I apologize about referencing it to a scam. It does what it says it can do - pay off your mortgage quicker than making minimum monthly payments.
Now, run some numbers for me:
- $200k mortgage on a $300k home
- 6% interest rate fixed for 30 years
- $60,000 net income/yr
- $48,000 in bills/expenses averaged out through the year
- $1000 left over (discretionary) per month
What do you come up with for payoff time, interest paid over the life of the loan, and average loan APR?
In these forums you can talk about things, you just can't juice your own product (ie click here to sign up!) sort of deals.
I'm interested in hearing back from you (on the public forum, not in private). I am interested in seeing if using a MMA actually reduces the interest paid.
EDIT:
Also add to the list: