April 6, 2009
- Mortgage Modication Scams Targeted By US Officials
As with any disaster that occurs, we're bound to see some low-lifes trying to take advantage of the misfortune of others. Given the current economic and housing turmoil we're experiences, it's no surprise that there's been a proliferation of companies attempting to pray on the financial trials of others.
Well, top state and federal officials announced today a crackdown on mortgage modification scams. According to the CNBC report,
"Government officials say scammers are seeking to take advantage of borrowers in danger of default by charging them upfront fees of $1,000 to $3,000 for help with loan modifications that rarely, if ever, pay off.
The frauds often involve companies with official-sounding names designed to make borrowers think they are using the Obama administration's efforts to help modify or refinance 7 million to 9 million mortgages.
Officials say such operations almost always are fraudulent, and that help is available for free from government-approved housing counselors"
It's certainly unfortunate that so many people are in a position to be taken advantage of these fraudulent companies. But with the way our society has been trained to believe that we can 'have it today and pay for it tomorrow', it's no surprise.
The goal of the Fiscal Freedom Fighters is to help curb this crisis. With the help of the Money Merge Account® program from United First Financial® we're on a mission to help as many people as possible to become debt free in record time.
If you find yourself wondering how you'll ever be able to escape the burdens that debt creates, maybe it's time to take a serious look at the Money Merge Account program. It's a software product that acts as your 24/7/365 financial GPS, showing you step-by-step the ABSOLUTE FASTEST WAY to pay off ALL of your debts.
Simply visit the 'Get Out of Debt' page and download a Money Merge Account worksheet. Fill it out and then get it back to us and we'll complete your FREE 'How Fast Can I Pay Off My Debt' analysis that will tell you the EXACT month and year you could expect to be debt free thanks fo the Money Merge Account program.
What are you waiting for? Download your worksheet and get your free analysis started today!0
March 27, 2009
- Is The Money Merge Account A Good Alternative to Refinancing?
The long and short answer to this question is really, "Yes. Or No. But it really depends."
The first thing to understand is that you absolutely DO NOT need to refinance anything to make the Money Merge Account® system work. This powerful 'pay off debt fast' system takes your current debt, in its current state and calculates the fastest way to freedom from debt.
Would refinancing, your mortgage for example, to a lower interest rate help accelerate the rate at which you pay off your debts? Absolutely! I mean anytime you can get cheaper money you're going to save in the long run.
However, most people fail to take into account the fact that it's not just the interest rate you're paying. You also need to consider the length of the loan and any balloon payments that might be involved.
Now, while I'm no financial expert and thus am not allowed to dispense financial advice (all I can give is my opinion and experiences), I would think that if you really wanted to put your 'pay off debt' plan into hyper-drive you'd consider refinancing any loans you have (NOT extending the life of the loans, just changing interest rates) AND getting started on the Money Merge Account program.
The combination of the two should really help accelerate your equity accumulation, interest cancellation, and ultimately, your dream of being debt-free!
If you'd like to see a scenario where this idea is discussed in greater detail, check this out:
Money Merge Account®: Is it a Good Alternative to Refinancing?0
