Squidoo : Plexo : Frequently Asked Questions http://www.squidoo.com/u1stu1st Thu, 22 May 2008 13:25:12 -0600 FeedCreator 1.7.2 What is the Money Merge Account? The Money Merge Account is an online account system that incorporates your checking and savings accounts with an advanced line of credit, or ALOC. Thr... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Does it make sense to move my savings accounts over to Money Merge Account? Yes, in moving your savings into your Money Merge Account, you decrease even further the amount of time left to pay off your mortgage. Your customized... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Do I make monthly payments on my line of credit? Not in the traditional sense. You will use your line of credit similarly to your primary checking account. Your paychecks will be applied to your line... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Why am I applying for a line of credit, and how is it associated with my savings and checking ... The Money Merge Account Program uses the equity line of credit solely as a vehicle or a tool to drive the program. The Money Merge Account system is c... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Do I have to change banks? It is not necessary to change banks. After signing up for the program, we have a customer support team that will assist you in orchestrating your bank... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Do you make payments for me? No. We do not have any access to your accounts. You will be initiating all transactions by following the prompting of your online Money Merge Account.... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Do you have access to or control of my money? No. You are the only person with access to your accounts. Points: 0 Thu, 22 May 2008 13:25:12 -0600 Do I pay interest on the equity line of credit? There is interest charged on the line of credit. But because your income is sent to your line of credit in different intervals, the bank adjusts the a... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Do banks offer this program? No, they do not. The Money Merge Account utilizes banking principles that are accepted by most banks across the nation. The Money Merge Account progra... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Is there any risk involved? From a financial standpoint, there is very little risk. No stock market crash or extreme interest fluctuation can completely eradicate the expected ou... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Can anybody qualify for the Money Merge Account? It is important to go through a brief questionnaire when applying for the Money Merge Account program. Fortunately, there are several avenues that can... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Do I have to refinance my existing mortgage loan to make this work? No. It is not necessary to refinance your existing mortgage loan. You may choose to refinance your mortgage for additional interest savings but refina... Points: 0 Thu, 22 May 2008 13:25:12 -0600 Will Money Merge Account work with an interest only or negative amortization payment on my ... Yes. In fact, Money Merge Account helps you to take control of the outcome of these types of loans to benefit you substantially. Points: 0 Thu, 22 May 2008 13:25:12 -0600 Can I own multiple investment properties at one time and utilize just one Money Merge Account ... The Money Merge Account is most effective when used to payoff one property at a time. As each property is paid off, your overall discretionary income... Points: 0 Thu, 22 May 2008 13:25:12 -0600