How Geoff in California Paid Off $130,669 of Principal in 19 Months

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

In January 2017, we had a 7-year interest-only adjustable-rate mortgage, and a second mortgage with a total balance of $444,000.

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

In February 2017. we started the RYM strategy.

At the end of September 2018 (19 months), we have a balance of $281,681, owing $31,650 in 0% credit cards. If I pay off the credit cards, the principal balance would $313,331.

What was your biggest concern when deciding to join RYM?

RYM just made sense once I heard the strategy on YouTube.

How has using the RYM strategy changed your life?

Just being able to see the principal balance getting reduced has made us more aware of our budget. The more we save, the quicker we reduce the balance. Now, it’s very visual to us.

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

It’s working for me. When I use to look at my mortgage balance over the last 10 years (before RYM), it was always over $430,000. I just looked at my balance now (September 2018). It is only $281,681.