The Money Merge Account system uses advanced online software to streamline financial transactions between a primary mortgage or aircraft loan and an advanced line of credit (ALOC)—generally, a home line of credit, personal/business line of credit or a credit card, The software prompts clients to make all of the financial transfers through normal channels, leaving all financial account information in the clients’ hands’ and completely secure.
This system allows our clients to eliminate years’ worth of compounded mortgage or aircraft loan interest charges in exchange for one month’s small amount of ALOC interest charges.
Our clients pay their standard mortgage payment, and then follow it up with a significant principal pay down (sometimes thousands of dollars) from their ALOC. After making their principal payment, their line of credit shows a balance. To reduce this balance, clients ‘deposit’ their income into the ALOC as soon as they can.
As the month goes on, clients use their ALOC account as they would use a checking account. Because ALOC interest compounds daily, rather than on a fixed amortization schedule, the client can keep a low balance for most of the month while using funds from the ALOC to pay their monthly expenses. Since ALOC balance stays low, clients’ income covers all monthly ALOC finance charges, producing very little compound interest.
In effect, this system allows clients to eliminate years’ worth of compounded mortgage interest charges in exchange for one month’s small amount of ALOC interest charges. ‘The Money Merge Account formula is based on quantifiable mathematics.’ It indirectly follows the same money positioning practices that banks use. A bank might earn 6% interest on a home, investment property, aircraft or a boat loan, and only pay out 0% to 1% interest on a checking or savings account, leaving an interest spread of 4%-5% compounded interest gained.
The Money Merge Account system reduces the long-term interest due between the amount clients owe on their mortgage and the amount they generate with their idle money, leading to substantial savings.
While the concept is simple, determining the best amount to pay toward principal involves several complicated, interconnected interest equations, making it highly impractical to do the math manually. The Money Merge Account software bridges the gap between these accounts with advanced math engines. As the clients enter their monthly income and expenses into the software’s action plan, the software automatically adjusts the amount to transfer from the ALOC to the primary mortgage or loan.
These features translate the concept of interest into visual representations that clients can easily understand: the amount of money they’re able to pay toward their home, aircraft equity, and the amount of time they will be paying their mortgage. Along with displaying the amount they’ve paid toward principal and how their actions could potentially reduce the term of their mortgage, the software’s True Cost feature shows them both the positive and negative financial effects of the deposits and expenditures.
If your clients make an expensive impulsive purchase worth $5,000, for example, the software may tell them that, depending on their mortgage and other factors, that purchase actually cost them up to $8,000 in additional interest. They would also be able to see that they’ve pushed their mortgage payoff date one year further away.
“This financial package is much more than just software. By providing financial budgeting education and personal coaching simultaneously with tools of education software, The Money Merge Account system allows your clients to see the cause and effect of poor, emotional budgeting decisions today. These tangible results lead to understanding and benefits that are unheard of in
As a mortgage planner, your business relies on providing the best financial options for your clients. As your clients build equity and shed their first mortgage debt, they gain capital (i.e., equity) for other loans and other investments. You can use this system with your clients to review how other home equity investments with impact their payoff time. Your clients can determine their own priorities: whether to pay down their mortgage, or to finance their other financial goals.
Letting you clients experience this financial break-though will absolutely earn their trust and encourage them to recommend the Money Merge Account system, and your services to their friends and family. With your clients’ equity increasing on an accelerated basis, they will turn to you for future refinancing of even larger mortgage loans.
When setting up the Money merge Account system, a UFirst agent collects information on the client’s income, mortgage, and other debts. They then determine the client’s suitability for the program by entering this information into UFirst’s analysis software and evaluating how much a client could possibly save with the Money Merge Account system. Most clients qualify for the account, and often find that it provides a significant reduction in the term of their loan, saving them thousands in interest charges.
UFirst operate with a network of independent agents, some of whom are licensed mortgage brokers, real estate agents, and financial planning professionals. For those who are licensed professionals in those areas, becoming a UFirst agent can supercharge your business as it will enable you to run the loans or other services that you offer through the analysis software. By pairing the Money Merge Account packaged system with your best loan offers or other financial services, you will provide your clients with educational benefits, interest savings, and a level of trust that your competitors won’t be able to match.
The Money Merge Account packaged system works with many different types of loans. Along with the commission form the Money Merge Account system sale, you will also receive an additional commission when your clients apply the system to future mortgage loans.
UFirst’s Money Merge Account system helps you make a measurable difference in the lives of your clients. “Clients will actually that you at the end of the transaction, instead of you thanking the,” says
There is a great void in the average American’s financial education. While the majority of Americans would do anything to own their home free and clear, they don’t understand the mortgage process. They only understand vaguely the principle of interest, they make budgeting decisions based solely on emotion, and they ignore potential gains by letting their money sit idle in traditional checking accounts.
By combining credit strategies with advanced financial tracking software, UFirst’s Money Merge Account system is addressing this void. This system provides a way to increase equity payments and visualize the long-term consequences of budgeting decisions, helping your clients payoff their mortgages on an accelerated schedule with little lifestyle change. UFirst’s solution is changing lives throughout the