SLASH YOUR MORTGAGE
How to Eliminate More than Half Your Interest Debt
Special Report from The Reality Zone
by G. Edward Griffin
Updated 2008 May 7
This is not debt-consolidation, debt-cancellation, or something-for-nothing. It is an ethical way to trim years off your debt and eliminate huge amounts of interest.
Those who are familiar with my book, The Creature from Jekyll Island; A Second Look at the Federal Reserve, know that I am a strong advocate of getting out and staying out of debt. Consumer debt is a trap in which people find themselves working all their lives to make exorbitant interest payments.
Home ownership is different. It is a foundation for financial security even though it may require debt. If we don’t have sufficient capital to purchase a home outright, we have no choice but to borrow the balance, but excessive interest payments remain a serious problem.
There are numerous ways to reduce or eliminate interest payments, but the ones I have examined are too complicated, too expensive, or, in some cases, unethical. Now I have found one that has none of these handicaps and, frankly, I feel I have an obligation to tell you about it.
THE MONEY MERGE ACCOUNT (MMA)
Recently, I was introduced to a program that, although not new in concept, was unique in its implementation. The company is United First Financial, formed by two young men from the mortgage-lending business who wanted to help their clients acquire homes without being obligated to 20 or 30 years of debt. They developed a method to borrow money at one cost and use it to eliminate a much higher-cost mortgage. It is similar to rolling over a high-interest loan into a lower-interest loan, but the effect is a hundred times greater – and that is not an exaggeration. They call this program the Money Merge Account, or MMA.
The MMA can cut interest payments merely by moving money from high-cost to low-cost accounts, but its effect is greatly increased by paying down your mortgage with disposable income. The more disposable income you have, the faster your mortgage will be paid off. There is nothing new about that process, but the MMA is uniquely designed to help you identify your disposable income and to motivate you to use it for this purpose. Of course, there are some who feel that they can do better by applying their disposable income to other purposes, such as investments and business ventures, but most of us are well advised to use whatever disposable income we have to get out of debt as soon as possible, and the MMA is unbeatable for that purpose.
I have examined this program closely and am happy to conclude that, not only does it work exactly as the company guarantees, it is entirely ethical as well. So I decided to add the MMA to the Reality Zone. If you are making mortgage payments, I highly recommend that you check it out. You will be amazed at the huge amount of interest you can eliminate and how much sooner you can achieve true home ownership.
Click here for TV news report on the MMA.
Click here for magazine article about
United First Financial and the MMA.
Printed on 07 September 10 at 17:44
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