the loss of their homes due to debt... and they talk about that on the video on the company web site. This is not just about paying off a mortgage ... it is about helping people build financial stability.

I personally feel that when you have a product that helps people.
A product that has integrity.
That is guaranteed to work... or your money back.
That saves you time and improves the quality of your life.

That there is absolutely nothing wrong with making a decent commission selling it.

United First Financial makes their clients QUALIFY for this program. They require Agents to send in very specific paperwork that they, and the client, sign off on. If the client does not have the right kind of loan products to buy this program, they will NOT SELL IT TO THEM. Also, because the client has to be financially stable enough to qualify for a HELOC ... even if there were a UFF agent that was less scrupulous... they would not be able to sell this program to the "wrong" clients. Their sales would be rejected by the company.

Bottom line... this program helps people. The kind of people that are attracted to this program are people that are already good with their finances... or those that want to be better. Also, because we know that 98% of our clients are logging in monthly... we know they are staying on track.

So... the worst case scenario with this product, for most people, is that they will be no worse off then they were before. If they lose their job, they still have the security of the nice low, fixed rate primary mortgage, plus the cushion of the heloc.

But... best case... they save $100K, $200K, build equity faster that can be used for investment, college, retirement, and they do it with a program that takes them about 10-20 minutes a month.... leaving them the quality time they want to spend with the people they love.

Hope this helps.

Sue :)

PS: This is math. It is simple to run out the numbers and see the result at the end. Also, is it a simple matter to compare your monthly mortgage statements against the software to see that you are getting the right results? Of course.

Again ...this is why this company, after selling 8000 of these to a variety of intelligent consumers... has ZERO ....0.... complaints in the Better Business Bureau.

SJ
http://www.u1stFinancial4u.com
407-697-8869

Profession: Tax strategy /tax law for the self employed.
Market: realtors, mortgage brokers, financial planners and insurance professionals.

[Money Merge Expert]

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. It is not for everyone.

Dear Trusted Truth,

It is my understanding that using large print that is red in color in a digital conversation is equal to yelling or screaming in a voice conversation. I would ask you to consider this in your conversations. You mentioned that the Money Merge software is a little pricy. I personally went to your website and down loaded the free excel spreadsheet that you provide. Thank you for your service and contribution to the exciting conversation about mortgage acceleration. I was however unable to perform a lot of the functions that I am able to perform with the Money Merge software.

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 and use this technique.

My personal opinion is that there are underlying issues here. The idea is to use as little of our own money to pay off our mortgage, it is simply a math formula. I would recommend to anyone that is going to use this technique, have a plan in place before you start so you know the starting and ending points and exactly how much you can save, i.e. different plans have different savings. With a plan you can look at the math and see what will be best for you. For example, a person uses a free spreadsheet to make their plan, once the plan is complete, they save $150,000.00 on their mortgage interest. Now they take the exact same apples to apples information and develop a competing plan with the Money Merge software and the save $185,000.00 using the software’s plan. Then they would subtract the software price ($3,500.00) from the $185K and they would end up with a savings of $181,500.00. So in this example the software saved an additional $31,500.00. This is real money and it is your money, so I am not saying which option will be the best, I am although saying to run the math through competing plans and pick the plan that saves you the most.

I would recommend and invite anyone who is serious about their savings to run a comparison before they take any action. So whether it is free spreadsheet against free spreadsheet, or free spreadsheet against free software, or free spreadsheet against purchased software, or purchased software against purchased software, or any combination, the point is, do the math first and have a plan to follow. Look for the most effective plan that requires the least amount of effort and time for your individual financial situation.

I also invite you to consider support, if you use a free spread sheet or a free software program, or a purchased software program. When you have a question are you the type of person that likes to be able to call a support team? If you are, look at the support features before you decide.

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.

I really enjoy this conversation of mortgage acceleration and appreciate each and every one of you that is contributing to it, as you all add value.

Is the United First Financial income opportunity an MLM? I believe that MLM stands for Multi Level Marketing. I would also offer that an MLM company takes the money that would normally be used for marketing and distributes it to the marketers but also has a compensation plan that creates leverage. So rather that a conventional marketing plan of i.e. TV, Radio, or Print Media the MLM company uses a marketing plan that is through personal networking. The industry is also called Network Marketing, and recently the industry has begun using the term Direct Sales.

