{"id":2230,"date":"2008-10-10T07:41:18","date_gmt":"2008-10-10T13:41:18","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=2230"},"modified":"2013-03-24T09:15:31","modified_gmt":"2013-03-24T14:15:31","slug":"joe-taxpayers-five-part-money-merge-analysis","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/joe-taxpayers-five-part-money-merge-analysis\/","title":{"rendered":"Joe Taxpayer’s Five Part Money Merge Analysis"},"content":{"rendered":"

Haven’t gotten enough of the cold hard reality that United First Financial’s MMA is inferior to a very simple (and free!) do-it-yourself prepayment of your mortgage (which only requires you to pay extra on your mortgage once a month)?<\/p>\n

Joe Taxpayer did a five-part series on the UFF MMA, and here’s a summary:<\/p>\n

Part One<\/a> – Do you really want to pay off your mortgage early? There might be some really good alternatives to this mortgage acceleration, and Joe goes through several of them.<\/p>\n

Part Two<\/a> –\u00a0 It sounds good and responsible, but some people argue that you shouldn’t pay it off early, especially if you have a very low interest rate. You might be able to take your excess cash and invest it elsewhere to provide a greater benefit in the long run.<\/p>\n

Part Three<\/a> – A simple do-it-yourself will produce better results than the MMA money shuffle. Why? The program has you leverage a home equity loan (HELOC) to pay down your regular mortgage. HELOCs almost always have a higher interest rate, and in the example UFF uses, the regular mortgage is at 6% and the HELOC is at 8%.\u00a0 Using debt at 8% to pay down debt at 6%? That’s just foolish.<\/p>\n

Part Four<\/a> – The UFF MMA example assumes a consumer is netting $5,000 a month and has $1,000 extra cash each month to pay toward the mortgage. Joe examines just how realistic this is (not). Why don’t they use a more realistic example like $100 extra cash per month to pay toward your mortgage? That’s not as impressive.<\/p>\n

Part Five<\/a> – Joe demonstrates the MMA money shuffle. The company wants you to think it’s magic math. The truth is that it’s a simple shuffle that doesn’t get you as far ahead as if you just did a simple prepayment of your mortgage.<\/p>\n","protected":false},"excerpt":{"rendered":"

Haven’t gotten enough of the cold hard reality that United First Financial’s MMA is inferior to a very simple (and free!) do-it-yourself prepayment of your mortgage (which only requires you to pay extra on your mortgage once a month)? Joe […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[824,184],"tags":[1264,892,891,1263,888,889],"class_list":["post-2230","post","type-post","status-publish","format-standard","hentry","category-consumer-protection","category-pyramid-schemes-mlm","tag-joe-taxpayer","tag-mma","tag-money-merge-account","tag-money-merge-analysis","tag-uff","tag-united-first-financial"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-zY","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/2230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=2230"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/2230\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=2230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=2230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=2230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}