MMA Introduction
Most homeowners realize they will pay about twice the purchase price of their home on a traditional mortgage—a mortgage it will take about 30 years to pay off.
Introducing a way to break that cycle of financial drain—the Money Merge Account. Developed by a team of financial experts with years of experience in the mortgage industry, the MMA rapidly reduces the principal of your mortgage, practically eliminating the interest from accruing on your loan. Your 30-year mortgage can now be paid off in about 8 to 11 years, with no change to your lifestyle or refinancing of your existing mortgage.
The Money Merge Account is not a bi-weekly payment or debt roll-down system. It's an entirely new approach that gives homeowners flexibility with their money and complete financial freedom.
Call the #1 Family Team:
The Jubilee Project
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Five Easy Steps to Becoming Mortgage Free:
1. Fill out the MMA application
2. Activate your Money Merge Account
3. Deposit Your Paycheck
Deposit your paycheck into your current checking and/or savings account. As soon as the funds clear, the amount you designate is transferred from your checking and/or savings account into your Money Merge Account managed line of credit. Because the line of credit is connected to your home, the money transferred from your checking and/or savings accounts decreases your mortgage balance, thus reducing the balance in which interest builds.
4. Pay Your Bills
Throughout the month, you pay your bills using your Money Merge Account managed line of credit. With this account, money is immediately available through checks, debit cards and ATMs. The amount left after bills have been paid remains against the balance of your mortgage until you need it, keeping your mortgage balance as low as possible, further reducing mortgage interest charges.
5. Follow the system
Follow the promptings of the online MMA system to maximize your savings and pay your mortgage off as quickly as possible.
Call us and let's talk.
The Jubilee Project
801 208-9492
What can I DO with the MMA?
Here are just some examples.
Repaying your mortgage early
When repaying a mortgage, it's not the rate you pay that's most important. What matters is the total amount of interest you pay over the term of your loan. With the Money Merge Account you use your income and savings to reduce your loan balance and minimize your interest payments. This means more of your money each month goes towards your principal balance, helping you repay your mortgage years earlier and save thousands of dollars in interest costs.
Reducing monthly payments/consolidating other debts
The Money Merge Account is much more than just an accelerated mortgage payment option. Other debts (e.g. credit card balances, personal loans, overdrafts etc.) can be transferred to the Money Merge Account - which means you benefit from paying less interest across all your debts instead of expensive, unsecured rates. The reduction on your minimum monthly payments can be significant.
And if you're concerned about rolling all your debts into one big balance, don't be. You'll be able to break your debts into individual repayment plans. So you can have a plan for your mortgage, a plan for your credit card balance and a plan for your loan. We'll help you budget to pay off what you want when you want and you'll be able to see each element of your debt falling month-by-month in line with your plans.
Funding a major purchase (new car, holiday home, boat etc.)
The Money Merge Account can help in a number of ways - depending on whether you want to build a lump sum of equity to fund a purchase, borrow the money or do a little of both.
Call us and let's talk.
The Jubilee Project
801 208-9492
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