Also, in my personal opinion, all of these terms are interchangeable so whether we use MLM, Network Marketing, or Direct Sales, we all know the business model and how it works. Yes I also believe that there are many types of different compensation plans within the industry, and that some of the characteristics in these pay plan are also used in the insurance and real estate industries as well.

The most recognized Company is Amway. The Amway Company and or Quixtar, is still a viable and growing company. The home based business industry is exploding and why not, most average Americans could use an extra $1,000.00 or more a month and this industry allows the average American to start a business for a very small amount of start up capital. In my humble opinion the problems arise because most people are not experienced in running a business and have the expectation that they can achieve success overnight. Network marketing is a real business that requires real work and is a viable option for many regular Americans to create leverage, without leverage all you have is your efforts and 24 hours in a day. Most wealth is created through leverage.

Network Marketing is a business with a marketing and compensation model that is not for everyone. I think a lot of people are tired of going to their family and friends and their families and friends are tired of us going to them. The interesting thing is that we are at a point in history that will be looked back on in my opinion as an event as exciting as the Industrial Revolution. This is brought about by the internet, for the first time in history the average guy can market on the same playing field with the big boys through pay-per-click advertising and we can reach and international market with a limited budget. I believe that to succeed in any business you must learn how to market and advertise, that way when you always can have new customers, you can market to people who are interested in what you have. United First Financial has a software product but they also have an income opportunity. You do not have to purchase the software to take advantage of the income opportunity or vise versa. So yes, I believe UFF is a Network Marketing/Direct Sales company, and that is a good thing. It allows me to earn a substantial income from the comfort of my own home spending 30 hrs a week. I treat it as a business and I am continuing to sharpen my marketing skills.

Last night I was invited to a real estate seminar that was given by Robert Allen an industry expert. He told us that he recommends that everyone develop multiple streams of income but he personally only develops residual streams. He highly recommends that you focus on the residual component. He is just launching a new Network Marketing company.

Dear Sue,

F.Y.I., there are no legal Network Marketing Companies in the US that pay a commission on recruiting as it is illegal. Only paying commission on a product sale is a key component in a legitimate Network Marketing Company.

I get excited when we have a conversation about wealth creation and look forward to continuing it with all of you.

To your eternal success and abundance!

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 and working that JOB?

"The man that understands interest will earn it, and the man that does not will pay it".....Albert Einstein

“If A equals success, then the formula is: A = X + Y + Z, X is work. Y is play. Z is keep your mouth shut.” Albert Einstein

I have certainly said enough.

Make it a fantastic day as you certainly deserve it!

P.S. Here is a link to an interesting NBC news story on the UFF Money Merge software

NBC News Story


Bart Saxey
The Money Merge Expert
www.MoneyMergeExpert.com

[ulikba]

As I understand it, this software is web based. So will I be paying $3500 and not get anything that I can use without going on-line? What if the company folded and the website disappeared? How will I know when to pay or what the amount of money to apply to my mortgage and HELOC since it is so complicated that I will not be able to figure it out on my own? Why can't they just give me the working stand-alone software version considering that they are asking me $3500 upfront for the privilege of using it? Oh, updates!!! Yes!! You don't have to worry about the updates since it is on-line. But this software is good only as long as the website is up. As soon as this company goes belly up, you are screwed.

[tmcloan]

I keep reading people talking that the MMA program is SCAM. But I don't here anyone complaining or talking about how the BANK get to charge the consumer all the interest and we keep payin it.

Amazing how is are society gone. We pay high interest and long terms, plus the GAS price is higher and the food is higher, but Some people think that paying all the interest to the bank is OKAY.

BR

[tmcloan]

:) I keep reading people talking that the MMA program is SCAM. But I don't here anyone complaining or talking about how the BANK get to charge the consumer all the interest and we keep payin it.

Amazing how is are society gone. We pay high interest and long terms, plus the GAS price is higher and the food is higher, but Some people think that paying all the interest to the bank is OKAY.

