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cphansen (August 18, 2008 at 4:27 am)
E&Y Utah sponsored the award, but did not investigate the award winners. You can ask them.Broker Banker, True Wealth, PREIM and other magazines that praise the MMA have *heavy* UFF advertising content and low numbers. Kiplinger's Personal Finance is a major publication, and warns against the MMA, as does the finance guru for MSNBC (this video is from an affiliate NBC station).The MMA does nothing you can't do yourself easier and for free. The way it is marketed makes it a scam.
2freeradical (August 16, 2008 at 2:24 pm)
Just a final thought on this cphansen, obviously you know far better (along with all the other bigoted skeptics) than all the professional editors of publications like, Ernst & Young "United First Financial Takes Home Entrepreneur of the Year 2008" or Mortgage planner, Broker Banker, True wealth, and various other magazines and organizations that have openly and publicly endorsed Ufirst, maybe you should write to them and tell them that they are promoting a SCAM as you call it, how amusing!
cphansen (August 13, 2008 at 3:36 pm)
I'm against the MMA, and my mortgage was paid off in record time. I made extra payments against the principal. Anyone can, and it doesn't cost $3500 to do so.As for your personal attack, I'll just point out that you posted your affiliate link to a cash gifting scam in your YT profile. You are an active participant in another scam, but you call MMA critics "dumb". Incredible.
2freeradical (August 11, 2008 at 10:08 pm)
I Agree, if it's so easy to do why aren't all those verbose morons who are knocking the system paying off their mortgages in record time? probably because they are no good bozoos who cannot see the real potential of this because they are too busy knocking it, and i suspect the government, their friends, neighbors, society in general and anything else that comes into their narrow, self important, bigoted, idiotic, blind, field of view.Get The Facts before showing yourself to be DUMB !
kajmobile (August 7, 2008 at 4:33 am)
spending $3k for this info is ridiculous! all u r doing is putting 100% of what u make towards extra principle reduction. the claim that u dont make extra payments is FALSE. u r putting every dime u make into ur mortgage! thats how it is paid off so quickly.if u make $5k/mo and have $3500 in expenses, ur left over amount ($1500) is getting paid to ur mortgage. so u r paying this company $3000 for them to tell u to make a $1500 extra payment each month! this program is for idiots
cphansen (August 6, 2008 at 9:55 pm)
Millions *are* prepaying their mortgages and saving thousands in interest. It's far easier and more effective than the MMA.The ignorance is exhibited by those who somehow believe the MMA will save them time and interest on their mortgage. If you believe this, explain why, and use numbers.The best the MMA can claim, is to modify behavior. With something that takes longer to do than sending extra income to the mortgage at the end of the month and pay it down faster. For free.
masczone (August 5, 2008 at 1:15 pm)
Well I am a customer of UFF just using my savings account; no HELOC and I could not be happier. I own 2 homes and will pay them off in 9.5 yers. My question is.. If this is so simple to do on your own, then why are you not doing it? Or why are Americans still doing the same old thing..? It is called ignorance. And there is plenty of that in this forum. ..lol. This is funny.Miguel- Flight Paramedic
drunkphunk (July 7, 2008 at 10:58 pm)
I was approached by a salescritter of this scam a few years back. Within a few hours of speaking with the agent the truth was out, the software did not in fact have a magical math formula. It was simply that the purchaser of the system (scammed individual) was pre-paying more interest on the first loan through the 2nd loan. The purchaser sees that they are paying down their mortgage faster, but think it is the HELOC doing magic. This is simply false, and the agent admitted it to me. STAY AWAY!
cphansen (July 7, 2008 at 2:54 am)
I've seen all the online material UFF has produced. The MMA is just smoke-and-mirrors.The way to get out of debt remains to live below your means. People who are unwilling to do that will suffer the consequences with or without the MMA. Not surprisingly, you have to spend less than you make to use the MMA - UFF says so right in their FAQ.Again, look at the huge thread at Fatwallet - the MMA is nothing special, and not worth $100, let alone $3500.
ken658 (July 7, 2008 at 1:08 am)
The cost to refinance far exceeds the $3500 Investment of the MMA. Refi costs are real costs that you never recover and you just start over in the front end loaded interest of your new mortgage. The MMA fee is an investment that you do get a return on. Congratulations to those of you that have that extra income and are debt free, but shame on you for wrongly influencing those that are not. Consumer, get the facts for yourself(not from those that haven't used or actually seen the program)& dec |
