Most revolutionary concept that has been brought to the marketplace?

**Donedeals** · 08-16-2006 12:31 AM

Hey Guys haven't been here for a while.. I have found a great opportunity that I would like to discuss... I just found this company that has developed a new software program that allows consumers to pay off their mortgage in ten years.

It uses an advanced line of credit to facilitate an accelerated payment with no refinance or alteration to cash flow. It uses the leverage of the advanced line of credit to buy down the mortgage at specific intervals.

This is ground breaking stuff, and I would really like to know what you think. This is not mlm or n.m. so I don't want to hear it. The pay-plan however is sick and resembles the insurance field.

Check out this online presentation and let me know what you think. I am really thinking of how to hit the ground running with this. Anyone want to do the same email me dealdone@comcast.net.

http://www.xmission.com/~u1st/mma100.html Online presentation

http://www.u1stfinancial.com/ Company website

**Aletheides** · 08-17-2006 01:31 AM

It's called bi-weekly payments and it isn't ground breaking stuff. The company is most likely a scam.

Just make sure there's no pre-payment penalty and make sure the extra payments you make are being applied to principal.

Here ya go: http://financialplan.about.com/cs/mo...ekMortgage.htm

"You've heard the hype: bi-weekly mortgage payments can save you tens of thousands of dollars over the life of your mortgage and enable you to pay it off nearly eight years early at a savings of 23 to 30% in interest costs.

It's true, but beware! There are many different versions of these plans, and not all of them will save you much, if any, money. Some of them are outright rip-offs."

**Donedeals** · 08-17-2006 03:25 PM

This is ground breaking.. This software uses and advanced line of credit to buy down the mortgage at specific intervals. The software uses this as an interest cancellation account by feeding it money instead of using a checking account.

Since the Aloc adjusts the principal when ever you pay money, this can be used to buy down the first mortgage. Since it does adjust you can use it to leverage you're money. It's not magic, it's just math.

"The company is most likely a scam." whoa! Why does everything you don't understand have to be a scam? I know we live in a society where there are a lot of scams, but you need to educate yourself. I know this is complex, but did you watch the software demonstration?

If anyone is serious about an awesome opportunity, watch it. I have never been apart of any scams nor do I ever intend to.

**4-Knots** · 08-17-2006 04:45 PM

Most revolutionary concept that has been brought to the marketplace?

The wheel.

**MpyreDzirez** · 08-17-2006 06:09 PM

Originally Posted by 4-Knots

The wheel.

The Internet!!

**gambit** · 08-17-2006 06:17 PM

It's not ground breaking. You can do it in any bank. Just ask your bank to do your mortgage with bi-weekly or even better weekly.

How much is the interest anyway?

Its better to ask your mortgage broker or real estate agent.

**Donedeals** · 08-17-2006 09:54 PM

Originally Posted by 4-Knots

The wheel.

Congrats you should be up to 1,000 posts in no time!

You guys are hiliarious. Once again it's not bi-weekly, it's cool though I just wanted to see what you guys thought. Cheers!

**Codiac** · 08-27-2006 01:39 AM

Donedeals,
It's a great concept. I'm not a rep for that program but I use the same concept. However, the program is not for everyone. It works best if you have some positive cash flow monthly. And if refinancing makes sense, one should refinance first and then apply the concept.
www.onlinevfi.com
also there is another program that is similar and it costs $500.

**4-Knots** · 08-27-2006 07:22 AM

Originally Posted by Donedeals

Congrats you should be up to 1,000 posts in no time!

You guys are hiliarious. Once again it's not bi-weekly, it's cool though I just wanted to see what you guys thought. Cheers!

Do you honestly expect a serious response out of me when the title you gave the thread is "the most revolutionary concept that has been brought to the marketplace"?

I didn't click the link yet and I won't either. You did a poor job of explaining the concept and two people already contradicted your concept by using already in place methods to do the same thing. So if they are wrong maybe you could explain it better. Otherwise you won't get many people signing up when you actually try to sell it because you can't convince us to click your link in the first place!

