Is it really true a Money Merge Account can payoff my mortgage in 7-10 years?

Like everything that sounds “to good to be true”, this Money Merge Account (MMA) suffers from the same. MMA’s require a new HELOC and $4,000 software to execute at a time when banks are cancelling the Home Equity Lines in record numbers due to dropping home values. This obvious limitation tosses this early payoff method on the scrape heap before it ever gets out of the gate.

But even if you can get the HELOC, I would NOT suggest the MMA for early payoff anyway. Who wants to go into more debt to buy their overpriced software and be restricted by the system to funneling all bill paying and all income through the new HELOC? There are a ton more requirements for the system to work as advertised, most of which the average home owner could never complete.

This is an ugly solution and is really just a way for loan starved originators to move into selling overpriced software and HELOC’s since bona fide home buying and refinancing has dried up completely.

If you want the most efficient way to prepay your mortgage for an early payoff, look into our Ultimate 6-in-1 Mortgage Calculator…at 1/100th the price, you can’t go wrong!