BR[/quote]

[tmcloan]

Well, If that is the problem, continue paing the mortgage the way you are paying it. I think you can come up with a better excused.

[bravcon]

I own a marketing business 6 years June. My third business. I was approached with the idea of becoming an UFF agent last month by one of my clients. It was a "too good to be true" pitch coming from someone I knew so it sparked my interest. Being my age (51) and of sound mind, I don't jump into anything without extensive research. I've been reading everything I can find regarding UFF and it's product. My findings:
UFF is a religious oriented company. The 2 founders are Morman with real estate and brokerage history. UFFs product "Money Merge Account" apparently is derived from the "Speed Equity System" software. I cannot say which is better due to the fact Harj Gill, originator of the idea 10 years ago in Australia, has placed a "Cease and Desist" against American Mortgage Educators and his product cannot be found at this time. This is the same product he vowed to give away to 1,000,000 mortgaged homeowners last June. That did not happen. He has promised, as late as the 22nd of this month, to place the software online as shareware by mid June. We'll see.
I have compared the numbers using the Money Merge Account, Mortgage Accelerator Plus and Mortgage Eliminator. The time frame for early payoff is close to the same, within a couple of years. The cost is a big difference up front. UFF asks a one time $3500 for their product and the others get into a set-up and monthly fee which varies. Over the course of the mortgage term there is no way to determine overall cost. If you refinance or purchase another home you will have to redo and spend again whereas UFF is for life and can be used with up to 5 other homes.
We Americans, for the most part, are monetarily undisplined. We see it, we like it, we want it and we buy it. The repercussions of payment are in the future. Most of us are not ignorant people but ignorant to certain things. From what I have read, along with asked and told, mortgages fall into that catagory. I speak for myself there. I am a pay on time and keep the roof over your head kind of guy. This will change.
I read alot of agents defending the product and themselves. I can't say that I blame them but some do come off as a little hyper and even abusive. That cannot go far towards gaining clientel. I read tons of skepticism from those that in words appear to be above average intellectually regarding this matter. I don't know them so I have to assume they are clever people. They can do this quick payoff themselves through various investments and financial planning. Most of us cannot. Again, we are not ignorant, simply uninformed.
I have yet to read anything from a disgruntled client either about the cost or the service. IF I was unhappy I would at least complain anonymously to forewarn others.
What is a MLM? Better yet, what isn't? Practically, everything you purchase did not come from or produced by the person you bought it from. They had to buy it to sell to you. And so on up the ladder. We, the consumer are the bottom rung. I see no difference here.
In closing; if there was a product named "Mortgage Reduction for the Common Idiot" and it saved me loads of money and time. I have to think it may be for me and millions of others. Do your own research and figure what's best for you. I've just about convinced myself.

[bigdon]

could someone tell me what % of interest savings comes from the mma program and what % of interest savings comes from extra money applied to the mortgage?

[willardredneck]

I'm confused or possibley thick headed. I looked at the UFF product and then tried it at bankrate.com. I used the $3500 for a one time principal reduction and then used my monthly disposable income to pay down the principal each month. It worked out that it paid it off faster than the UFF program. Can someone tell me what I'm missing? Is it reall worth the cost?

[bravcon]

Williard,
Most do not have $3500 laying around to do as you propose. If you do, then you are both confused as to what to do and/or thick headed (your words) regarding your money. My words in my post were uninformed and/or lazy.
I confess a month ago so was I.

[bigdon]

I am also confused. I had a UUF agent run an analyis today. I have 12 yrs. left on a 15 yr. loan. The monthly note is $624.40 with $512.50 of monthly discretionary income. Using the MMA software I could pay the loan off in 6.2yrs. Paying the extra income myself it would pay off in 5.8 yrs. and I would save $3500. Using the MMA at the end of 12 yrs. at 6% I would have $95,006 invested. If I invested the $512.40 of discretionary income myself at 6% at the end of 12 yrs. I would have $111,006 invested and still have my $3500. If these numbers are not correct then I am as thick headed as Willard.

