What was your mortgage situation prior to starting with Replace Your Mortgage?

We had a 30-year mortgage with a starting balance of $185,000. We also had a 30-year mortgage on an investment property with a starting balance of $100,000 balance. When we joined RYM, we owed $180,000 on our primary residence and $80,000 on our investment property.

What is the current status of your HELOC and how many months did it take you to achieve it?

We used a $268,000 HELOC to replace both mortgages. After 7 months we paid off $49,000, and owe $219,000.

What was your biggest concern when deciding to join RYM?

We were worried that circumstances would change, and we wouldn’t be able to consistently execute the strategy.

But many of the modules, and the videos in the Facebook group, go in-depth to show how the strategy allows for more flexibility than a traditional mortgage.

How has using the RYM strategy changed your life?

Before we found this strategy, we were slaves to our budget and thinking about how we could reduce our expenses.

The RYM strategy showed us how to reduce our biggest expense — our mortgage — but also introduced us to a whole new way of thinking about finances, so that now we are increasing our means rather than just reducing expenses.

The community on Facebook is a treasure trove of research, information, ideas and wealth building. It was an unexpected but extremely valuable component of this program. We can truly say this program changed our family’s wealth trajectory and life.

What advice would you give to a homeowner considering trying the RYM strategy?

Do the numbers over and over again until this system really sinks in.

Then, think about how you can use the system not just to pay off your mortgage, but also to increase your flexibility, liquidity, access to cash for future investments, and how you can leverage this network of knowledgeable experts and investors.

You will see that the strategy is totally worthwhile.

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