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kissmylayoff
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Posted: Monday January 1st, 2007 12:01 |
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Have you ever thought about what you would do if you no longer had a mortgage payment?
If we could show you how to payoff your 30 year mortgage in as little as eight to ten years (or less), without any changes to your current lifestyle..Would you want to know MORE?
Through an innovative program called the Money Merge Account or MMA, homeowners across the nation are paying off their mortgages in a fraction of the time WITHOUT refinancing! Without increasing minimum monthly payments AND without any lifestyle changes!
This interest-reducing program uses banking systems which have been around for decades, and innovative software to provide homeowners with the tools necessary to achieve the greatest time and interest savings imaginable!
The MMA program consists of three components:
** Your primary mortgage!
** An advanced line of credit!
** INNOVATIVE MMA online software!
The MMA works virtually just like your standard checking and savings account, EXCEPT it has the ability to offset LARGE portions of INTEREST on your mortgage EACH TIME you deposit income into your account!
Sounds Too Good To Be True? Then Put Us To The Test!
http://www.U1stFinancial.com 
Here are some satisfied homeowner testimonials!
At first it seemed like something that was too good to be true. We had to start thinking about things in a totally different way but it has been completely worth it. It has given us more freedom, more breathing room, and it feels really good. It helps you reach your goals and see the light at the end of the tunnel. I love the fact that we are so much more aware of our financial well-being at any given time. The software is helpful and the technical support that they have is amazing. We always get a call right back and they are totally willing to talk you through things and help you problem-solve. We’re sharing this with our entire family.
— Jeff and Terry Hinson
My sister started this same program and started convincing me that I should give it a try. It’s pretty amazing because it’s already saving me $500 a month, just because of the way that it has restructured my payments. I also love it because it shows me exactly where I’m at and I can check on the website at any time to see my progress. I’ve done the math and I am saving so much money in the long run than I would just by having a conventional mortgage. I would totally recommend it and I already have. When you find something that works, you just want to give people a heads up and let them know how they can save money too.
— Dave Michaelson
This program has worked great with our lifestyle because it just gives you so much more time. It lets you completely manage your finances and gives you total control. It’s like you can feel yourself getting out of debt because you can see it right in front of you. Whenever I make a transaction, it’s just so simple and clear. I have recommended it to a lot of my family and friends and I would recommend it to anyone. Everyone should have the opportunity to get out of debt and this is such a great way to do it. Everyone I have talked to at United First Financial has been so honest and upfront with me that I feel like I really have found a way to accomplish my financial goals.
— Susan Meyers
One of the most amazing things to us about this whole process is how we have been able to take our money that was just being wasted away or sitting in an account that made no interest and use it in an organized way and see how much difference it made in our progress towards paying off our mortgage. We’re not losing anything in the process... we seem to buy the same things that we always have but the money is just more efficiently used. I think that if we can do it, anyone could and it’s just an incredibly positive feeling. Some things seem like they’re too good to be true, but this one is the real deal.
—Lee and Carol Gross
When we recieved a mailer from United First Financial, it sounded like an intriguing opportunity. Our goal for a long time has been to pay off our mortgage as quickly as possible and this seemed like a unique tool. Once we had a chance to talk to the actual agents at United First Financial, we were convinced. They were so professional and helpful and explained everything to us in ways that we could understand. That hasn’t changed at all. We have had help every step of the way. They have shown us exactly how to use the program and whenever we have a question, they are always available or quick to return our call. This has been something really special; usually you get a recording or something, but with this, there is always someone available to help you. We have been very impressed.
— Mark and Carol Stevens
When I first heard about the Money Merge Account, it just seemed like it had so many options that I hadn’t even thought of or explored before. Now that I’ve started, it’s hard for me to even explain to people how much it really helps. I have so much more flexibility with my money. It makes it possible for me to achieve my goals. I know that it will save me money because it is already allowing to use my money above and beyond what I thought it would. It has opened the door for me to do things that I hadn’t even expected. I have already recommended it to friends. If I had one thing to say about the program, it would be that people are not going to believe what a value it really is.
— Sherry Collins
Last edited on Monday January 1st, 2007 12:03 by kissmylayoff
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Happiness
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Posted: Monday January 1st, 2007 14:43 |
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@Kiss my Layoff - what is your connection to U 1st Financial??