[happyhomeowner]

Willard and Bigdon,
You may be able to beat the analysis by sending in all of your discretionary income but there are a few things to remember:
1-if you send in all of your discretionary income you will have nothing left in case of an emergency. The MMA allows you to send extra without losing access to it. You will still have access through your heloc
2-UFF preaches to underpromise and overdeliver. People typically do about 20% better than the analysis.
3-if you have a short month (car repairs, medical bills, etc) you won't have that amount of discretionary income to send in to your mortgage. How much difference will that make on the final payoff time? And what if you don't have enough to pay your bills that month? You will have to find it somehow.
4-you have to be willing to give up ALL extra spending for 6+ years to stay on track. The MMA gives you a visual to stay on track and adjusts that visual everytime something changes. It gives you room to breath and an easy way to bounce back after a temporary setback. The visual helps you stay focused because you immediately know the financial effect the setback has on your goal of being debt free.
5-not only do people typically do better than the analysis, but many people change their habits for the better. I have a friend who started this program and not realizing how much money she blew. Seeing the overall effect of her spending vs. her debt truly helped her make wiser spending decisions.
Just my 2 cents.

[bravcon]

Donl / Bigdon,
I tried to present an unbiased opinion based on the extensive research I’ve done in the past weeks. This product like any other, in any field, can’t be right for everyone. Can you imagine 1 cure-all for each profession? 1 pill, 1 make of car, 1 style of house, etc…
When you were approached by an agent and crunched the numbers afterward, and used the word “if”, I have to ask why? Is it because you are like millions of us doing nothing at this time?
I must say the way you attack the program I see an ulterior motive. Since you didn’t mention any other company or program, which do you work for?

[bigdon]

bravcon

I will continue to save my $512.50 every month.

[MoneyManager]

I have run the numbers on MMA against using my clients discretionary income alone and MOST of the time MMA will beat using all their discretionary income.

For instance... $270,000 mortgage with $200 in discretionary income. Throwing their $200 a month at the mortgage would pay them off in 22.75 years.

MMA will do it in 16.4 and save an extra $48,000 dollars in interest.

Will it do this for everyone? Most of the time ...yes. If they are in the first 10-20 years of a 30 year mortgage, or the first 5, or so, of a 15 year (if they have not already been accelerating on their own)

This will not necessarily be true of someone that is in the last few years of their mortgage... when they are already close to paying as much to principle as to interest.

Just this week, for the first time... I had someone approach me that had a 15 year loan and had already been doing a great job accelerating it on their own. When I ran their numbers I found that the results with the software were only about $1500 better than what they could achieve without buying the software.

For those folks I simply suggested they set up a heloc and keep dumping all their discretionary money into the mortgage to finish it off. HOWEVER... they were thinking of purchasing more real estate in the next year... so... because the software is portable to up to 5 homes... if they were going to make that other purchase... THEN they could justify the cost and the MMA would be an excellent investment (ROI) for them. I told them to contact me later if that ended up being the case.

The point here is... you CAN NOT know if you can do it on your own unless you have an ANALYSIS run so you have something to compare your own numbers to.

It costs nothing to do that... just contact any agent.... or me.

For my clients... I always do comparative analysis, in addition to the MMA one. For instance, I compare it to just using their discretionay income (if they have any). Also, I will compare to a CMG type mortgage, if they are looking at that... and to a bi-weekly... which we all know will only knock about 6-7 years off anyway.

Because the leveraging of the interest structure of the heloc against the primary mortgage, the value of the stagnant money, and the interest cancellation effect frees up money over and above what the homeowner could come up with on their own... MOST of the time MMA will give the best bottom line.

In fact, for most people in the beginning few years of a mortgage... we can knock off 10+ years... even if they have $0 discretionary dollars to use.

If you do not have much discretionary income... or ANY... how would you do that on your own?

As for Bigdon. I cannot really address your numbers. I suspect that you have already been paying that down yourself? Or, perhaps your income only comes in monthly?

Either of those would explain your results. But you did the smart thing... you MADE A COMPARISON. Sadly... many people will not even go to that trouble. They will make a decison based on assumptions.

However this is math... and comparing bottom lines is the only way to know the right way to go.

I do want to note though... The software used to run the ANALYSIS is not the same software that is sold. How it is different is this... the Analysis software only allows for monthly numbers to be input... except for income, which can be weekly, bi-weekly, monthly, etc.

