I was just reading an analytics post by Matt over at AR where he is talking about the surprising amount of traffic generated by the phrases revolving money merge accounts - I googled them quickly but couldn't really find much - what the heck is a money merge account and why would that (To be obscure phrase) be spiking in traffic lately?)

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Strep throat! - Yup tis the season - boooo if you are wondering why you haven't seen me as much it's because I had strep throat for a week, feeling better just playing catch up. Merry Ho Ho folks

Here's a post that discusses it:

http://www.thesimpledollar.com/2007/...ome-borrowers/


And here's a mortgage broker forum discussion that has an unfavorable view of it:

http://forum.brokeroutpost.com/loans/forum/2/95315.htm

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Jennifer Karlen & Jon Karlen
Kentucky Horse Farms - Louisville Kentucky Real Estate - Lexington Kentucky Real Estate
Serving the Louisville KY metropolitan area including Jefferson County - Prospect Shelby County - Shelbyville Oldham County - Goshen, La Grange and the Lexington KY metropolitan area including Fayette County - Lexington Woodford County - Versailles Scott County - Georgetown Jessamine County - Nicholasville

Interesting read, but I would personally want to save the 1.5k-4.5k fee, and just set it up myself. I think for some people (like my parents) it would be a great tool.

With proper management you could do it yourself for free though.

To do a quick break down (there are a LOT of posts there lol):

Or like I said, you could do it yourself, and save the few thousand dollars:
Both excerpts are from the link in the post before this one.

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If you're not remembered, you never existed.

It's a software program you buy (Ave Cost Around $3K) that supposedly will show you how to save interest on a home loan by following their setup. Nothing new, been around for a few years. Basically its just a mathmatical gimmick you could do on your own if you were so inclined. Why anyone would want to put extra money into their house as an investment is beyond me though. It won't pay you any interest or dividends and normal average appreciation is only 3 to 5% at best. Plus, it costs money to get it back out if you need it. I'd say talk to a good financial planner. There are a ton of better places to put your money in my opinion. Just my 2 cents though. Everyone has their own thoughts about carrying a mortgage debt.

Here's a description from one of the companies that offers it:

http://www. u1stfinancial.com/MoneyMergeAccount/HowItWorks/tabid/116/default.aspx

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Benjamin Dona, Broker/Owner
Gulf Coast Associates, Realtors
Metro Mortgage Company
Bonita Springs Real Estate | Florida Home Loans | Naples Real Estate

Personally, I like the idea of using your own high yield account and doing it yourself. Paying off your mortgage that fast is nice

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If you're not remembered, you never existed.

Hey, in only about 29 years, I'll own my own home (and the note.) ;-)

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Lydia Taylor, Realtor & Broker

Augusta GA Real Estate | North Augusta SC Real Estate | Augusta GA Home Search

It's funny that I was here for a completely different reason (to invite any and all members of this forum to come and register their services for free on our site), and I found this subject.

The money merge account subject is popping up everywhere, as well as things like CMG, MAPs and other programs. We have decided to start doing some research and invite people to come talk about these programs in detail.

If anyone finds more info, would you be willing to contact me, or come to www. mortgagespeakout .com and post it?

My original invitation (which I will post in other areas of this forum) is to all of you professionals, to list your company, services and knowledge on our site, so we can drive customers to you.

Here's to paying off your mortgage, so you can buy another one--regardless of the program you use!

Best Wishes,
Tom