How Sebastian in New York Paid Off $57,000 in Principal in 23 Months

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

We had a 30-year mortgage with a starting balance of $257,000.

When we joined RYM, we had $249,000 in remaining principal balance after paying our monthly payment for ~2 years.

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

After 23 months, we have reduced our principal balance to $192,000.

That’s after we took a vacation, made other investments and fixed up the house a little.

What was your biggest concern when deciding to join RYM?

The biggest concern was to see how it works in reality. You can never tell how things are until you try them.

Our consultant told us that it does make sense in our situation, so we moved forward.

There is always a way out. We could have refinanced into another mortgage if needed.

How has using the RYM strategy changed your life?

It’s great. Looks like we’ll be able to pay off the house in 5-6 years.

However, I think we just like to have access to a larger amount of money, so we could utilize it for other investments or vacations.

Of course, we are being responsible with how much we spend, so we don’t get derailed from our path.

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

If you are a responsible person and generate a little more income, then it might be a strategy for you.

Just check the math. It really does work.