This means that the Analysis software can only calculate the value of your stagnant money, and the interest calculation based on income/money coming IN. If your income comes in monthly.. it assumes your bills go out on the same day.

The REAL software is different though. IT know that your electric bill goes out on the 15th... and that it is $200, on average. This means it knows you have that $200 sitting around for 15 days. So it knows the value of your stagnant money based on money going OUT also. When you calculate that for every bill going out... this really adds up. It is truly nickels and dimes... but nickels and dimes thrown at your primary mortgage turns into dollars.

For instance... the value created by your stagnant money and the interest cancellation effect might just be $50 a month. But that will save you over $200 EVERY MONTH when you apply it to your mortgage... at least in the first years.

The REAL software performs better than the Analysis software. The State of Utah did an audit of United First Financial a few months ago... and they determined that...

98% of people were logging in monthly - on track.
Savings were (on avg) 20% better than expected
Helocs, while at 8-10% interest rates, were performing an an average of just over 3% effective interest.


Anyway... I suspect that many of the 8000+ people we have sold this program to have the same attitude one of my clients has... she is a real estate investor and said...

"I really do not care how it works, I can see it does. Just like I do not know exactly how my car works... but I trust that when I get in and turn the key... it will get me where I want to go."

I imagine that she would not want to build her own car either.


Most people are either big picture people... or analytical people. The big picture people do not blink an eye... they look at return on investment and weigh the cost in money against the cost in TIME. Everything costs something... it either costs you TIME... or MONEY.

The Analytical people (which I guess is a lot of the folks on this blog - as well as myself), we have to look in every corner, under every rug and walk around it a couple of times. Then we spend hours trying to see if there is another, better way.

Is either of these mindsets wrong? Of course not. We all have to do what it takes to make us feel comfortable about our decisions.

Myself... I was a serious tire kicker. But what sold me on this program was... ease of use, how it stacked up against the competition, the fact that I can use it on my next couple of homes, the money back guarantee, AND the tech support.

Could I have gotten similar results on my own? UFF always says that. However this is math... not horseshoes or hand grenades. I do not have the confidence to think that my math skills will be as accurate as a software program... and "similiar" could have easily been $20,000, $30,000, $40,000, $60,000 away.

Besides... I crunch numbers in my business all day... it is the last thing I want to do with my weekends.

Sue :)
407-697-8869

PS: When I said that most MLM's make money by getting folks into the business... I did not mean it was a commission for recruiting. HOWEVER, it is essentially the same thing.. as the person getting into the business is required to buy the product or a "starter kit" of some kind. So the person recruiting usually makes a significant commission off that (in fact I joined Pre-Paid Legal this year and only paid $50 or so to get in... but my agent made about $250 or so commission for bringing me in - advance commission for my future monthly billings).

There is nothing really wrong with that... except it gives people an incentive to make it sound super easy to be successful in a business. This is one of the things that gives some folks a bad impression of MLM companies. After all... no matter whether you work at WalMart, or for an MLM... you still have to WORK to make money - it does not fall out of the sky.

United First Financial does not pay any commission or $ of any kind to an agent that recruits another agent... not a dime. The commission is only paid on sales. Since Agents are not required to buy the software... only to pass a test... there is no incentive to recruit someone into the business unless you see they have a great market - like a financial planner, cpa, mortgage broker or real estate agent.

I do not think that businesses that are structured as MLM are "bad" ...I belong to a couple myself. However I do not consider UFF to be MLM... because of the reasons stated before. I used to work in insurance and real estate ... and I did not consider either of them to be MLM for the same reasons. Even though in both businesses there were agents, and managers that made bonuses and overrides off their agents sales. This is standard for many companies that have a sales structure... after all... a sales manager does a lot of work helping those under them be successful and they should be rewarded for that effort.

[willardredneck]

Hey Money Mgr: I went to the UFF site and crunched the numbers. Using a first mortgage of $270,000 @ 6.25% fixed, a value of $385,000 with $200 monthly disposable income it paid off in 22.7 years. Still don't understand why I would want to pay someone $3500 and not get some vaseline. Seems your numbers are not accurate or I made a major mistake.

