Ok. Can you do a video on FFS which is first financial security, inc. they claim ppl can make millions in short time selling and doing the life insurance products. And that ppl have quit their doctor, lawyer, and engineering jobs. I think it's all b.s.
@itscraighansen - I have tried to get my clients to get on a budget. They do, and then the next month, they get off the budget. Ask any financial planner, or CPA. Its a very common problem. The MMA points out where they are and what their daily decisions do to their future, and they start making better decisions because of the MMA. If everyone were perfect like you, they wouldn't need the software. But they aren't, so they DO need it. My clients love it, period!
And the MMA provided them that much needed behavior change. YES! They could have done it themselves, but they admitted they would not have done it themselves. The MMA allows them to track where they are going and how long it will take them to get there. AND, if they get off track, they can see what it will take to get back on track. That is priceless in the world of "trying to keep up with the Jones'!" As sidetracked as we Americans get, that alone is worth the $3,500!
@mtymous10 OK, then get them started on a budget. Have them use a tool to keep track of their amortization table. At best, that's all the MMA does, and those tools are either free, or cheap. They certainly do not cost $3500. Besides, the $3500 MMA isn't even efficient at what it claims to do - reduce debt. So, it increases debt, it provides no psychological advantage over free solutions, and it's inefficient. Way to help your clients.
I was a mortgage professional for 17 years and saw 1,000's of clients - 95% of whom had the same thing in common - NO savings and bad spending habits. Why do you think our country got into the mess we are in? I have sold the MMA product for almost 4 years now, and have many of my loan clients using it. Almost all of them say they had aspired to pay down their mortgages and slow down their spending, but few of them did prior to owning the MMA program. Behavior change was what they needed.
@mtymous10 Hi .I'm new at this could you please tell me how it works I mean tell me everything from the beggining to the end please I need to know my benefits and whether it's worth trying ok? I've heard from other people that it does work , some have warned me not to do it so I need help .. and as I can see you're just the right person to ask
@OwnYourBank Also, UFirst has a little over 30,000 clients. Only about 1/3 of those (~10,000) still use the software. This was the findings from UFirst's own investigation of unique site visits to the MMA site.
UFirst also has over 71,000 agents. That means the median average number of sales for UFirst agents is zero. Most agents have no sales. None.
@OwnYourBank Actually, there are 48 complaints at the BBB against UFirst head office in Utah, and others registered directly against agents in the U.S. and Canada. Having attempted to use the BBB to help a client get a refund, I know 1 of those 46 "resolved" complaints simply resulted from UFirst saying "No" to the refund request, because it was made more than 3 days after the purchase was made. It took 2 days just to get her MMA login info. 3 days is all you have to get a refund. Look it up.
Debt is Debt... There is no magic "eliminate debt pixie dust". If you owe debt, you have to pay back that money!!! The ONLY WAY to clear out debt is by paying off debt. Shuffling debt around different accounts via software programs does not eliminate debt. No matter how you electronically tap dance around the bank will get money back and interest payments while you are using their money. SCAM CRAP!
I haven't visited these comments in the last 2 weeks, and in that time, my comments have been voted down by 7 votes or so (and effectively off the page), while UFirst agent TeamSue's comments have generated +7 votes.
Nice, TeamSue.
For anyone who wants to learn about what uFirst are actually selling, click on "Options" just above and show "all comments".
You can also simple gogloe the company, and follow the conversations at Scam dot- com, Fatwallet, The Simple Dollar, Bargaineering, etc.
If anyone has questions about United First Financial give me a call. I will show you how the program works and I can do a internet webinar with you. My name is John Goodall and my cell phone number is 719-494-5865.
If you click on the author's profile, "Diggin4u" stopped diggin' 5 months ago. Just one more UFirst agent who couldn't sell the scam.
The fact that UFirst have an office is no proof that they are a good company. Enron had a very nice office.
As for the BBB listing, they are up to 9 complaints, all settled. They obviously care about that listing. If you want a refund, register a complaint there. It's your only hope.
You can learn more about the MMA at Fatwallet -dot- com and Scam -dot- com.
Very good preliminary research on the company. The company and product are certainly legit, but the simple fact is this is another MLM. That means that the product, while functional, is not where the real money is made. You make money by recruiting agents (usually from friends and family) and making them your downline. As with most MLM's and pyramid schemes, it works until the bottom of the pyramid is filled and then the people on the bottom get nothing. Be prepared for this.
Ccrider.... UFirst is NOT like an MLM in the way you say. Agents don't make even one penny by "recruiting" other agents. There is only a one time fee of $175 to be an agent and we don't make any part of that. ALL money made by agents is made through commissions, over-rides of other agents commissions, and bonuses. Just like a typical Indep Insurance Agent pay plan.
It only takes $175 and an online quiz to become an agent. And it's impossible to fail the quiz, because if you do fail it, you retake the questions you got wrong until you pass.
It must be very comforting to prospective clients that it's easier to become a UFirst agent than it is to get a library card.
And yes, $2500 of the $3500 cost is paid in commissions, but your first two sales earn you $450, and the rest of the $2500 goes to your uplines. Most new agents don't get past 2 sales.
Because there have been about twice as many sales as there are agents. Therefore, most agents have fewer than 2 sales. Typically, the first sales go to relatives or friends (the easiest sales, and the ones with the lowest commission). Once you've tapped your family, getting a stranger to give you $3500 in exchange for broken and inefficient software is rather difficult, as thousands of agents have discovered.
They do and I personally USE THIS SOFTWARE. I had 27 1/2 years left on my mortgage and now (without changing anything in my lifestyle) I will be TOTALLY debt-free in 9.8 years. THIS SOFTWARE CANNOT BE BEATEN BY ANYTHING ELSE OUT THERE.
