It really depends on your perspective whether or not the UFirst Financial Money Merge Account™ (MMA) is a scam or a legitimate investment tool.  United First Financial offers an MMA that supposedly helps you pay down your mortgage in one-third to one-half the time. To use the system, you must first obtain a home equity line of credit (HELOC). The idea is to use your HELOC and their software to help you pay down your first mortgage more quickly than you would have done otherwise. The UFirst software costs $3,500, which you are welcome to pay with your new line of credit. Ultimately, you are buying a $3,500 calculator. That's a pretty expensive financial tool.

Advocates say that paying down your mortgage early is worth the upfront expenditure; opponents say that you can use an Excel spreadsheet to compute how much extra you have to pay in order to pay down your mortgage in "x" years. I will save you the $3,500 and a wasted Saturday slaving over an Excel spreadsheet. Give me a call, and I'll do the calculation for you free of charge. I'll need to know the basic facts about your current mortgage as well as the time period in which you want to pay it off. I can tell you how much extra to pay toward your mortgage each month to achieve your goal. My first advice will be to put the $3,500 you would have given to UFirst Financial towards your mortgage. That's a good first step.

Wade Young

303.800.3648

650 South Cherry Street, Ste 100 | Denver, CO | 80246