The United First Financial™ Money Merge Account™ Program is a web-based system providing Software, service and financial tools that help homeowners monitor, manage and pay-off their mortgage and other consumer debt faster and more efficiently than most can do on their own.  

Traditionally, homeowners after depositing their income into a checking account, pay their monthly expenses as they are due using that account.  Any money left over at the end of the month, is either left in their checking account or transferred into a savings account.  While this is the traditional way to handle money, it can be very costly when a consumer is paying substantial amounts of interest on outstanding mortgage loan or consumer debt balances.

With the Money Merge Account software, homeowners are able to cancel out interest on their mortgage with the money they normally deposit in their checking and/or savings accounts.

The Money Merge Account system consists of three main components:

• COMPONENT #1 – AN EXISTING 1ST MORTGAGE

  The Money Merge Account system works with an existing first mortgage and does not require customers to take out a new first mortgage.

   

• COMPONENT #2 – AN ADVANCED LINE OF CREDIT OR ALOC

  An Advanced Line of Credit (ALOC) is a specific type of Home Equity Line of Credit (HELOC).  Our company refers to this line of credit as an ALOC because it has specific features that are required to work with the online Money Merge Account system and service.  We also refer to it as an ALOC so that homeowners are aware that the United First Financial Money Merge Account system requires a specific type of home equity line.

   

• COMPONENT #3 – THE Money Merge Account WEB-BASED SOFTWARE AND COACHING SERVICE

  The Money Merge Account web-based software works as the financial dashboard to enable a homeowner to effectively manage the entire process.  Our lifetime service and support provides the homeowner with coaching services which enable them to benefit from the full potential of the program.

The Money Merge Account System utilizes an ALOC that is attached to a client's existing residence secondary to their primary mortgage.  The software instructs homeowners to transfer specific amounts at specific intervals from their ALOC to be paid directly to principal on their primary mortgage.  This creates considerable interest savings over the life of the homeowner's primary mortgage.  The specific timing and amounts the  software instructs the homeowner to transfer is based on each individual homeowner's income amounts, discretionary income, income intervals, equity line balance, payments and expense levels.  After the homeowner has transferred the specific amount of money determined by the software from their ALOC to their primary mortgage, they will then deposit or transfer their income from their checking account directly onto their ALOC balance.  By transferring their income to the outstanding balance owing on the ALOC, a substantial portion of the interest that would normally accrue on the outstanding balance is canceled.  The client will then use the ALOC account and the lenders administrative services, i.e. checks, debit, ATM, wire transfer, etc. to satisfy their regular expenses and bill pay throughout the month.

The client is instructed to follow the action plan of the Money Merge Account software and to manually update the website, and prompted to execute all of their monthly transactions.  

By following this cycle based on the pre-scheduled action plan of the Money Merge Account program, the software monitors and records all of their transactions and spending habits.  As this cycle continues, the client cancels future interest on their primary mortgage with the funds transfers prompted by the software program from their ALOC.  The client is also saving interest on their ALOC with the money deposited into that account.

The money that the client leaves in their ALOC each month after expenses are paid, incrementally reduces the outstanding balance in the account.  Once the Money Merge Account software determines that they have reached an optimum balance in their ALOC, the software will instruct them to initiate another specific funds transfer amount from the ALOC to the principal on the primary mortgage.

The Money Merge Account software allows the client to view their income, expenses, equity build up, loan reduction progress, interest savings and account balances.  The Money Merge Account financial dashboard always gives you the ability to clearly see your financial future at the click of a button. The software also allows the client to stay up to date with changes in their income, expenses, mortgage rates, as well as make changes to their monthly budget as their circumstances change.