The software can be beaten by any free mortgage prepayment calculator you can find on the web, by Quicken or MS Money, or by this simple calculation, once per month:
[month-end bank balance] - [contingency] = [prepayment]
Apply that simple, 10-second calc to your financial situation, and the MMA loses.
If the question is which debt to accelerate first, the fastest way is always to pay the higher interest rate debt first. Period.
None of this, of course, will help you sell the MMA.
Speaking of "digging", the master list of UFirst agents has been released. There are almost 60,000 agents. By agent estimates, there have been 120,000 MMAs sold.
For anyone thinking of selling the MMA, ponder those numbers for a bit. New agents only keep $450 of the $2500 total commission. The balance goes to the uplines in the pyramid. The vast majority of agents aren't making any decent money at this, but the few people at the top are getting rich.
You are partly correct; a new agent completes two training sales where they split the commission 50/50 with their training supervisor. The first commission will be $450, the next typically $500, and then their first full sale $1000 and up from there. Compared to the amount of rigamarole involved in closing mortgage loans these days, helping clients get out debt with the Money Merge Account system is a nice commission.
Exactly. But remember, to get to $1000 (still only 40% of the total commission paid) you need 2 sales.
By the numbers, *most* agents have not made 2 sales.
There are also costs associated with being a UFF agent. Just becoming an agent and getting a UFF-branded website will wipe out the first commission.
Even if you somehow convince people to buy the MMA, you haven't helped them. It is faster, easier, safer, and cheaper to accelerate your mortgage without the MMA.
It costs $175 to become a registered agent. By comparison, it costed me about $1500 to get my real estate license, and $500 for my loan officer license. Many people get burnt out by the negativity they receive when approaching people about this product. That's why they don't make it past 2 sales. As far as accelerating your mortgage (Version 4.1 handles ALL debt) faster and easier without the MMA, I am all ears.
The MMA is, at best, a $3500 behavior modification tool, and I doubt it's very good at that, either.
There have been countless online challenges and comparisons. For a full explanation, search the forums at Scam (dot) com and Fatwallet (dot) com. But mostly, if you're really a loan officer, do the math. Even floating your entire income for a month has a minimal effect - most of the MMA savings are due to simple prepayment.
This is NOT a behaivor modification tool. It's simple to follow and you don't change anything in your lifestyle. Check out joinu1st website and watch the demo video... Why can't people believe that there is actually something out there available that will ACTUALLY HELP you get out of debt??
"Those who understand interest will earn it. Those who don't are doom to always pay it."
The "no change in lifestyle" claim is a lie, and UFirst doesn't even let you use it. Check your agent agreement. The MMA kills cash flow to prepay your mortgage, but it is easier and faster to simply prepay yourself.
People need a budget and a plan - not a magic pill.
As for understanding interest, UFirst is churning out an army of financial illiterates. You would be well-advised to search out the pages I mentioned above and learn how inefficient and broken the MMA really is.
backdraft999 I love UFirst and I do think that behavior modification is a component of why clients are successful with it. They don't HAVE to change their budget or lifestyle since the Analysis is based on their current budget before they buy the program. That said... once people have the "dashboard" to show them their financial picture in real time, many DO change their behavior. Most clients gets 15-25% BETTER results than their Analysis showed them because they become more disciplined.
Excellent video! And an excellent company indeed! The cost for the program does not have to come out of your savings. When you look into this service further, you will see see how you can do this without any out of pocket expense. And, more importantly, the cost is an investment and like all GOOD investments, the thousands of dollars in return is what makes this product awesome! I urge you all to get an Agent...today! The only thing you have to lose is your money!
Nice video. I have done some research also. This summer I found over a dozen other companies that offer a similar service as UFF. And more companies are appearing on the internet everyday. They range in price from $200 to $3500. Each takes a different approach in marketing the product and what they have to offer.
There are many scams out there this helps give objective information Only deficit I would like addressed is the cost of each program. Thanks for all the work. To answer your question YES I would like an analysis of Equity Genie et al.
I am an agent for U1st. I was skeptical at first because the program does seem to good to be true...but it's not. It's math! This program is saving people's homes. I have just returned from our National Convention and the newest version of our software is going to be able to help even more people. There will always be skeptics, but I think of it this way. What if you were able to get in on the ground level with Microsoft or Mcdonald's? Something to think about...
I have been on UFirst MMA for about 3.5 months and I have alway cut my mortgage by $12000. Yes in 3.5 months. in all of 2007 I didn't even pay $3000 to my principle. so I am very happy with it. the truth is that I will have never done it without the mma. Sadly people are just not that discipline. So if you think you can do it on you own, go for it. Ask youself how you have actually sent extra to your mortgage 3 months from today and most of you would have done nothing. that the truth.
You know, if this was so easy to do as you think it is Decepticom, don't you think more people would be doing it? This product has merit, and for me, it is well worth the money spent. My 29 year note is on track to be paid off in a little over 9 years, and I am going to pay $170K less in interest than I would have before. Am I a fool? I dunno...let me see, spend $3500, save $170K...
Lots of people are prepaying. If you are on track for <10 years, you're prepaying too. The MMA just puts a smoke-and-mirrors HELOC between you and your mortgage. The mechanism by which you are paying down your mortgage faster is prepayment in the form of transfers from the HELOC. Do away with the MMA fee and the HELOC, and you could be paying off the mortgage even faster.
Look...all I know is that I have already shaved three years off my loan and I've only been on the system since July last year. The guy who told me about it is on track to pay his 2 year old, $450K home off in 5 years, and he has already cut 6 years off his mortgage. Besides the fact that I am using the banks money to do this (leveraging other people's money, like my friend said), why wouldn't a person try this? It works...period!
