We continue our explanation of United First Financial’s Money Merge Account™ program with the fourth step in the process to becoming mortgage free.
Fourth, clients need to pay their bills using their 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 their line of credit until they need it, keeping their line of credit balance as low as possible. Not only do clients decrease the interest paid on most of their line of credit, but the extra money they sent to their mortgage further reduces their mortgage interest charges.
Fifth, and finally, clients must continue to follow the prompts of the online Money Merge Account program. Over the months, their discretionary income will pay down the balance on the line of credit, freeing the clients to send more money to their mortgage. The promptings help clients maximize savings and pay their mortgage off as quickly as possible.
The Money Merge Account program gives you a comprehensive view of your finances, helping you get past the old habits and practices that kept you from achieving your financial goals. Unlike paper budgets, the system adapts for changes in your life, using the best math to show you the best options, all with just a point and click.**
We encourage homeowners to do their homework and get the facts in deciding if the Money Merge Account program is right for them.
OpTree discovered that there appear to be potential opportunities where the Money Merge Account program could benefit individuals in different ways. This is a short list of different possible scenarios.
Repaying Your Mortgage Early
Reducing Other Debts
Funding Major Purchases
New cars, holiday expenses, boats, etc.
Funding School Fees and Advanced Degrees
Covering Maternity or Short-Term Healthcare Expenses
Covering Unemployment or Other Unexpected Expenses
Buying a Second Home or Property
Funding Home Improvements
To understand the specifics of the Money Merge Account program you should consult a United First Financial independent agent. This program works for all income types, including, but not limited to those who are self-employed, young professionals, or first-time home buyers. Additionally, it can be a helpful budgeting tool for clients who have commission-based incomes or irregular income.
UFirst™ has found their niche. They are creating a brand around that niche and they are well positioned within a very specific and well-known market segment.
Tomorrow we will examine the future of UFirst and discuss concerns with founders and partners.
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