Merge Merge Account By UFirst Financial TV Segment

[wizbiz777]

This is Great! I am on the program and I love it!

[cphansen]

You're an agent. Which do you like more - the inefficient software, or the commission structure I posted earlier?

[evanity808]

My mother is paying her mortgage off in 5.6 years and savings thousands of dollars in interest. The Money Merge Account (MMA) program really works and there is a 100% money back guarantee. I highly recommend it to anyone with a mortgage. They are changing how mortgages are being paid in the United States and in five years this will be very common.

[mjscribber]

I just started MONEY MERGE and i am totally loving this new way to pay your mortgage off quicker!!!

I feel like i am in controll!!!!

[cphansen]

If a MMA is what you need to get your spending under control, by all means, go for it. The MMA is, at best, a behavior-changing tool. It won't pay your mortgage off any faster, and no UFF agent has yet taken the challenge (at YT or elsewhere) to prove that it does. But I will acknowledge that a very small percentage of people may change their habits, because they paid a lot of money for the software. Kind of like the few people who actually use their Bowflex exercise equipment.

[helix400]

UFF = scam. A $3500 smoke and mirros scheme. You can *easily* beat UFF by taking your extra money, and putting it towards your home. (Which is what UFF does, for a $3500 fee of course).

[truthforamerica]

This product is garbage! Just get on a budget and use the 3,500 to pay on the principal! The twits who sell this crap should be ashamed of themselves.

[turbo6186]

For those who think they know what this is and think its a scam.. Let me just say, its not new! This concept has been around for YEARS..... Its just marketing it big in the States now. It is a great tool, wealth builder, financial savings, etc.. I dont care what anybody negative has to say. Go put your energy and time on the better business Bureau and you wont see a thing about UFF.

Good day.

[cphansen]

Once more, show us the math. Show us how it works. Even ONE month of money movements would be more than any UFF defender has posted.

[cphansen]

*crickets chirping*

[cphansen]

Wow, a Google Search on United First Financial provides great results. Check out the results at Fatwallet. It's a never-ending parade of UFF sales associates, trying to defend UFF from criticism. They can't avoid the basic math that sinks their arguments. Eventually, they leave, or agree that UFF is a behavior tool only - and that the results are worse than simply prepaying your mortgage (like I've been saying).

Also, the UFF commission is $2500 of the $3500 cost! No wonder you defend it!

[coptic777]

cphansen the commission is not $2,500 which goes to prove you do not know what you are talking about. My mother is on the program for 3 months & it's working period!!

[cphansen]

The total commission paid out *is* $2500. The actual selling agent commissions depend on # of sales made:

Associate Trainee: $450 (first 2 sales)

Associate: $900 (5 total, then promoted to...)

Sr. Associate: $1012 (6 more...)

District Mgr: $1125 (7)

Division Mgr: $1237 (8)

Director: $1350 (9)

Branch Mgr: $1575

Your upstreams get the balance of the $2500

So, once you pay your $175 and watch the videos, you can begin to wreck havoc on people's mortgages (no experience or credentials required).

[cphansen]

Now, there are two scenarios for progressing through the Associate ranks faster, and $225 of the $2500 total commission is in "bonus pools", but UFF claim a $2500 total payout.

Did you not view that training video? UFF should revoke your diploma.jpg

[cphansen]

I can just as easily say that Mary will take 18 years with the UFirst system - that doesn't make it true. ***Show me an amortization schedule*** for even a few months of the UFirst system with a HELOC (ALOC) on top of the primary mortgage, compared to simply applying discretionary income to the primary mortgage as extra payments. Just show us how long it takes to make up the $3500. Use Google Apps if you can, so we can all see your formulas. Otherwise, I can model it in Google Apps myself.

[cphansen]

I'm still waiting for that amortization schedule. If you can compare the two methods of paying down a mortgage, you must have an example in front of you, right? You wouldn't just come up with "pay the first mortgage off in half the time" without running the numbers first, would you?

[jkkellerr]

I will assume you have been to a presentaion yourself and you have had your own financial numbers run by a UFirst agent. If not how can you compare it to your own "spread sheet." Now, if Mary, who is our real example used in the presentation you have seen..., were to do it herself could pay off in 15.10 years on an amortization schedule, however, with the software it is 11.9 years and she is now 15% ahead of schedule since beginning in program in Mar 05. Can she keep up indef on her own?

[cphansen]

Just to make sure we're comparing apples to apples, I need the following info for "Mary": Her after-tax income and expenses (monthly or bi-weekly - your choice), principle on her first mortgage, interest rate for her first mortgage, interest rate for the ALOC, and starting bank balance. Let's do these numbers properly and find out who is right.

[cphansen]

Still waiting for hard numbers from you, or any other UFF agent. Like always.

Feel free to use Google Apps or post a table to any free file hosting site. You are the one making the claims, now back them up.

[cphansen]

OK, you seem to be the most realistic U1st rep I've seen. Now, please be the first to post a typical amortization table for a MMA vs. a standard mortgage. I have YET to see this basic demonstration of how an MMA can "pay the first mortgage off in half the time". Your words. Actually, other U1st reps have been even more aggressive in their claims.