And with all the money you've shoveled into your HELOC, plus the $3500 you didn't have to spend, you could have shaved off even more time. Look up an amortization calculator that shows the effects of prepayment on the web. Plug in your starting point as of last July. Then add whatever HELOC transfers you've made to to the mortgage. Presto! Three years shaved off and thousands in interest "cancelled".
This isn't rocket science. It's what happens when you prepay. The HELOC does nothing.
Hey...again, all I know is that it works. And if this was all so easy, as you say, wouldn't more people be doing this already? Again...I am USING OTHER PEOPLE'S MONEY TO DO THIS WITH THE MONEY MERGE SYSTEM! Why in the world would I use my own money if I can pay this off drastically without changing my lifestyle or spending habits?
You're talking about the HELOC thing? You're borrowing a few grand, timing your pays and your bills, and paying a rather high interest rate on the average daily balance. In exchange, your mortgage balance is lower, saving you roughly the same amount of interest every month as you spend on HELOC interest. It's within pennies. The $3500 you spent at the beginning means the MMA will never beat a simple DIY approach of [checking balance after bills] - $1000 (say) = [month-end prepayment].
As for changing your spending habits, of course you are - you're piling everything into your HELOC, and every 2 to 6 months, you're throwing a chunk of money at your mortgage. Don't get me wrong - it's good to pay off your mortgage, but the MMA is like a crutch for someone who has 2 good legs. And lots of people are doing this. I did it. You just need to make more money than you spend. Of course, the MMA needs the same thing. Read the UFF FAQ page if you don't believe me.
Also, enjoy my comments while they last. They are completely factual and not insulting at all, but Kyle (Diggin4U) will delete them when he logs back on.
Look at the comments of "payitofffast" below. His replies are all that remains of my earlier comments to this video.
Look...what I know about finances, you could put on a postage stamp...But, since using this system, I have made six transfers from my HELOC to my mortgage totaling $34,916.42. The total interest that I have paid on the HELOC in that time is $488.69. So...the rate of interest on the HELOC that I paid actually amounts to about 1.4% High interest? Hardly. If the bank advertised a rate like that, they'd be over run with people trying to get money that cheap...
You know something....what I did was take figures that the bank provided me...my statement. The interest charges are what I have been charged to date. That DOES come out to 1.4% even WITH the balance in the HELOC as it is right now...
I believe the numbers are real. But dividing $488 by $26,916 does not give you an interest rate. To get the interest rate, you'd have to divide the $488 by the average daily balance in the HELOC, then multiply by the number of months charged (10), divided by number of months in a year (12). Look at your HELOC statement - what would be a fair average balance? I guessed $7000. I'm probably not off by much.
Your effective HELOC interest rate is around 6% - a pretty attainable mortgage rate.
Scratch part of that - no multiplication by 10/12 required. In my defense, I have a cold.
That means your effective interest rate is actually $488/~$7000 = ~7%. If you can tell me what your actual average balance was (just get a feel from the statements - no need for a calculator), we can get even closer.
Assuming your mortgage rate is less than 7%, you're not winning on either end of this. You're losing with the fee, and with the HELOC.
Well...I did do one thing wrong and that was figure out the effective rate of interest on an annual basis...should be closer to 1.68 percent...still pretty damn good.
If you'll get me your average daily balance, not to mention the interest rates on your HELOC and mortgage, we can make a fair comparison. From the UFF "15 minute overview" video on their site, the HELOC balance is ~$10K, at its lowest. It's just not smart to carry $10K at a higher rate of interest all month. If you are, the HELOC shuffle can only reduce your effective interest rate a fraction of a percent from the HELOC rate. It's not worth it.
Thanks so much for doing your research. I am very glad someone finally took the time to check up on the Company. It is tough these days to get the message out with Americans being so worried since they have been scammed so many times before by people claiming to help them. I can only hope that people see this video and realize we are for real and we are out there to help change the financial struggle that is hurting families across America.
Also why would a person want to attempt to crunch the numbers every month, i personally don't have the time, as do most americans, i like the convienence of the software, and i'm not using my own money to send to the mortgage. Simple
Why would i wasnt a 6% mortgage it's still going to be for 30 years, I'm not going to refi, trust me i'll have it paid in 8.2 years, using the banks money and not my own. Good luck to you.
When you purchase upgrades on a home through a builder lots of buyers include these upgrades in thier mortgage, on average the upgrades are between 20 and 50 thousand dollars, you pay about $4.00 a month for these upgrades over the life of the mortgage, what is your point about $3500 when i'm saving $25,000 in interest the first year and reducing the 30 year mortgage by half leveraging the banks money, same principal as including your upgrades with the builder over 30 years.
It's a great program, i've been a mortgage broker for 10 years, the only people that don't get this are the stupid ones, i deal with those types everyday.Don't forget this months issue of Personal Real Estate Investor Magazine did a 6 page article on the MMA and awarded it the Editors Choice Award, this is a national publication that you can buy at Borders Books and Barnes and Noble. Not to mention Broker Banker and Mortgage Planner magazines.
Also the majority of competition out there uses a heloc or require the customer to get a second mortgage. Also are you the type that keeps refinancing and paying those rediculous closing costs that they charge, i paid $13,000 in refi fees last year and i still have a 30 year mortgage. The heloc with this program pays off at the same time as the house, remember you must deposit your income into it so that it see's this as a payment, but your still going to pay your normal bills with the deposit.
The rate of the heloc doesn't matter, because of the way you are using it, a little interest is an understatement, i will be saving on a half a million dollar home about 600,000 in interest, the first year i will be saving 0ver $25,000 in interest, the $3,500 fee is well worth that amount of interest savings, americans like convienience and thats what this is about, software doing it for you. Again It's not pre payment, your obviously not using it, you don't know how it works
This isn't prepayment, this is using large lump sums from a line of credit then depositing your income into the line of credit. The line of credit see's this as a payment thats why the MMA software wants you to keep your money in the account the majority of the month, I use it and it works, If you leave your income in the account and pay your bills with a credit card then at the end of the month pay your credit card off it maximizes the performance of the MMA.
