Benefits of the Money Merge Account

The Money Merge Account is a proprietary software system designed to help homeowners pay off their mortgage in nearly a third of the time of the amortization period (the life of the loan). Contrary to popular belief regarding accelerated mortgage programs, such a system can provide homeowners a myriad of benefits.

Paying Mortgage Off Early
The average homeowner will spend double the purchase price of their home in interest over the term of the loan (traditionally 30 years). Implementing the Money Merge Account enables homeowners to put supplementary funds towards the principle balance, thus reducing the interest that accrues. As a result, a 30-year mortgage can be paid off in as little as 11 years.

Consolidate Other Loans
Since the Money Merge Account uses an advanced home equity line of credit, other high-interest debts (such as credit cards) can be transferred to the system. Doing so enables you to reduce your monthly minimum payments and pay less instead of amassing interest on costly interest rates. The Money Merge Account allows users to plan a budget and an individual repayment plan for each debt.

Fosters Financial Responsibility
One of the biggest criticisms of the Money Merge Account is that theoretically could do what the system instructs on their own. Yet such critics do not account for the seriously lacking financial responsibility and budgeting skills of most people. The Money Merge Account can help users save more money and learn to budget, enabling them to be far more financially responsible than they were previously.

Boost Credit Scores
Since the Money Merge Account helps you create a budget and pay high-interest loans (primarily your mortgage), it can subsequently help boost your credit score. As FICO sees your available balance increasing as you pay it down and as you pay down debts, it can increase your score.