I notice that you did not disclose how much it costs to enroll in U 1st Financial's program.
This looks like a complete and utter scam to me and I hope no-one on BN is foolish enough to take this seriously.
@All - if you are interested in paying off your mortgage early, you can set up the early payment schedule yourself without having to go through all the drama of U 1st financial - and it wont cost you a thing!
There is no need to open up an equity line of credit in order to pay off a mortgage! You'll end of jeoparding your home and I wouldn't be surprised if U 1st Financial forecloses on alot of properties and this is actually where they make their money.
If it's too good to be true - it probably is.
Last edited on Monday January 1st, 2007 14:59 by Happiness
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kissmylayoff
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Posted: Monday January 1st, 2007 14:56 |
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Am a newly aquired agent with them. I already have 2 team members signed up under me (1 under me and the other, under them) with 2 more expected on board real soon! I expect to close on my first sale in the upcoming week or so!So, this is going to be a very good year for me! Put it this way; for my investment of $150 and to close on a first sale at $900--isn't a bad way to recoup it, with a product every homeowner needs..don't you think?
Okay, U1st's Compensation plan is like this: It's done in groups of 5 sales:
1st Level: Independent Associate: $900 x 5 = $4,500
2nd Level: Senior Associate: $1,012 x 5= $5,060
3rd Level: District Manager $1,125 x 5= $5,625
4th Level: Division Manager $1,237 x 5= $6,185
5th Level: Sales Director $1,350 x 5= $6,750
6th Level: Branch Manager $1,575 (the highest level you can reach!)
So...if you have a team, your 5 sales can be a combination of yours and theirs, meaning that you don't have to do all the work! All you have to get is 2 and the other 3 can come from any one of them which then automatically moves you up to the next level! Also, these figures don't include all the 'override bonuses' and bonus pools that you will share in. It also doesn't reflect the monies you will get if you sign up a mortgage broker...there is a totally seperate bonus that comes with them making a sale. I believe it is something like $135 off of every sale they make plus your normal commissioned rate! So, this company's payout rate is totally awesome and through the roof! Very unconventional from a business standpoint!
Here's to hoping you had an awesome ringing in of the NEW year! It's now a brand new day and time to get up, go out and get....PAID!!!
Last edited on Monday January 1st, 2007 15:00 by kissmylayoff
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Happiness
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Posted: Monday January 1st, 2007 15:00 |
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| mmmm... you'd better read my edit to my last post
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If you think that the only way you can survive is in the misuse of people,
then you haven't even begun to think about what it means to be human" ~ Dr C.T.Vivian
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kissmylayoff
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Posted: Monday January 1st, 2007 15:03 |
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| If you haven't seen the information, how can you make such a 'flip' judgement' off such an unfounded statement? U1st has absolutely nothing to do with your mortgage! They simply sell you the software needed to make your Money Merge Account work! Sheesh! Go to the site, look at the video and read over the information--then get back to me. I'm not here to educate those who will, no matter what you say...refuse to get it or understand it.
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Happiness
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Posted: Monday January 1st, 2007 15:05 |
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| so how much is your software?
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then you haven't even begun to think about what it means to be human" ~ Dr C.T.Vivian
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kissmylayoff
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Posted: Monday January 1st, 2007 15:09 |
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| $3,500. Comes out of the ALOC Account. It is explained fully in the video and on the site. Are you here...or there? England I mean.
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Happiness
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Posted: Monday January 1st, 2007 15:22 |
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I'm in the US and I am very aware of programs like yours.
how you can say that U 1st Financial has nothing to do with the mortgage is beyond me.....are you or are you not required to open a HELOC account with your company? This account is attached to your property and is essentially a 2nd mortgage.
so you are not just buying a software. You are putting a 2nd lien on your property.
am I correct?
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If you think that the only way you can survive is in the misuse of people,
then you haven't even begun to think about what it means to be human" ~ Dr C.T.Vivian
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Happiness
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Posted: Monday January 1st, 2007 15:44 |
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hello?
don't you want to talk about your product anymore? I guess not...
Anyway, your "software" sales pitch is a red herring. Feel free to sell whatever you want...this is America...but you should let people know exactly what they are buying.