You cant argue with clients results. I am not here to argue with you CP. Speak to actual clients. Ask them if they feel ripped off or scammed as you would say. Finally there are many solutions to a problem find one that works for you and go with it. If U1st does not work for you move on and help people with your way. I am not going to knock your way because it is different, have the grace to do the same.
Finally the math works and works very well for my customers who are happy & moving forward.
"1. Even if I did the math for you you would not pay attention to it as you have already set your mind."
If you did the math, you'd be the first agent to do so. All anyone gets out of UFF agents are reports and summaries. Let's see how it works in the first month, second month, etc. Summaries prove nothing.
cp please see point 4 the first years number are provided for you there. Honestly my time is better served elsewhere like my family. Your the one with the problem you figure it out.
The person you referred to did not claim to be an agent and if he is he is incorrect about discretionary income.
It's kinda ironic that you, the expert, don't use the product but are offended by the fee while our customers use the product and are not offended and are pleased. Now which one holds more credibility?
Unfortunately CP it seems for you the cup is half empty. The agents don't just pay $150. They have to get trained and pass with 95% or above. Whats more they have to do two training sales with a qualified agent before even being allowed to sell the product.
The company takes its credibility very seriously and so do I. To insinuate I was duped or manipulated in any way to sell the product is offensive. It works and is helping thousands of families around the country, thats why I am an agent.
It appears that Diggin4u is deleting my replies, so your replies are now out of context. Why would UFF agents delete challenges to show their product works? I never insulted anyone, never used questionable language, and never got angry. I just want someone to show me how UFF beats simple prepayment, because nobody has ever show that in detail. Deleting my comments is just plain rude, and only makes me more determined to hash out the numbers and post my own analysis this weekend.
Thanks so much for this Video. My husband and I just heard about this company & are investigating further to see if we should get an MMA ourselves. So far, everything is looking good!
Great research. Great presentation. Why are some people calling it a scam if they are a brick and mortar company? I'm guessing that they have a similar product maybe.
I went to the web site and they make some tall claims. Have you done any research on if people using their product are actually getting the results that were stated? Is it really possible to pay your house off that soon? It seems too good to be true.
For the gentleman/ma'am above me. If its too good to be true dont pursue it. They offer it 100% money back guaranteed!
Humans flying use to be too good to be true. So did automobiles. Look at our civilization now.....
Do your do diligence and search out anything before you buy into or do business. But this company is for real and is out to revolutionize the real estate market in America. And they're doing just that!! :)
Broker Banker magazine has 4 pages of customer testimonials. Most Agents are users themselves and should be able to arrange a call with a branch manager who will have a client or two willing to get on a call and describe their experiences.
Ok. Can you do a video on FFS which is first financial security, inc. they claim ppl can make millions in short time selling and doing the life insurance products. And that ppl have quit their doctor, lawyer, and engineering jobs. I think it's all b.s.
chaomary73 1 month ago
I'm new at this I just heard of it and I want to know how it works can someone please tell me ..??? PLEASE
ilirjannah 5 months ago
@itscraighansen - I have tried to get my clients to get on a budget. They do, and then the next month, they get off the budget. Ask any financial planner, or CPA. Its a very common problem. The MMA points out where they are and what their daily decisions do to their future, and they start making better decisions because of the MMA. If everyone were perfect like you, they wouldn't need the software. But they aren't, so they DO need it. My clients love it, period!
mtymous10 1 year ago
And the MMA provided them that much needed behavior change. YES! They could have done it themselves, but they admitted they would not have done it themselves. The MMA allows them to track where they are going and how long it will take them to get there. AND, if they get off track, they can see what it will take to get back on track. That is priceless in the world of "trying to keep up with the Jones'!" As sidetracked as we Americans get, that alone is worth the $3,500!
mtymous10 1 year ago
@mtymous10 OK, then get them started on a budget. Have them use a tool to keep track of their amortization table. At best, that's all the MMA does, and those tools are either free, or cheap. They certainly do not cost $3500. Besides, the $3500 MMA isn't even efficient at what it claims to do - reduce debt. So, it increases debt, it provides no psychological advantage over free solutions, and it's inefficient. Way to help your clients.
itscraighansen 1 year ago
I was a mortgage professional for 17 years and saw 1,000's of clients - 95% of whom had the same thing in common - NO savings and bad spending habits. Why do you think our country got into the mess we are in? I have sold the MMA product for almost 4 years now, and have many of my loan clients using it. Almost all of them say they had aspired to pay down their mortgages and slow down their spending, but few of them did prior to owning the MMA program. Behavior change was what they needed.
mtymous10 1 year ago
@mtymous10 Hi .I'm new at this could you please tell me how it works I mean tell me everything from the beggining to the end please I need to know my benefits and whether it's worth trying ok? I've heard from other people that it does work , some have warned me not to do it so I need help .. and as I can see you're just the right person to ask
ilirjannah 5 months ago
@OwnYourBank Also, UFirst has a little over 30,000 clients. Only about 1/3 of those (~10,000) still use the software. This was the findings from UFirst's own investigation of unique site visits to the MMA site.
UFirst also has over 71,000 agents. That means the median average number of sales for UFirst agents is zero. Most agents have no sales. None.
itscraighansen 1 year ago
@OwnYourBank Actually, there are 48 complaints at the BBB against UFirst head office in Utah, and others registered directly against agents in the U.S. and Canada. Having attempted to use the BBB to help a client get a refund, I know 1 of those 46 "resolved" complaints simply resulted from UFirst saying "No" to the refund request, because it was made more than 3 days after the purchase was made. It took 2 days just to get her MMA login info. 3 days is all you have to get a refund. Look it up.
itscraighansen 1 year ago
Dear IDIOTS...
