United First Financial Expert Review by Brian Garvin and Jeff West
By Brian and Jeff On April 2, 2009
Under MLM-Programs-U
United First Financial is a company that provides a program to help the typical homeowner. The average person that is paying a mortgage payment that is too high with an even higher interest rate.
United First Financial is a company that has a goal to help the American homeowner reach their financial goals of getting out of debt. The company has a plan that will enable the homeowner to reduce interest and will pay their home off at a much faster pace. They do this by utilizing banking strategies, which have been used for years.
The way it works in a brief summary is a qualified homeowner will use a Money Merge Account System that can pay off their 30-year mortgage within 1/3 to ½ the time of a traditional 30-year mortgage. And they do without the customer having to change their spending habits and they do it without increasing the monthly mortgage payment.
Sound too good to be true? Most of us know that when we are paying a monthly mortgage payment, we are paying mainly the interest and will be doing so for the first half of the term, and we end up paying so much more than our purchase price.
But United First Financial is providing a way to change that. The Money Merge Account was developed by a team of financial experts with years of experience in the mortgage industry. Their plan is to reduce the principal on the mortgage, therefore reducing the interest on the loan. The 30-year mortgage can then be paid off in as little as 8 to 11 years.
There are 5 steps to becoming mortgage free with United First Financial. They are listed below:
1. Complete and turn in your Money Merge Account work sheet
2. Activate your new Money Merge Account
3. Set up your Paycheck transfer: You will deposit you paycheck in your regular account. When it is cleared, you will then have it transferred to your new Money Merge Account, which is a managed line of credit. Due to the line of credit being connected to your home, the money being transferred from your checking decreases your mortgage balance, which is the whole basis of this plan.
4. Use your Money Merge Account to pay your bills: Your account will now be used to pay your bills. You will have checks, debit cards and ATMs. The amount that you have left after your bills are paid will remain again the balance of your mortgage until it is needed. This keeps your mortgage balance as low as possible. Again this reduces your interest charges.
5. Use the Money Merge system to increase your savings and pay your mortgage off as quickly as possible
In summary, United First Financial believes that when repaying a mortgage, it is not the rate that really matters; it is the total amount of interest that you are paying over the term of your loan. United First Financial is helping you to reposition your income and your unused money that normally sits in your checking account, to be used to reduce your interest paid.
There is not any information as to any fees in setting this up or becoming an agent with this company.
