There are three components of the Money Merge Account program:

You can, if you can figure out all the algorithms and variables that the program takes into consideration to optimize the process.  The Money Merge Account tells you down to the penny how much to transfer from your HELOC to the first mortgage, and on what exact date to make the transfer. So, you can definitely make extra payments on your own, but you won't pay off the mortgage as quick or save as much money in interest as you would using the Money Merge Account.

Absolutely yes. After signing up for the program, we have a customer support team that will assist you in orchestrating your banking needs with your Money Merge Account program.

Yes. We do not have any access to your accounts. The Money Merge Account software will tell you when and how much to transfer: you make the actual transaction.

The Money Merge Account program follows your mortgage until it is paid off. The line of credit the Money Merge Account uses will have no effect on your ability to sell your home. Once you have sold your home and purchased another residence, we can put the Money Merge Account back into action on the new residence at no additional cost. Also, all the equity that the program helped you build in your previous home, as well as the equity built with market appreciation, will make a great down payment on your next purchase.

From a financial standpoint, there is very little risk. No stock market crash or extreme interest fluctuation can completely eradicate the expected outcome. Only homeowners that qualify to significantly reduce their mortgage payoff time and interest will be activated on the Money Merge Account program. If for some reason the software does not help you pay off your mortgage in the prescribed timeframe, you are protected by a full money back guarantee. The following is taken directly from United First's MMA limited guarantee:

"In the event that you do not achieve the full amount of the Guaranteed Savings, notwithstanding that you have timely and exactly complied with all of the terms and conditions set forth in this Limited Guarantee, your sole remedy will consist of UFirst refunding the full amount of the MMA Program Activation Fee which you paid."

It is important to go through a quick 5-minute questionnaire when applying for the Money Merge Account program. Fortunately, there are several avenues that can be taken to gain approval, but the Money Merge Account program is not for everybody.

No. It is not necessary to refinance your existing mortgage loan. You may choose to refinance your mortgage for additional interest savings but refinancing your existing mortgage loan is not required for the Money Merge Account to work. If you do not currently have a home equity line of credit, you will need to open one.

Yes.  In fact, all else being equal, an interest only loan will be paid off more quickly than will a fully amortized loan.

The Money Merge Account is most effective when used to payoff one property at a time. As each property is paid off, your overall discretionary income can increase; creating an accelerated payoff period for each subsequent property.

Yes, it is web based, so there's nothing to install on your computer. In fact, a trained rep from United First Financial will take you step by step through the initial setup of your online account and answer any questions that you may have.