Debt is Debt... There is no magic "eliminate debt pixie dust". If you owe debt, you have to pay back that money!!! The ONLY WAY to clear out debt is by paying off debt. Shuffling debt around different accounts via software programs does not eliminate debt. No matter how you electronically tap dance around the bank will get money back and interest payments while you are using their money. SCAM CRAP!
stevenabb 2 years ago
I haven't visited these comments in the last 2 weeks, and in that time, my comments have been voted down by 7 votes or so (and effectively off the page), while UFirst agent TeamSue's comments have generated +7 votes.
Nice, TeamSue.
For anyone who wants to learn about what uFirst are actually selling, click on "Options" just above and show "all comments".
You can also simple gogloe the company, and follow the conversations at Scam dot- com, Fatwallet, The Simple Dollar, Bargaineering, etc.
itscraighansen 2 years ago 2
If anyone has questions about United First Financial give me a call. I will show you how the program works and I can do a internet webinar with you. My name is John Goodall and my cell phone number is 719-494-5865.
dieselsmoke21 2 years ago
Great video. This is what I have been telling people. Make an educated decision. Thanks.
djk0226 3 years ago
If you click on the author's profile, "Diggin4u" stopped diggin' 5 months ago. Just one more UFirst agent who couldn't sell the scam.
The fact that UFirst have an office is no proof that they are a good company. Enron had a very nice office.
As for the BBB listing, they are up to 9 complaints, all settled. They obviously care about that listing. If you want a refund, register a complaint there. It's your only hope.
You can learn more about the MMA at Fatwallet -dot- com and Scam -dot- com.
itscraighansen 3 years ago
Great advise!
freehotelrooms4u 2 years ago 4
Very good preliminary research on the company. The company and product are certainly legit, but the simple fact is this is another MLM. That means that the product, while functional, is not where the real money is made. You make money by recruiting agents (usually from friends and family) and making them your downline. As with most MLM's and pyramid schemes, it works until the bottom of the pyramid is filled and then the people on the bottom get nothing. Be prepared for this.
ccrider77 3 years ago 3
Ccrider.... UFirst is NOT like an MLM in the way you say. Agents don't make even one penny by "recruiting" other agents. There is only a one time fee of $175 to be an agent and we don't make any part of that. ALL money made by agents is made through commissions, over-rides of other agents commissions, and bonuses. Just like a typical Indep Insurance Agent pay plan.
TeamSue 2 years ago
It only takes $175 and an online quiz to become an agent. And it's impossible to fail the quiz, because if you do fail it, you retake the questions you got wrong until you pass.
It must be very comforting to prospective clients that it's easier to become a UFirst agent than it is to get a library card.
And yes, $2500 of the $3500 cost is paid in commissions, but your first two sales earn you $450, and the rest of the $2500 goes to your uplines. Most new agents don't get past 2 sales.
itscraighansen 2 years ago
You said most new agents do not get past 2 sales. Why is that? Are you an agent?
freehotelrooms4u 2 years ago
Because there have been about twice as many sales as there are agents. Therefore, most agents have fewer than 2 sales. Typically, the first sales go to relatives or friends (the easiest sales, and the ones with the lowest commission). Once you've tapped your family, getting a stranger to give you $3500 in exchange for broken and inefficient software is rather difficult, as thousands of agents have discovered.
itscraighansen 2 years ago
Sounds good to me, help people get out of debt by selling them a $3500 computer program. I hope they take plastic.
mountainsoloist 3 years ago 8
They do and I personally USE THIS SOFTWARE. I had 27 1/2 years left on my mortgage and now (without changing anything in my lifestyle) I will be TOTALLY debt-free in 9.8 years. THIS SOFTWARE CANNOT BE BEATEN BY ANYTHING ELSE OUT THERE.
backdraft999 3 years ago
The software can be beaten by any free mortgage prepayment calculator you can find on the web, by Quicken or MS Money, or by this simple calculation, once per month:
[month-end bank balance] - [contingency] = [prepayment]
Apply that simple, 10-second calc to your financial situation, and the MMA loses.
If the question is which debt to accelerate first, the fastest way is always to pay the higher interest rate debt first. Period.
None of this, of course, will help you sell the MMA.
itscraighansen 3 years ago
Speaking of "digging", the master list of UFirst agents has been released. There are almost 60,000 agents. By agent estimates, there have been 120,000 MMAs sold.
For anyone thinking of selling the MMA, ponder those numbers for a bit. New agents only keep $450 of the $2500 total commission. The balance goes to the uplines in the pyramid. The vast majority of agents aren't making any decent money at this, but the few people at the top are getting rich.
There's some "digging" for you.
itscraighansen 3 years ago 3
You are partly correct; a new agent completes two training sales where they split the commission 50/50 with their training supervisor. The first commission will be $450, the next typically $500, and then their first full sale $1000 and up from there. Compared to the amount of rigamarole involved in closing mortgage loans these days, helping clients get out debt with the Money Merge Account system is a nice commission.
oglethemogul 3 years ago
Exactly. But remember, to get to $1000 (still only 40% of the total commission paid) you need 2 sales.
By the numbers, *most* agents have not made 2 sales.
There are also costs associated with being a UFF agent. Just becoming an agent and getting a UFF-branded website will wipe out the first commission.
