U First mortgage

U First Morgage Tutorial

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Education

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• First
• Mortgage

[cphansen]

Want a simpler, cheaper and faster solution? Here:

Month end bank balance

[minus]

Contingency amount

[equals]

Extra debt payment

Pay that toward your highest interest rate debts first. It will beat the MMA every time.

Always talk to a financial professional first, and consolidate high interest debts into lower interest loans where possible, but after the minimums are paid, service the higher rate debt first, and you'll beat the MMA.

[cphansen]

Hi Tammy. I thought people here should know that you were basing your "2 yrs vs 25" on a $60K+ credit card debt (no mortgage). The 25 year payoff estimate was based on paying the minimum payments on all the cards. The accelerated timeline is simply due to the fact that you reported $1800 in monthly discretionary income.

There isn't an idiot in the world with an extra $1800 coming in each month, who wouldn't put that money towards a 27% credit card without the MMA. Except, perhaps, you.

[cphansen]

Tammy, by now you're aware that I reported you to Compliance at UFirst for your unverified claims and your disagreement with detailed (complicated) instructions from UFirst Agent Support, so I assume they told you to stop posting and making UFirst look bad. You haven't been back for 3 weeks, but that just isn't like you. You should take a page out of agent Sue Copening's book and post under a pseudonym (her's was "Bob Trout") so you don't get in any more trouble with Compliance.

[cphansen]

Tammy, someone (you?) tried to get my remarks labeled as "spam", but the answer remains:

Those instructions are not mine. They were written by United First Financial "Agent Support Manager" Derek Brown. You are saying that your own agent support manager - who is a corporate employee - has no clue?

You used to be quick to respond. One week later, and still no answer to that one. Are you busy telling Derek how he doesn't know how the MMA functions? You go tell him. Let us know how it goes.

[cphansen]

Perform what function?

Tammy, you have access to UTracker, so go run some numbers before I do it for you. I'll gladly prove just how inefficient the MMA is, just as I've done at scam-dot-com and elsewhere. Google "Conversation with a UFirst Agent" - it's comedy gold.

"The MMA doesn't give an opinion, it provide factual, undisputable mathematical results. PROOVEN! SIMPLE! EDUCATIONAL! SMART!"

Thanks for that one. I'm surprised you didn't pull a Homer Simpson and spell it "SMRT!"

[MortgageFreeForLife]

I can't understanf why you would advise anyone to perform such a function? You clearly have no financial accumen or education, and are simply making false statements about the MMA. I think anyone who reads your comments will see that you are no different than the guy at the water cooler. "all talk" - no proof - just an 'opinion'. The MMA doesn't give an opinion, it provide factual, undisputable mathematical results. PROOVEN! SIMPLE! EDUCATIONAL! SMART!

[MortgageFreeForLife]

The MMA was designed to be simple to use and keeps the controls in the hands of the consumer. People are more likely to make better choices when they see what they are accountable for and what it is costing them to ignore the advice of the software. MMA is simply another option for consumers to assist them with fast, debt elimination that is risk free.Ppl really do want to get out of debt. They either lack the knowledge or are un-disciplined about their finances. The Analysis is FREE. Try it!

[cphansen]

Sure, you can use other forms of debt, but the HELOC typically provides the best interest rate and is the first choice. Run some sample numbers if you want. When you move from a HELOC at 8% to a credit card at 15%, watch what happens to the payoff date. And of course, added activity on your credit card is dangerous as well, as credit card debt is an easy trap to fall into.