The one minute presentation
If there was a way for you to be Debt Free in 10yrs or less without altering your
current cash flow would that be worth 20 minutes of your time?
Mortgages are calculated on a closed-end interest schedule. (One Way Street)
Certain Home Equity Lines of Credit are on an open-end interest schedule. (Two Way Street)
Standard Fixed rate mortgage $200,000 @ 6% for 30 years:
Monthly Payment = $1199 x 12 x 30 years = $431,676.
What if there was a way to trade closed-end interest for open-end interest and by doing so it would eliminate thousands
of dollars of interest and multiple years off of your mortgage?
Would that interest you?
On a $200,000, 30-year mortgage, if you send $5,000 to the mortgage company in a lump sum you would reduce your
interest by $28,000.
Problem: Most people don't have $5,000 to send.
Solution: HELOC
Using the Money Merge Account you could possibly own your house free and clear, Title in hand in less than 12 years,
saving 18 years or 216 monthly payments of $1199.00, which is a savings of $258,984.00
(Two Hundred Fifty Eight Thousand Nine Hundred Eighty Four Dollars of your money.)
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Sincerely Yours
The Saving You Money Team
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United First Financial, its software agents and subsidiaries provide Internet web
based software and support services. United First Financial does not provide accounting, tax, legal, real-estate,
mortgage, or investment advice. Interested parties should seek and consult with persons or entities licensed
and qualified in those areas for advice relating to those matters. United First Financial is not liable or
responsible for claims or representations made by any party which are not included in the Money Merge Account Limited
Guarantee.
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