[willardredneck]

Hey Money Mgr: Go ahead a post your print out to support your numbers. I would be more than happy to apologize. If not, have a nice day.

[DENSAT]

Hi Willard,
How were you able to crunch #'s at the UFF site? I did not see a link to do that. I am researching this product and could see how it could be less time (by using the MMA software) by using the interest cancellation between the HELOC and primary mortgage. I was able to pull the same #'s of adding additional principal monthly by using the interest calculator at http://www.integramortgages.com/Free...atorCalculator but was not able to do the analysis on the MMA software for this example without finding the link you are referring to. However, I have a colleague on the MMA program and I am able to see a difference between adding addtiional principal monthly and the MMA program even though I have not done it with your specific example. It seems in general that the MMA software wins on all the instances that I have tried with my colleagues software. Please help me do the same research you are doing before I get involved. Unfortunately, my colleague is in another state and I can not continue to do analysis with his software.
Thank you

[bravcon]

Since you can't "crunch numbers" at the UFF site, what are you speaking of. An agent must run an analysis. It can't be done by the homeowner.
Maybe you're trying to do the sliding here.

[bravcon]

Williard,
You left out some variables that have to be included in the analysis.
I filled in the gaps with a generic scenerio.
You just bought your $270,000 home @ 6.25%. You have made no payments @ 30yr fixed conventional. You make $1000 a week and in a 25% tax bracket ($750 net). Your mortgage payment is $1662 and 25% escrow (tax/ins) = $2077 a month total payment. You have $200 a month discretionary money.
Using the Money Merge Account you will need a $4700 ALOC to drive the program. Lets make the ALOC an even $5000.
If you follow the program your mortgage will be paid off in 18.1 yrs or 8/2025
shaving off 11.9 years.
At payoff you will have paid $182,898 in bank interest but saved $152,217 in interest.
This is accurate with the numbers entered. If you had more discretionary money the time frame would decrease.
I don't advertise here but would be willing to discuss with a positive post from you.

[jenired]

Originally Posted by cigs645

It is a great product Wisdomvoice . I just can't see why ,if you are living paycheck to paycheck ,you need or would want to pay $3500 up front and $30 a month for the same product other companies are offering for free.

Where did you get the $30 a month? For the MMA, which I use, I paid $3500 for access to the online program for the life of my loan and beyond, lifetime customer service and the guidance to allow me to pay off my mortgage in 13.88 years saving $273,000 in interest. What is so bad about that?

[PrairieFire]

I just heard about MMA's and United First last week, so I'm doing my research. I haven't figured out how United First is accomplishing what they are without refinancing the mortgage and using a relatively small ALOC ($5000 in the previous example), but I have figured out that the same result can be had by refinancing the entire principal balance to a HELOC, then follow the same plan: Deposit your paycheck into the HELOC, write checks out of the HELOC to pay your bills and expenses. The timing is simple, just pay your bills right when they're due, not early. This keeps the daily balance as low as possible for the interest calculation. One would have to shop for a good HELOC, specifically, one with quarterly rate fluctuations rather than monthly and with caps on the annual fluctuation. Also, you have to be disciplined enough to not spend the extra available funds in the HELOC.

Depending on your rate of return on investments you are making with your discretionary income, you can pretty easily calculate whether you're better off putting the money into the HELOC and paying it down, or continuing to invest as you are. The nice thing is, if you do put the money into the HELOC, it is still available to you in case of an emergency-albeit with an interest charge attached.

That took me an hour of research. Anyone who wants to send me $3500, feel free.

[bravcon]

LOL!! People like PrairieFire just kill me. In one post they admit to not being able to figure out how the Money Merge Account works but at the same time they are smart enough to replicate it. How much does that refi cost? How much time and effort are you willing to put forth? He proved he is not as smart as the software that drives the program.
And by the way, Redneck never posted after I gave his analysis report. I guess he didn't really want to apologise to anyone.

[MoneyManager]

Prairie Fire is not too dim... just a bit cocky.

He is right in one sense... the Money Merge Account is nothing more than a pseudo CURRENT ACCOUNT MORGAGE... which is a giant heloc you finance your house in.

