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It's Time to Cancel Some Mortgage Interest

Interest Cancellation and Your 1st Mortgage

nited First Financial (UFirst^tm), through their live web-based Money Merge Account software^tm, assists homeowners in leveraging all their income streams through a “mortgage checking account” which performs Interest Cancellation on their 1st mortgage, typically allowing a payoff usually in as little as 1/3 to 1/2 the time.

In a nutshell, each time you receive an “income”, it is immediately “poured” into the “mortgage checking account”. The homeowner still pays their bills using standard banking instruments like debit cards, checks, wire transfers, etc., but while the money is sitting idle before it goes out, it reduces the front-loaded interest on their 1st mortgage. All this is accomplished without the refinancing of the 1st mortgage and with little to no change in their current spending patterns.

How is any kind of Interest Cancellation really possible?

Let’s say you purchase a house for $200,000 over 30 years at 6%. Your payment will be $1,199.10 monthly and you will pay $231,677 in interest which means you will have paid $431,677 when the loan is paid in full. You also just happen to have $10,000 in a cookie jar you have been saving. What’s the difference between adding an additional $10,000 down at closing or adding that $10,000 to the first payment?

By adding the $10,000 to the first payment, the interest you would NOT HAVE TO PAY would be more than $32,000, or about 14% of the $231,677.

But what if you don’t have $10,000 sitting in a cookie jar. Enter the Money Merge Account Program.

Want to know if you could potentially save thousands in interest?

Click here for your free analysis!

How the Money Merge Account program works

nited First Financial, the developers of the Money Merge Account program, have put together a Web-based proprietary software package that provides the homeowner a financial dashboard to enable them to effectively manage the entire process of canceling interest on their mortgage.

The program works by using a Home Equity Line of Credit (HELOC) along side your checking account and by following the recommendations of the live web-based proprietary software.

This software system tracks users’ money with the information they feed it and then gives specific recommendations on where to rest their money while it waits to be used for monthly expenses. Following these recommendations drastically reduces the balance on your 1st mortgage and lowers the amount of long term compound interest owed.

The HELOC also provides homeowners with all the flexibility of a typical checking account, including direct deposit, online banking, checks, and debit cards. In addition, with the HELOC, you will have readily available cash in case of emergency. By depositing your paycheck into your HELOC and using the Money Merge Account software, you can drastically reduce the amount of time needed to pay off your homes’ mortgage!