March 3, 2008
MMA Alternative
Either create the phenomenon or follow it. People continue to search my websites for information about United First Financial's money merge account. It seems most people looking are those who did not buy at the overview meeting they went to where sample reports were shown. This is an excerpt from the "program benefits" part of their website.
Repaying your mortgage early
When repaying a mortgage, it's not the rate you pay that's most important. What matters most is the total amount of interest you pay over the term of your loan.
I would phrase that slightly differently: "It's the total amount of cash outlay over the term of your loan that's financially important." I would also stress it is not necessary to spend $3500 to save $35,000 on your mortgage. In fact, taking another line from the UFF website, this type a screen clip from their FAQ section:
Sorry about the alignment there. But there you have it: You can absolutely attempt to do this on your own. And so that you will do better than "attempt," I will provide you with the step-by-step skinny on exactly what to do!
First, make sure you have the 25-page review of the $3500 system. Then get back to me!
3 Comments on MMA Alternative »
March 3, 2008
Mike Colquhoun @ 9:31 pm:
Yes, you can do this yourself. You will need an advanced line of credit ($10000.00 would be good to begin with) that can function as a bank account. You will also need software or a handy system that can track your progress and keep you from paying more interest than you should in either account. Yes, it CAN be done if you have the time and the discipline. The Money Merge Account system is merely a tool - just as TurboTax and TaxCut are tools. You absolutely CAN prepare your own tax return without the available software - if you have the time and access to the latest tax code information. I might add: Investing $3500.00 (one time) to save a few Hundred Thousand dollars in interest is a pretty good deal. If I knew for a fact that I could go to Vegas with $3500.00 and return with even a paltry $35000.00 - every time - I would become a gambler for life - maybe I'm crazy???
March 4, 2008
Lin Ennis @ 6:02 am:
Hey Mike, thanks for stopping by. I wish you all the best in selling the MMA system as a UFirst independent agent. You'll do well. If it had been out when I started using my house to pay for my house back in 2004, I might have gone that way myself.
There's plenty of room for all of us - you, selling a $3500 program and me selling a $97 one. Some people feel better about spending more money. Others feel better about spending less.
So Godspeed to both of us.
March 10, 2008
U First @ 1:35 pm:
im sure its possible to do on you own and props to those of you who can, but as for me i just feel that i would have to worry about it more and it would cause more stress on my already stressful life that i think i would be better off paying that sum of money