Even if you somehow convince people to buy the MMA, you haven't helped them. It is faster, easier, safer, and cheaper to accelerate your mortgage without the MMA.
itscraighansen 3 years ago 6
It costs $175 to become a registered agent. By comparison, it costed me about $1500 to get my real estate license, and $500 for my loan officer license. Many people get burnt out by the negativity they receive when approaching people about this product. That's why they don't make it past 2 sales. As far as accelerating your mortgage (Version 4.1 handles ALL debt) faster and easier without the MMA, I am all ears.
oglethemogul 3 years ago
The MMA is, at best, a $3500 behavior modification tool, and I doubt it's very good at that, either.
There have been countless online challenges and comparisons. For a full explanation, search the forums at Scam (dot) com and Fatwallet (dot) com. But mostly, if you're really a loan officer, do the math. Even floating your entire income for a month has a minimal effect - most of the MMA savings are due to simple prepayment.
itscraighansen 3 years ago 10
This is NOT a behaivor modification tool. It's simple to follow and you don't change anything in your lifestyle. Check out joinu1st website and watch the demo video... Why can't people believe that there is actually something out there available that will ACTUALLY HELP you get out of debt??
"Those who understand interest will earn it. Those who don't are doom to always pay it."
backdraft999 3 years ago
The "no change in lifestyle" claim is a lie, and UFirst doesn't even let you use it. Check your agent agreement. The MMA kills cash flow to prepay your mortgage, but it is easier and faster to simply prepay yourself.
People need a budget and a plan - not a magic pill.
As for understanding interest, UFirst is churning out an army of financial illiterates. You would be well-advised to search out the pages I mentioned above and learn how inefficient and broken the MMA really is.
itscraighansen 3 years ago
Where you an agent or a client? I am thinking about joining.
freehotelrooms4u 2 years ago
backdraft999 I love UFirst and I do think that behavior modification is a component of why clients are successful with it. They don't HAVE to change their budget or lifestyle since the Analysis is based on their current budget before they buy the program. That said... once people have the "dashboard" to show them their financial picture in real time, many DO change their behavior. Most clients gets 15-25% BETTER results than their Analysis showed them because they become more disciplined.
TeamSue 2 years ago
How high up the "pyramid" does your work value and paycheck go up the pyramid at your 9 to 5?
HandsomexRoyalty 3 years ago
Excellent video! And an excellent company indeed! The cost for the program does not have to come out of your savings. When you look into this service further, you will see see how you can do this without any out of pocket expense. And, more importantly, the cost is an investment and like all GOOD investments, the thousands of dollars in return is what makes this product awesome! I urge you all to get an Agent...today! The only thing you have to lose is your money!
FinancialLeader 3 years ago
"The only thing you have to lose is your money!"
Thanks. That's what I've been saying about UFirst all along.
itscraighansen 3 years ago
Nice video. I have done some research also. This summer I found over a dozen other companies that offer a similar service as UFF. And more companies are appearing on the internet everyday. They range in price from $200 to $3500. Each takes a different approach in marketing the product and what they have to offer.
mortgageaccel101 3 years ago
thank you for this video
gjs455 3 years ago
HI, kYLE,AKA, DIGGIN4U,
PLEASE, INVESTIGATE EQUITY GINIE FOR YOUR AUDIENCE. YOU DO A VERY GOOD JOB. THANK YOU.
mepipeline 3 years ago
I wonder if I could use my savings since
I am already retired with only fixed income
and some assets accumolated.
Hey, Mr. Diggin4u, keep up the good work but,
are you working for United First Financial??
If not, they would love to hire you.
mepipeline 3 years ago
There are many scams out there this helps give objective information Only deficit I would like addressed is the cost of each program. Thanks for all the work. To answer your question YES I would like an analysis of Equity Genie et al.
cougrrr8 3 years ago
Thank you. Very good work.
healthinthejungle 3 years ago
Thanks for you help. There seems to be alot of these programs out there. Could you do a video on the "Equity Genie" and "Smart Equity". Thanks.
edspringer2 3 years ago
Hey nice job ! good info
DAILYCASH411 3 years ago
I am an agent for U1st. I was skeptical at first because the program does seem to good to be true...but it's not. It's math! This program is saving people's homes. I have just returned from our National Convention and the newest version of our software is going to be able to help even more people. There will always be skeptics, but I think of it this way. What if you were able to get in on the ground level with Microsoft or Mcdonald's? Something to think about...
tanyab2816 3 years ago
I've been on this for a year and everything that they do is legit. It is not a scam.
turkeysdad 3 years ago
I have been on UFirst MMA for about 3.5 months and I have alway cut my mortgage by $12000. Yes in 3.5 months. in all of 2007 I didn't even pay $3000 to my principle. so I am very happy with it. the truth is that I will have never done it without the mma. Sadly people are just not that discipline. So if you think you can do it on you own, go for it. Ask youself how you have actually sent extra to your mortgage 3 months from today and most of you would have done nothing. that the truth.
mrsferrer08 3 years ago
You know, if this was so easy to do as you think it is Decepticom, don't you think more people would be doing it? This product has merit, and for me, it is well worth the money spent. My 29 year note is on track to be paid off in a little over 9 years, and I am going to pay $170K less in interest than I would have before. Am I a fool? I dunno...let me see, spend $3500, save $170K...
huskerdiamond 3 years ago
Lots of people are prepaying. If you are on track for <10 years, you're prepaying too. The MMA just puts a smoke-and-mirrors HELOC between you and your mortgage. The mechanism by which you are paying down your mortgage faster is prepayment in the form of transfers from the HELOC. Do away with the MMA fee and the HELOC, and you could be paying off the mortgage even faster.
giantslalom25 3 years ago
Look...all I know is that I have already shaved three years off my loan and I've only been on the system since July last year. The guy who told me about it is on track to pay his 2 year old, $450K home off in 5 years, and he has already cut 6 years off his mortgage. Besides the fact that I am using the banks money to do this (leveraging other people's money, like my friend said), why wouldn't a person try this? It works...period!
huskerdiamond 3 years ago 2
And with all the money you've shoveled into your HELOC, plus the $3500 you didn't have to spend, you could have shaved off even more time. Look up an amortization calculator that shows the effects of prepayment on the web. Plug in your starting point as of last July. Then add whatever HELOC transfers you've made to to the mortgage. Presto! Three years shaved off and thousands in interest "cancelled".