**chopper** · 08-27-2006 10:22 AM

Wahow! 4-Knots calm down, you may be right, but the trend of this thread is starting to get slightly aggresive

...or maybe its just the way i read things.

**Donedeals** · 08-28-2006 07:21 PM

Originally Posted by 4-Knots

Do you honestly expect a serious response out of me when the title you gave the thread is "the most revolutionary concept that has been brought to the marketplace"?

I didn't click the link yet and I won't either. You did a poor job of explaining the concept and two people already contradicted your concept by using already in place methods to do the same thing. So if they are wrong maybe you could explain it better. Otherwise you won't get many people signing up when you actually try to sell it because you can't convince us to click your link in the first place!

Hey Fucko, I used revolutionary just to get exposure to my post. I could give two shits if you click it or not, you're still a fucking loser. Sorry I didn't explain it well enough to you, but you never asked. I can't stand people like you. I was just kidding about the 1,000 posts and you have to write crap. Why?

Maybe it's because you have too much time on you're hands, maybe you're just better than everybody, or maybe you ran out of lube. I don't care kid, you're still a fuck'n loser.

Fuck you very much!

**Donedeals** · 08-28-2006 07:24 PM

[QUOTE=Codiac]Donedeals,
It's a great concept. I'm not a rep for that program but I use the same concept. However, the program is not for everyone. It works best if you have some positive cash flow monthly. And if refinancing makes sense, one should refinance first and then apply the concept.
www.onlinevfi.com
also there is another program that is similar and it costs $500.[/QUOTE

Thanks Codiac, I will definatly check it out...

**Donedeals** · 08-28-2006 07:26 PM

Originally Posted by chopper

Wahow! 4-Knots calm down, you may be right, but the trend of this thread is starting to get slightly aggresive

...or maybe its just the way i read things.

That's what I was thinking...thanks for the backup, bro

**Donedeals** · 08-28-2006 08:16 PM

Ok guys, I didn't want to bore anyone with the details, but here is the program in a nutshell.

Three compents

1. 1st mortgage
2. Home equity line of credit
3. MMA software and website.

1st mortgage is a closed end loan; bank will only apply full payment once per month.

With the Home equity, what's important is that this is a simple interest account. The bank will apply money to this type of loan, whenever we feed it payment. We have more control of this kind of account.

Customer's use this HLOC as a primary checking account. They deposit all their money into a checking account and pay all their bills from it.(Norm of America)

This is the vehicle or tool to drive the program.

Example: These guys make 5k per month and have 4k of living expense. Leaving them with $1,000 discretionary income.
If you had a $200,000 loan amount at 6% interest and you're payment was $1,119 for 30 years you would pay back $231,677 in interest. If you had an additional 5k to the first payment, $6,119. You would alter the start balance and the new amount that you would have to pay back is $203,373. That's $23,304 in savings.

I hope you guys are still with me...Kind of hard to explain all this in a thread..

Why doesn't everybody do this? They don't have 5k

So let's say you have a HLOC for 10k

Since you use this as a checking account, you are going to deposit all of you're income right?

Here's the interest cancellation part...

You start off with zero, and since this is a line of credit it cannot go below zero.

This software/website notices this and instructs you to move 5k from you're HLOC to the First Mortgage. Let's not forget their living expenses of 4k.
They now have a balance owed to the HLOC of 9k, right?

Since they are using this as they're checking account they are going to feed it 5k. New balance, 4k. Also, they have never made a scheduled payment. They're income represented the payment.

Now the bank can only charge you interest on the 4k. You just used 5k of the banks money for a simple interest charge on the 4k. They just saved that $23,000.

This works for people with even smaller amounts of discretionary income.

The website/software just keeps everything organized for customers.
Creates Financial Models
Financial Planner
Account Register
Maximizes money performance

I know this has been around for a while, and I'm sorry that I used revolutionary, but there are not too many people that do it. The reason being is consistency and they do not have a clear visualization of how they can move their money to maximize performance. I hope this helped anyone who gave a fluke, but it's all in the video.