This has changed my life so i became an agent

2008-03-04T22:20:35Z

The Money Merge Acount

What is a money merge account mortgage? How does a money merge account work? I've heard that bi-weekly mortgages and paying extra each month can reduce the term and interest paid on a mortgage loan. How is the MMA mortgage different?

Unlike conventional mortgage scenarios, the Money Merge Accounts use an Advanced Equity Line of Credit (ALOC). It is essentially an home equity line if credit (HELOC) that operates similarly to a primary checking account, and uses an open-end interest calculation (to allow for multiple adjustments to the principal balance each month). Most ALOCs are offered at an adjustable rate, but fixed-rate ALOCs are also available and work just as well.

An ALOC is however more than either a mortgage or checking account. It is a financial management system that can help with a wide range of financial planning needs. In example, an ALOC can also be used for a personal or business line of credit.

The open ended feature of the ALOC is what allows any deposit you make to your MMA to generate an interest offset on your mortgage principal each time you deposit income into your account. The deposits register as a decrease to your mortgage balance, and adjust up and down through the month as you deposit and withdraw funds.

The effect of this is that the interest that accrues against the principal is reduced by the average deposit at month's end, allowing a larger portion of the next month's payment to apply against the principal balance. Additionally, any money that you don't spend remains against the balance of your mortgage loan in successive months in addition to the deposits made each month, further reducing interest charges.

Unlike other methods of paying down a mortgage, bi-weekly mortgages and paying extra each month, the balance of the deposits in an MMA remain available to you until that money is needed.

MMAs are managed through a simple to use, but sophisticated, financial software application. The algorithms built into the software analyze each transaction made through the MMA, and provide feedback that helps account holders optimize their financial planning.

Recall for a moment the image on the "MMA Introduction" page.

As dramatic as it is, The graph on that page does not compare the savings realized when paying extra on your mortgage each month.

When making the same assumptions, a note for $136,000 financed over 30 years at 5.25%, not even paying in $150 extra each month can amortize a mortgage loan as quickly as an MMA.

In fact, that same $150 left on deposit would provide a greater offset to the principal by increasing the average deposit. A more striking bebefit is that, while the mortgage principal is reduced, that $150 remains available to the account holder if the need arises-whereas it is no longer available to someone who used it to pay down their mortgage.

Please take a look at my website, and allow us to perform a free analysis to see if you qualify for this amazing program!

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This has changed my life so i became an agent