This isn't rocket science. It's what happens when you prepay. The HELOC does nothing.
giantslalom25 3 years ago
Hey...again, all I know is that it works. And if this was all so easy, as you say, wouldn't more people be doing this already? Again...I am USING OTHER PEOPLE'S MONEY TO DO THIS WITH THE MONEY MERGE SYSTEM! Why in the world would I use my own money if I can pay this off drastically without changing my lifestyle or spending habits?
huskerdiamond 3 years ago
You're talking about the HELOC thing? You're borrowing a few grand, timing your pays and your bills, and paying a rather high interest rate on the average daily balance. In exchange, your mortgage balance is lower, saving you roughly the same amount of interest every month as you spend on HELOC interest. It's within pennies. The $3500 you spent at the beginning means the MMA will never beat a simple DIY approach of [checking balance after bills] - $1000 (say) = [month-end prepayment].
giantslalom25 3 years ago
As for changing your spending habits, of course you are - you're piling everything into your HELOC, and every 2 to 6 months, you're throwing a chunk of money at your mortgage. Don't get me wrong - it's good to pay off your mortgage, but the MMA is like a crutch for someone who has 2 good legs. And lots of people are doing this. I did it. You just need to make more money than you spend. Of course, the MMA needs the same thing. Read the UFF FAQ page if you don't believe me.
giantslalom25 3 years ago
Also, enjoy my comments while they last. They are completely factual and not insulting at all, but Kyle (Diggin4U) will delete them when he logs back on.
Look at the comments of "payitofffast" below. His replies are all that remains of my earlier comments to this video.
giantslalom25 3 years ago
Look...what I know about finances, you could put on a postage stamp...But, since using this system, I have made six transfers from my HELOC to my mortgage totaling $34,916.42. The total interest that I have paid on the HELOC in that time is $488.69. So...the rate of interest on the HELOC that I paid actually amounts to about 1.4% High interest? Hardly. If the bank advertised a rate like that, they'd be over run with people trying to get money that cheap...
huskerdiamond 3 years ago
Not figuring interest correctly...?
You know something....what I did was take figures that the bank provided me...my statement. The interest charges are what I have been charged to date. That DOES come out to 1.4% even WITH the balance in the HELOC as it is right now...
huskerdiamond 3 years ago
I believe the numbers are real. But dividing $488 by $26,916 does not give you an interest rate. To get the interest rate, you'd have to divide the $488 by the average daily balance in the HELOC, then multiply by the number of months charged (10), divided by number of months in a year (12). Look at your HELOC statement - what would be a fair average balance? I guessed $7000. I'm probably not off by much.
Your effective HELOC interest rate is around 6% - a pretty attainable mortgage rate.
giantslalom25 3 years ago 3
Scratch part of that - no multiplication by 10/12 required. In my defense, I have a cold.
That means your effective interest rate is actually $488/~$7000 = ~7%. If you can tell me what your actual average balance was (just get a feel from the statements - no need for a calculator), we can get even closer.
Assuming your mortgage rate is less than 7%, you're not winning on either end of this. You're losing with the fee, and with the HELOC.
giantslalom25 3 years ago
OK, the actual calc:
$488.69
/10 (to get the interest for one month)
=$48.87
/$7000 (average daily balance)
* 12 months in a year
=8.38% effective annual HELOC interest rate
Wow. I hope your average daily balance is less than what UFF shows in their examples.
giantslalom25 3 years ago
Well...I did do one thing wrong and that was figure out the effective rate of interest on an annual basis...should be closer to 1.68 percent...still pretty damn good.
huskerdiamond 3 years ago
It's nowhere near 1.68%. Explain why it is.
If you'll get me your average daily balance, not to mention the interest rates on your HELOC and mortgage, we can make a fair comparison. From the UFF "15 minute overview" video on their site, the HELOC balance is ~$10K, at its lowest. It's just not smart to carry $10K at a higher rate of interest all month. If you are, the HELOC shuffle can only reduce your effective interest rate a fraction of a percent from the HELOC rate. It's not worth it.
giantslalom25 3 years ago
You seem to be a Shill for the maker of this video or perhaps you are the maker of the video pretending to be someone else?
jizzmonger 3 years ago
Kyle,
Thanks so much for doing your research. I am very glad someone finally took the time to check up on the Company. It is tough these days to get the message out with Americans being so worried since they have been scammed so many times before by people claiming to help them. I can only hope that people see this video and realize we are for real and we are out there to help change the financial struggle that is hurting families across America.
