The Money Merge
Account consists of three major
components:
1. Your Existing Primary
mortgage
The existing
mortgage on your home is the foundation for the Money Merge
Account.
2. An Advanced Line
of Credit (ALOC)
The MMA Program uses an advanced equity line of credit
as a vehicle or a tool to drive the program. The equity line of
credit must have the capacity to operate similarly to a
primary checking account and be set up with an open-end interest
calculation (rather than a closed-end interest
calculation). Combined with the MMA's web-based system, this creates
a formula in which the money in your line of credit account
generates an interest cancellation on your primary
mortgage.
3. MMA
software
The online
MMA system makes a connection between your bank account, the
advanced line of credit, and your primary mortgage. Each time you
deposit income into your account, it registers as a decrease to your
mortgage balance. By decreasing your mortgage balance, you now lower
the balance on which interest accrues. By decreasing the balance on
which interest accrues, you increase the portion of your monthly
payment which is credited toward your principal pay down. The
algorithms in the proprietary MMA system are systematically
programmed to create the highest interest savings possible in the
least amount of time.
 5 Easy
Steps
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