subject: Do not waste $ 3500 to save on your mortgage? [print this page] Do not waste $ 3500 to save on your mortgage?
The company only wants to help Americans pay for their homes faster and win big money, even if useful. Yes, because many people call it a scam? There are websites, blogs about it and discuss in some forum, whether scaminess United First Financial.
United First Financial is the company behind the Money Merge Account (MMA). United First Financial, UFF, also known as U-First is not a bank or a mortgage lender or broker. And 'the company thatbuilt specifically to support and sell a unique product that the merger of the Fund.
The founders, Skyler Witman and John Washenko have experience in the field of mortgage loans. The UFF website says millions of dollars have been spent since 2002 to rent an airplane engineer in mathematics, GE and software development track for MMA too. This may be fraud "charge first appeared. Most landlords will not make an engineer airline DevelopmentAlgorithms to help with the mortgage, before payment.
The software is pretty amazing. Do not install on your computer at home, you do not. The software is in its own unit of ACF's. In particular, add the revenue and costs of supplies to customers in the program and provides that if, wealth, particularly housing and wages, moving expenses, namely their accounts. Moreover, the software calculates exactly when the customer has paid in fulland for an estimated savings, says the job at the end of the program accelerated. This may open in a simple spreadsheet to be like OpenOffice. This is probably why many seconds I think it's a fraud.
A $ 3500, add the money on the price seems outrageous, and it can be. However, companies may consider customer service to take advantage of 10 years (the approximate time) to pay for a mortgage, is not at all. This, however, could beThe main reason why he is considered fraud. This is a lot of money, even the knowledge of how to get paid for years from their country home early, often driven in about one third of the time. However, ACF has a solution for that too. Extract capital financing are sitting at home will be lost.
Sales staff were inspired not only by a missionary zeal, to be paid for their services, you can save up to $ 1,000 for selling the program to $ 3,500. In order to feed theirFervor and keep your head down, UFF a half dozen managers have opted for a multi-level marketing (MLM) strategy. Representatives of the payment to start a small fee and only earn commissions and bonuses, not salaries. This is, believe it or not, is a major reason for the MMA is a fraud. People are very suspicious of MLM, has been accepted as legitimate a hierarchical structure, paid with their field personnel. Over the years, has any type of activity a few bad apples.
The basisIdea of MMA is a drawing of your home equity to pay their mortgages, thereby significantly reducing the outstanding principal on the loan. The principal, the interest you pay less. Lines of mortgage credit (HELOCs) typically have interest rates of two percentage points higher than the primary mortgage. Since the HELOC is a fixed amount and a lower monthly income will be reduced again (until you pay the bills), interest is even greater inin nominal terms, for example, about $ 30 per month for an average daily production amounting to $ 5,000. The loan balance at home is much higher, and low interest rates, as can be, for example, 6%, very high monthly fees, or about $ 500 a month, a little interest for a balance of about $ 100,000! And that, dear friends, is the main reason for the money merge account is considered fraud! The popular understanding of compound interest is so imprecise, I can not understand how to use money from 8% to able to repay the money by 6%work can be.
Although I personally believe that it is not necessary, $ 3500 for the use of this technique (the location of the site of First United Financial me to remain in the back), it works. This is not a scam. They recommend the process of due diligence, is not for everyone
