United First Financial (UFirst) Review

I believe most of these mortgage tools are great. Are they worth the 2-4K price tag? If you use it yes, if you don't probably not. People are busy and need help. I would bet 20% of the people use it until the big payoff day, and 80% drop out. As far as those of you that say do it yourself, I would ask have you ever used Quicken, QuickBooks, Microsoft Office? Why? You can use free open source tools that do the same thing. The point is here well done software makes life easier pays itself off over time and time is money. Why would mortgage management software be any different. They charge more because it makes a bigger return for the user and thus seems more valuable and is if you stick with it.

I love the responses I get from MMA agents - "If I can assist someone in saving over 100K in interest, it shouldnt matter what the cost of my program is"

I disagree. It makes a tremendous difference when people don't have to pay you anything to get the same result on their own without using "magic" software using "factorial mathematics." 99% of the results that MMA gets comes from paying extra principal on the mortgage using monthly discretionary income. 1% or less comes from interest cancellation. You tell me I don't know how interest cancellation works. QUICK! What's the maximum amount of money you can save with interest cancellation each month if you take home $5000 per month and are paying 6% APR on your HELOC balance? doo-Doo-Doo-doo. The answer is: ($5000*6%)/12= $25 per month or $300 per year.

You don't need a spreadsheet or software or computer or calculator to do this on your own, just discipline. You probably will need a HELOC because you won't have any money sitting in the bank if you need emergency cash.

I will agree with you about one thing. MMA is designed for the financially undisciplined, mathematically challenged and intellectually lazy.

Jimmy, most individuals dont make time to look at their financial position. Most dont understand how to use a financial calculator to figure things out themselves. If I can assist someone in saving over 100K in interest, it shouldnt matter what the cost of my program is. it could cost them 35K and they still come out ahead. Smart guys like yourself can probably figure out your own program but 98% of americas society need help. It is your personal opinion that the software cost to much. Why dont you keep those opinions to ourselves so that this economy has a chance to turn around. Secondly, please call the corporate office in Utah to get a better understanding. The problem I see is that you dont understand how interest cancelation really works. The one thing you are right about, it is Math. What you really are struggling with is how math can work for you in the correct setting.

unfortunalty you dont have the correct information about the product. Most individuals that understand what they are looking at understand that this concept uses a financial concept to cancel interest that individuals like yourself have issues understanding. I have been in the financial industry for more than 20 years and this concept, whether it be a mortgage product or a vehicle that accomplishes interest cancelation, is what this economy needs. Most likely, you are living pay check to pay check and are afraid to give credit to a solid concept. You should call the corporate office in Utah and have someone explain the concept correctly. You may change your future for the better.

This product is an absolute joke. It is the same as sending in your leftover income each month to your mortgage, except you use a HELOC as a "middleman" to make it look like the HELOC is doing the work. Want to pay off your mortgage? Send more money each month. Buying this program is just paying $3500 PLUS INTEREST to do what you can already do on your own.....but slower and with more work.

The UFirst product appears to be very helpful to a person whose goal is to pay off their mortgage quickly. However, I have found over 10 companies who sell a mortgage acceleration product. They range in price from $200 to $3500. I would shop around prior to dropping $3500 on a piece of online software.

Last edited on Oct 20, 2008 at 11:47PM

this is amway all over again...I love the "Banks don't want you to know about it" crap

This kind of stuff really makes me worry about the intelligence level of the average American.

I think It's great. The sells itself. You just have to be willing to tell your friends about it.

Last edited on Jul 12, 2008 at 7:58PM

It's all about the software and the fact that the computer tells you what to do that makes the U First Money merger account so successful

Here is an unbiased magazine link about MMA:
http://www.kiplinger.com/magazine/archives/2008/05/prepay_mortgage.html

There are a few sites, www.fatwallet.com, www.scam.com, that discuss MMA. While it is not a scam, it is not worth $3500 if you can simply write a check to pay extra principal each month. An MMA presentation will impress you with the amount of interest you are saving, but they won't compare their plan to simply doing it yourself. MMA will end up costing your more money and more time than simply doing it yourself. This is math, not opinion. Why the difference? Because MMA keeps way too much money in their HELOC. This costs you extra interest and time.

I am seeking to buy the software because like most Americans i know, i dont have the discipline to invent my own system and follow it. The advantage to me is that if I overspend money on vacation it will recalibrate itself to show me what that money really cost me in terms my goals. Heck most people would refinance from a 7% to a 5.75% and feel great about spending 8K in equity to do so, when really it only saves a couple hundred dollars a month for the NEXT 30 years (still not cutting it in half)
My salesman did a bad job presenting the product and im still ramping up to buy. Not only that i think i can do a better job presenting the product and make a thousand per sale. 4 sales to make my $ back.
Id like to hear from somone who bought it and it actually didnt perform or backfired in some way. Thats the only thing that will stop me from buying at this time. Any takers?

I just heard the UFiorst pitch today and frankly, I'm intrigued. I'm not sure one could do the same thing without that software, or something like it. The edetails in their alogrithm seem to be complex enought that, with a batch of reverse engineering it could be figured out and re-written into personally written code, but is the time and skill involved woth $3500 (that's the price we were quoted.)

Right now, I'm thinking of it as a lot like buying a hybrid car: the price is higher than the same car without the hybrid design, but the payback, albeit over a long time, is better. It seems like a reasonable investment.

One of the problems with a 'scheme' (in the British definition: design or plan) like this seems a lot like a scheme in the US definition (slippery; illogical) because it seems too good to be true. However, so wass the concept of a hybrid car (the analogy keeps coming back to me, appropriate or otherwise!).

I would just like to see one person who has actually achieved the results without the software. I have spoken to those who have proof with software. Is there anyone out there who claims they can achieve the same results and has actually done so?

the idea is that you refinace other debt onto a HELOC and use the heloc like you bank account. Banks are currently freezing helocs because homes are loosing value. If you can't reborrow the money it is trapped in your home. so you are in effect just paying more money into your house each month..... Something to think about. If you simply refinance your other debts and pay the same as your current payments you would pay off your house just as quick. the 5 k for the software is supposedly justified by the fact that it OPTIMIZES your time line, but the value of the 2 payments you cut off in 11 years is much less than the value of that same 5k today. many flaws

Google search results for u1st often reveal opinions that this product is somewhat of a scam given that one can allegedly achieve the same without the pricey software. Have yet to see a good rebuttal. Any takers?