Is this legitimate?

1/240 month and 1/360 month.

Why not come up with an elimination plan to pay off your mortgage to zero. If people had extra money, why wouldn't they use it to pay off their debts? People need the safety net of having money in the bank or money market accounts to earn a "good interest".

I can safely say that paying off your debts is the best return on investment you can have. If you think I am wrong, I personally challenge you to show me differently.

The concepts of the Money Merge System is to use the banks money to pay the bank back. I teach this to people every time I get.

hi jennings,

when people cannot afford their monthly payments and wants to refinance so that they can lower their monthly payments and you are asking them to make extra payment. does it make any sense???

In my personal experience with past clients, most are living outside their means. Its great to refinance if you can qualify for it, or possible refinance for a higher interest rate or longer term to lower your payments, but without a solid foundation on how money works and how to use it properly, once that client refinanced, they have a high possibility to find themselves in a very similar situation in the near future.

Good luck with what ever you do, but once you are on track, why not have a plan to finish strong?