I hope everyone reads this and at least if they want to do business with you, at least they know what they are entering into.
Again - if anyone wants to pay off their mortgage early, there is no short cut way other than sending extra money to your mortgage company to pay down your principle. Simple. No need to spend $3500 and put a dangerous 2nd lien on your property.
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Happiness
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Posted: Monday January 1st, 2007 15:47 |
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Looks like I am not the only one that says it is, indeed, too good to be true.......
Rapid mortgage-payoff claims disputed
By Jack Guttentag
October 30, 2006
"United First Financial is offering a program that will eliminate your mortgage in 1/3 to 1/2 the time ... They are asking $3,500 for the program. Comments?"
It never ceases to amaze me how widespread and deep-seated the belief is that somewhere out there must be a good fairy who will solve all of our financial problems. This belief sustains lotteries, which help keep poor people poor, and a host of schemes directed at homeowners that promise to pay down their mortgage loans quicker and easier.
Some of these schemes are outright frauds, such as the one peddled by Success Trust and Holding that I warned readers against last year. It took until August of this year before the SEC took action against them, by which time they had relieved more than 500 homeowners of several million dollars.
At the opposite end of the spectrum are schemes that discipline borrowers to make extra payments, of which the most important are biweekly programs. So long as borrowers understand that they don't need a biweekly program to make extra payments, and that what they are purchasing is only a convenient way to discipline themselves to make the extra payments, these programs are fine.
Within the last two years, a third type of early-payoff scheme has appeared with a new twist. This scheme provides borrowers with both a disciplined way to make extra payments and a way to reduce their bank deposit, with the interest savings on the smaller bank deposit also applied to the mortgage balance.
Last year I described the CMG plan, which allows the borrower to use a mortgage taken from CMG as if it were a checking account. The borrower earns the mortgage rate rather than the deposit rate on the amount that he would otherwise have held in his deposit account. The difference is applied to the mortgage.
The UFF plan is a variant that does not require that you take a mortgage from them. UFF assumes you already have a first mortgage, and it guides you on opening a second mortgage in the form of a home equity line of credit (HELOC), which plays a central role in the scheme. Here is an example, which I have oversimplified to reveal exactly where the savings come from and how much they are likely to be.
Assume the borrower's monthly paycheck is $8,000, and on the first day of the month he does the following: a) Draws $8,000 on his HELOC, which is used immediately to reduce his mortgage balance, and b) applies his paycheck of $8,000 to pay down the HELOC. On day 2, therefore, his HELOC balance is zero and his mortgage balance is lower by $8,000.
As the month progresses, he pays his expenses by drawing on the HELOC, and the HELOC balance gradually rises to $8,000. However, the average balance will only be about $4,000. For the month as a whole, therefore, he has saved interest on $8,000 of the mortgage while incurring interest on $4,000 of the HELOC. Assuming both are priced at 6 percent, he has saved $4,000 x .06/12, or $20. Over a year, that adds to $240. Of course, if the paycheck is $16,000 instead of $8,000, the number will be $480, and if the paycheck is $4,000 the number will be $120.
For several reasons, these calculations overstate the savings. The HELOC as a second lien will almost always have a higher rate than the first mortgage. Further, it will take some days for the borrower's paycheck to be credited to his HELOC. Finally, and most important of all, the date when the mortgage is credited for the extra payment depends on the policies of the lender servicing the mortgage. In some cases, a payment will be credited to the balance at the end of the preceding month, which works to the borrower's advantage, but in other cases, credit is not given until the end of the current month, which would reduce and perhaps eliminate any savings.
Note that a one-time payment of $3,500 on a 6 percent mortgage would save $210 of interest a year. This is probably more than most borrowers would save using the UFF program.
Of course, if you spend less than your paycheck and apply the balance to your mortgage, it is a different story. The claims by UFF that you can pay off your mortgage in one-third or one-half the time, depend on your doing exactly that.
The writer is professor of finance emeritus at the Wharton School of the University of Pennsylvania. Comments and questions can be left at http://www.mtgprofessor.com.
Copyright 2006 Jack Guttentag
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If you think that the only way you can survive is in the misuse of people,
then you haven't even begun to think about what it means to be human" ~ Dr C.T.Vivian
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