[jkkellerr]

ok, 1) the bank says refi, it cost you 6k; savings none, years reduced none, use it on one property. MMA cost 3.5K, saves a third to a half the years, saves 10's of K's in $, use it on more than one property. 2) the bank says put extra $ toward principle, what extra $'s. 2) By weekly bank scam...the bank is the winner on that one. These are all viable programs and do save years and interest. The MMA takes these to another level, takes the guess work out. I look forward to dialoging w/ ya.

[cphansen]

What "guess work"? This is a mortgage, not a poker hand. The only guesses you are making with a mortgage is your future income and future interest rates.

And I'm still waiting for an amortization schedule. If one of you guys don't produce one, I'll have to do the math for a bunch of "mortgage experts". That would be sad.

[joepappas1]

You know with this program there is so many advantages and yes some disadvantages like the cost but I refinance people every day who don't save nearly the amount of money you do with using a HELOC and becoming your own bank. You are not putting out any if not just a little out of your pocket to pay the first mortgage off in half the time. The bi-weekly program requires you to and it doesn't cut half the time off the MMA helps you to do. How do you know how much and when to pay against your 1st?

[cphansen]

OK, so you're moderating comments. I'm not surprised. Here's my challenge: Post an amortization table of a U1st HELOC compared to a standard mortgage. Include the extra $3500 in the HELOC. I've issued this challenfe to U1st reps before, and no takers. You would have the distinction of being the first.

[cphansen]

Whoops, you're not moderating comments. My bad. I'll re-compose my reply to an earlier comment and try again.

[joepappas1]

I am a mortgage banker of 19 years and there is no better way of paying your mortgage of sooner. Only about 2% of people will have the dicipline to work this on their own. Why pay more money out of your pocket to pay off your mortgage early when you don't have to.

[cphansen]

If 98% of clients lack the discipline to prepay their mortgage, how does the software instill such a sense of purpose? Shock therapy through the mouse? You can use any budgeting method or software to determine how much you have left over after each paycheck, and put that against the HELOC or mortgage. Feel free to do the math for me and show how the $3500 fee plus any extra interest or bank fees for using a HELOC as a checking account are more than offset by the interest savings.

[joepappas1]

Ok, first of all yes, you can do this on your own and that is what makes it not to good to be true. Anyone can do it on their own. (I agree). Not everyone is as smart or diciplined as you or I to be able to do this on their own. That is why we pay our financial planners and mortgage people to give us our options and handle the rest for us. This program will help they stay on track to save the money. You make up the $3,500 in 6 to 7 months as compaired to 2 to 4 years with a refinace.

[teglenn4432]

bogus! sure it will work but so will doing on your own...just a sleezy multi-level marketing scheme.

[joepappas1]

Now that you know about it have you set it up and are you doing it on your own? Let me know.

[mjscribber]

i have been doing this 4 a year now it's nothing bogus about it!!!! it works.

you'll just b one of those idiots paying your house off in 30 years; while my home will b paid 4 in 6 years!!!!! YAY!!!

I also have been taking that extra money im saving in intrest and using it for vacations and home improv. without refinancing.

YOU R BOGAS!!!! A KNOW IT ALL IDIOT!!!!

[nobodybidness]

Does anyone know a way around this problem:

This product requires a HELOC (home equity line of credit). Basically, you use your HELOC as your checking account, and save yourself interest when the money is in the HELOC.

Lenders are freezing the HELOC's! Two of my friends had their HELOC's frozen only for declining property values. They had just deposited their paychecks into the HELOCS! one was Indymac, the other Wells Fargo. Both have scores over 720. Both need that money out!

[joepappas1]

I have gotten people personal lines of credit that work the same as Home Equity Lines of Credit. You can use an open line of credit that has a hefty credit limit on it. You can find a no doc on callaterized busines line of credit that will be able to be used.

[nobodybidness]

I agree that this is a much better idea! Also, those who don't have the credit can develop it quickly at creditloader dot com.

I think the non-mortgage LOC, if you can get it, is the right solution.

[PattyPalma]

The Money Merge Account is the best thing since sliced bread..I am a customer and an agent. Let me prove it to you call 609 601 5299. Patty...I pay $300 for referrals !

[pbl1]

fake newscast! Program works, but is a rip off. Save the $ 3,500 and just pre pay mortgage on your own.

[joepappas1]

For people like you YES I agree. So, are doing it now that you know about it? Just wondering

[mon12ey]

GREAT PRODUCT! A no brainer for any homeowner!

[looknn]

Hello Everyone!

As a seasoned Mortgage/RE Broker, a U1st Agent & user, this program is ABSOLUTELY PHENOMENAL! Call me for a FREE ANALYSIS. Contact Ty @ (925) 497-3502. I will pay $300 for your referrals!

[mortgageSlayer]

This program absolutely works.

Contact me and receive $300 for your referrals.

[barblkelly]

Hi Everyone Here is the video of the MMA program. Call me and I will get you up and running. 215-805-2959 Thanks Barb

[fyrmun37]

John.........Here's the newscast from Vegas on the Money Merge Account. Forward it to Barbara for confirmation of U1st.