This is not something thats new---but it is a new term being used. The term "money Merge Account" is the name of the Program and the software used. Another point, is that this program has only been sold through agents for the past 6-7 months. The mother Company has been doing for years.

It's not something created by the banks, Jane, it was created by a mortgage Company...Accelerated Equity. The principles have been around for decades, and 1 in 7 English use these principles to pay off their own homes. This type of process is used in Australia and Canada as well. It may be some time before wikipedia, Investipedia and the like catch up, but that's no surprise because it's finally catching on here in America. We, the credit-addicted people of the world.

Keep in mind, Jane, that this is promoted through Agents, so what you are going to find is people promoting what they are selling. I suggest you come look at www.thejubileeproject.org, go to the links on the free resources page and start studying from there. As for us here in the USA, this is a paradigm shift in our traditional thinking. We accept what we are told by the Banks, because, well, that's what our fathers did and our grandfathers did. The MMA Program simply allows people to use their money and have it work for them , rather than the Banks. Think about it---when we deposit our paychecks into our accounts, you don't think it actually SITS there, do you? The Banks use it and make more money off of it.

The best example I can think of at the moment is contractors. They've been using this principle for YEARS...but have never found a way to take it to a consumer level:
They have a line of credit with the Bank, they buy the material, they do the job, float the banks money until the payment comes in from their customers pay them, repay the credit line and start all over on the next job. If they get paid on time, and pay the money back before the time limit is up and they have to make an interest payment---what did they just do? Used the Banks money INTEREST FREE. Happens every day, all over the country. No magic there.

What the MMA does, is allow a person with a mortgage to use a HELOC in much the same way. It allows them to pay off the house at an accelerated rate, and using their monthly paychecks to pay down the HELOC and cancel interest, while making sizable payment to the principle on their mortgage...At the end of the (in my case) 8.8 years, I will have a ZERO balance in my HELOC, have Title in hand, and be out of debt with a wealth of equity in my home. At that point, I can actually BECOME the Bank for myself (if I keep the HELOC open).

There are people trying to do what the MMA Program does with their software and website, but no one comes close--the software and the support are second to none, and you can't come close to the savings without them. This was created by a mortgage company, can be used with any bank, works with (I believe) any mortgage, except a reverse mortgage...and the Banks are beating down the door to get the business.

US Bank, Wells Fargo and Chase Bank (who have a table there with loan oficers at every meeting/presentation given) are clawing to get the business. Zions Bank, in Utah, is asking questions now, because their customers are leaving to join Chase bank.

I suggest you learn about this process through the links on the site mentioned above. It's my site, as I have been converted as a customer, and have become an agent myself. The National Convention and kick off is this weekend (Oct 20-21st) in Las Vegas...and after that, the country is going to fill up mighty fast with Agents.

I brought this up on the board, because it's something valuable, and we all know it's something America needs. Sure, people come in to refinance, and they SAY they will use the extra discretionary income to pay down the mortgage, right? But what do your clients REALLY do? They wizz it away. Well the MMA has a 98% success rate, and 95% of that 98% do 20% BETTER than the original numbers given when they started.

No scams here. No magic, no smoke and mirrors. It may take you a little bit to get the principles to click, but when it clicks, hold onto your seat. Best investment I have ever made, and i can say the same for each family member and friend I have helped as well.

Let me know if you have questions, or email me: jaime@thejubileeproject.org
Better yet, anyone here can give me a call, and I can run your numbers for free and show you what it can do for you. 801 208-9492. I'd be happy to go over the whole process and show you how this works. However, I think the links I provide will satisfy the curious mind.

Best Wishes,
Jaime Buckley
www.thejubileeproject.org