Most of the house owners realize that they pay the mortgage amount twice of what they spent on building the home, in order to break the cycle of financial drain for most of the house owner’s money merge account from United First Financial was introduced. This money merge account is used for mortgage acceleration and debt elimination.
It has three major components.
• Existing primary mortgage: mortgage existing on a particular home is the primary foundation for money merge account.
• Advanced line of credit (ALOC): money merge account program uses advanced equity line of credit as a tool to drive the program. Advanced equity line of credit must have the capacity to operate similarly like a primary checking account and must be set up with an open end interest calculation.
• Money merge account software: online money merge account system creates a connection between a person’s bank account, his advance line of credit, and primary mortgage. Each time he deposits the amount into the bank account it registers a message showing decrease in person mortgage balance.
All these steps were prescribed by United First Financial to make house owners free from mortgage in a short time.