You can get a Current Account Mortage here in the USA - look up CMG mortgage... they are serviced by GMAC credit.

However... here is where you do NOT get the same results... and this should be common sense - no calculator needed....

When you dump your entire mortgage into a giant heloc... you now have it in a loan with an interest rate that is going to be (on average) about 2% higher than if you had left it in a fixed rate mortgage.

However... the Money Merge Account leaves the biggest part of your debt at the lower interest rate... and simply uses the HELOC just like a current account mortgage (paycheck in - bills out)... and over time... transfers chunks from it to the mortgage.

If you want to run numbers... you can go to a CMG calculator on their web site... then go to mine... and I will run your numbers for the Money Merge Account.

www. u1stfinancial4u .com

On average I have found that most folks will pay off a 30 year loan in about 17-21 years with CMG (and they have a great loan product - it is very simple to use)... however - with the SAME cash flow - the Money Merge Account will pay off the same mortgage 3-5 years sooner.

Also... you have to take into account...

ReFinance costs (usually a few thousand higher than cost of MMA software)
Qualification - less than 10% of people will qualify for a CMG type of loan but about 70% can qualify for a regular heloc.

Hope this helps... but do not slam Prairie too much... he HAS got a brain in there!

MM

PS: $3500 cost of software is it - no monthly fees, unlimited tech support, can use on at least 5 homes at no additional cost. Break it down to a monthly cost... $3 to $25 a month (on average) depending on whether you use it on 5 houses or just one. If your budget is tight... I bet you could find something you could cut out of it that is not going to put your kids through college. For me it was my Blockbuster Movie pass. Also... could have cut 3 Margaritas out a month too.

BTW.... RedNeck guy... sorry I did not see your numbers... I have been busy with clients so was not back on this thread till today. But looks like someone else helped you out. Bottom line... this program will beat throwing every penny of discretionary income at your mortgage MOST of the time.

But this is MATH - and bottom lines do not lie. Just get a UFF agent to run your numbers for REAL... then you can compare it to anything you want.

www. u1stFinancial4u .com

And just because we ARE on Scam.com ---- I want to remind folks...

United First Financial has now sold over 10,000 of these software programs ... with ZERO complaints in the Better Business Bureau, RipOff Report, and every other place you can check.

This should say alot about the integrity of this product... and the company as a whole. The people I have met connected with this company are some of the greatest people I have worked with in 25 years of business.

[cigs645]

Here is another option for retirement planning for you

http://www.bankrate.com/brm/rate/loan_home.asp

go to bankrate.com. they list companies that provide the same service and product without your having to pay some third party or MLM up front fees, in United's case of almost $4000 + the monthly service charge United will charge you for being in their program. Then take that money you would have paid the middle man for and do something for yourself or your family like pay down your debt maybe

http://www.bankrate.com/brm/rate/loan_home.asp

[thetruthbetold]

I have yet to meet a promoter of a mortgage accelerator program who is honest enough to compare their expensive, complicated system fairly with a free, simple approach on a month by month basis.

Let's start by compariing your expensive system for someone with no discretionary income and then move on to someone with discretionary income. Anyone up for the challenge or are you afraid that your complex, expensive program is a crock?

Here are the parameters you need to pick:
HELOC interest rate (we'll assume it is fixed rate even though there is considerable risk to the upside with interest rates)

Fixed rate 30-yr mortgage interest rate

Size of mortgage

Monthly income, paid on the 1st and the 15th

Monthly expenses other than mortgage can be assumed to be paid on the last day of the month to maximize the value of your HELOC money shuffling and will equal the monthly income minus the mortgage

We'll assume that the person will be able to pick up enough extra income to pay the monthly interest on his HELOC due at the end of the month.

Map out the first month and tell me where this guy stands as of the last day of the month for the first two months:
Bank account balance
HELOC balance
Mortgage balance

Then I'll use EXACTLY the same numbers and see how someone who doesn't have a HELOC and doesn't spend a dime on any complicated program would do.

Sound like a fair comparison?

Let's cut thru the BS, mumbo-jumbo and misleading comparisons and get down to a REAL comparison. Who wants to go first? UFF? MMA?