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FIB - Scams 101
Re: Accelerated Equity a.k.a. United First Financial
Posted By: Calvin In Response To: Re: Accelerated Equity a.k.a. United First Financial (Phil S)
Date: Thursday, July 31, 2008, at 7:33 a.m.(pst)
In Response To: Re: Accelerated Equity a.k.a. United First Financial (Phil S)
>> Of Course the whole objective is to pay more on your mortgage. But how
>> many of the average Americans are going to do it. Only about 5%.
Go ahead and state how you came up with that number. I've come across many agents that use it, and it's REALLY funny when they show how they got it.
>> Surely you as an Engineer wouldn't fault another engineer who went
>> from a slide rule to a calculator becuse he could figure out how to payoff
>> his home mortgage faster by creating a special amortization schedule that
>> would tell him when is the optimal time to place a large payment of extra
>> principal, would you.
Surely this engineer would VERY MUCH criticize someone for went from a free calculator to a LESS ACCURATE $3500 calculator. You cannot dispute that the MMA way of paying off a mortgage is slower than what any homeowner can already do on their own. The math simply isn't on your side.
>> Value is in the eye of the beholder. You someday will be the seller of
>> something and you will have a price that you want for it.
I do agree. And information is the key determinant of value. If someone believes collectors will pay $1,000,000,000 for a 2008 Bob Smith baseball card, they might pay half that. Of course, if they had the information that no collector would pay $0.01 for it, their idea of the value would change. Agents out there completely drown prospective clients in false information in an attempt to over state the value of the MMA software. All we are doing is getting the truth out there. Don't like us telling the truth? Find another country, cause the truth is legal here.
>> If I see that the price of the MMA software is a bargain to me, then
>> who are you to judge whether or not I am an idiot or a genius. If I save
>> one hundred thousand in interest for the price of $3500, would I be a fool
>> or a genius?
Easy. A fool. Because you could save probably ~$110,000 for free. If we both fly from LA to NYC on the same plane, you paying $3500, me for free when you had just as much access to the free ticket, who's the fool?
>> As a God fearing man, I have no need to lie here as I do not sell the
>> MMA program.
Funny, most MMA pushers love to take the religious line. Unfortunately, many (not all) ultra-religious people tend to fall for scams from people of the same faith. There is an inherent trust there that unfortunately works to their detriment. you say you have no need to lie, but you berate me for telling the truth.
>>I have the knowledge to know right from wrong, good from bad
>> and true or false. Just as you said that I would have a clean house after
>> 36 months but still out $3600, I too could get of my rear end and clean it
>> myself. Just as a home owner with a mortgage could go out and learn about
>> accelerating thier own payments. BUT THEY DON"T. Thats the point.
Actually, that's the sad thing. You are still doing all the work with the UFF. You have to login, catalog all your expenses and incomes, and still write all the checks. You are doing all the work still, save a few simple additions and subtractions. And yet, you are paying to do so. UFF agents love the oil change analogy (do it yourself versus paying). Unfortunately, that analogy only holds if they go to Jiffy Lube, pay 100 times too much, and have the attendant sit there and tell you how to do it and watch you.
>> Lighten up, so this program wasn't for you, and by now we all know
>> that we can just pay more on the principal of our loan. If you really want
>> to rant about something, read your whole life policy and see where you are
>> being scsmmed on your life insurance.
They tried to sell this crap to my friend who couldn't afford it. They prey on the poor and the struggling, because they are easy marks. That wasn't a smart move, so I'm here to stay. And the agents really hate the truth. Tough!
Messages In This Thread
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