Senior Branch Manager
Clark Wealth Builder
bac3255 3 years ago
Also why would a person want to attempt to crunch the numbers every month, i personally don't have the time, as do most americans, i like the convienence of the software, and i'm not using my own money to send to the mortgage. Simple
payitofffast 3 years ago
Why would i wasnt a 6% mortgage it's still going to be for 30 years, I'm not going to refi, trust me i'll have it paid in 8.2 years, using the banks money and not my own. Good luck to you.
payitofffast 3 years ago
When you purchase upgrades on a home through a builder lots of buyers include these upgrades in thier mortgage, on average the upgrades are between 20 and 50 thousand dollars, you pay about $4.00 a month for these upgrades over the life of the mortgage, what is your point about $3500 when i'm saving $25,000 in interest the first year and reducing the 30 year mortgage by half leveraging the banks money, same principal as including your upgrades with the builder over 30 years.
payitofffast 3 years ago
It's a great program, i've been a mortgage broker for 10 years, the only people that don't get this are the stupid ones, i deal with those types everyday.Don't forget this months issue of Personal Real Estate Investor Magazine did a 6 page article on the MMA and awarded it the Editors Choice Award, this is a national publication that you can buy at Borders Books and Barnes and Noble. Not to mention Broker Banker and Mortgage Planner magazines.
payitofffast 3 years ago
Also the majority of competition out there uses a heloc or require the customer to get a second mortgage. Also are you the type that keeps refinancing and paying those rediculous closing costs that they charge, i paid $13,000 in refi fees last year and i still have a 30 year mortgage. The heloc with this program pays off at the same time as the house, remember you must deposit your income into it so that it see's this as a payment, but your still going to pay your normal bills with the deposit.
payitofffast 3 years ago
The rate of the heloc doesn't matter, because of the way you are using it, a little interest is an understatement, i will be saving on a half a million dollar home about 600,000 in interest, the first year i will be saving 0ver $25,000 in interest, the $3,500 fee is well worth that amount of interest savings, americans like convienience and thats what this is about, software doing it for you. Again It's not pre payment, your obviously not using it, you don't know how it works
payitofffast 3 years ago
This isn't prepayment, this is using large lump sums from a line of credit then depositing your income into the line of credit. The line of credit see's this as a payment thats why the MMA software wants you to keep your money in the account the majority of the month, I use it and it works, If you leave your income in the account and pay your bills with a credit card then at the end of the month pay your credit card off it maximizes the performance of the MMA.
payitofffast 3 years ago
You cant argue with clients results. I am not here to argue with you CP. Speak to actual clients. Ask them if they feel ripped off or scammed as you would say. Finally there are many solutions to a problem find one that works for you and go with it. If U1st does not work for you move on and help people with your way. I am not going to knock your way because it is different, have the grace to do the same.
Finally the math works and works very well for my customers who are happy & moving forward.
fuzbuz11 3 years ago
1. Even if I did the math for you you would not pay attention to it as you have already set your mind.
2. I dont recall ever claiming that we dont use discretionary income.
3. I have shown my clients how it is more effective than simply paying additional payments per month.
4. Watch the overview video on the u1st website and work out the math for yourself its all there.
5. The service is designed to maximize principal and minimize interest based on a clients unique situation.
6. Its not for you
fuzbuz11 3 years ago
"1. Even if I did the math for you you would not pay attention to it as you have already set your mind."
If you did the math, you'd be the first agent to do so. All anyone gets out of UFF agents are reports and summaries. Let's see how it works in the first month, second month, etc. Summaries prove nothing.
cphansen 3 years ago
"2. I dont recall ever claiming that we dont use discretionary income."
Well, a UFirst agent did in video WMLPfAJG-1s
Go talk to him.
"3. I have shown my clients how it is more effective than simply paying additional payments per month."
Fine, then take my challenge and show me. With real transactions - not just summaries.
cphansen 3 years ago
cp please see point 4 the first years number are provided for you there. Honestly my time is better served elsewhere like my family. Your the one with the problem you figure it out.
The person you referred to did not claim to be an agent and if he is he is incorrect about discretionary income.
It's kinda ironic that you, the expert, don't use the product but are offended by the fee while our customers use the product and are not offended and are pleased. Now which one holds more credibility?
fuzbuz11 3 years ago 2
Unfortunately CP it seems for you the cup is half empty. The agents don't just pay $150. They have to get trained and pass with 95% or above. Whats more they have to do two training sales with a qualified agent before even being allowed to sell the product.
The company takes its credibility very seriously and so do I. To insinuate I was duped or manipulated in any way to sell the product is offensive. It works and is helping thousands of families around the country, thats why I am an agent.
fuzbuz11 3 years ago
It appears that Diggin4u is deleting my replies, so your replies are now out of context. Why would UFF agents delete challenges to show their product works? I never insulted anyone, never used questionable language, and never got angry. I just want someone to show me how UFF beats simple prepayment, because nobody has ever show that in detail. Deleting my comments is just plain rude, and only makes me more determined to hash out the numbers and post my own analysis this weekend.
cphansen 3 years ago
Seems too good to be true does not mean it's not true. If we do end up getting an MMA, we'll report back on how we're doing :)
sgracie1 3 years ago
Thanks so much for this Video. My husband and I just heard about this company & are investigating further to see if we should get an MMA ourselves. So far, everything is looking good!
sgracie1 3 years ago
Yes, it really works. I will be making more vids soon.
Diggin4u 4 years ago
Make sure to check my other Video on Equity Genie
Diggin4u 4 years ago
Great research. Great presentation. Why are some people calling it a scam if they are a brick and mortar company? I'm guessing that they have a similar product maybe.
I went to the web site and they make some tall claims. Have you done any research on if people using their product are actually getting the results that were stated? Is it really possible to pay your house off that soon? It seems too good to be true.
vashonoct31 4 years ago
For the gentleman/ma'am above me. If its too good to be true dont pursue it. They offer it 100% money back guaranteed!
Humans flying use to be too good to be true. So did automobiles. Look at our civilization now.....
Do your do diligence and search out anything before you buy into or do business. But this company is for real and is out to revolutionize the real estate market in America. And they're doing just that!! :)
turbo6186 3 years ago
Broker Banker magazine has 4 pages of customer testimonials. Most Agents are users themselves and should be able to arrange a call with a branch manager who will have a client or two willing to get on a call and describe their experiences.
fuzbuz11 3 years ago
It's too good not to be true! I use it and it works!
payitofffast 3 years ago