In all honesty, I'm doing a lot of research on the "money merge accounts" that are out there and it doesn't really sway me when someone gives an opinion without any concrete facts behind it. I'm sharing the wealth of my research because I think it might be useful information for people that want to "save".
That is what this forum is all about right? Saving? If there are options for savings tons of money of your 30 year mortgage it's worth exploring. That's why I'm participating here...to share learned knowledge.
I'd really like to hear from someone else who's spent time actually using a money merge account or has done lots of research. Again, so far from what I've learned it's much more beneficial to do this system than to just pay extra on the mortgage. It all has to do with using the banks money interest free (or very close to it) to pay down your 1st mortgage. It's complicated on how it works, but the numbers don't lie...I'm probably going to do it once my credit scores jump past 750...which is within a few months.
Last edited by willowstudios : 09-03-2007 at 08:09 AM.
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