Posts by Michael Lush
TOP 10 QUESTIONS WE GET ASKED ABOUT PAYING A MORTGAGE OFF EARLY WITH A FIRST LIEN HELOC
After conducting thousands of calls with homeowners wanting to know the best way to pay their home off faster using a first lien heloc, here are the top 10 questions we get. 1. HOW DO I TAKE MONEY OUT OF MY FIRST LIEN HELOC? Many banks offer debit cards/checks/credit cards associated with your HELOC. Just…
Read MoreHow To Start An Online Business Like Replace Your Mortgage
Date: April 19th, 2020 From: David “Tired of this shutdown” Dutton Location: About 8 minutes from Franklin, TN Pictured above is my daughter and I in our driveway. This is a chalk drawing her and her friends created. Did you know chalk is the new toilet paper? Try finding it. Who knew? By the way,…
Read MoreHow Paul in Arizona Paid Off $13,100 of Principal in 4 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year fixed mortgage with a beginning balance of $178,560. After 22 payments, our balance was $172,687. What is the current status of your HELOC and how many months did it take you to achieve it? I added some credit card…
Read MoreHow Kapil in New York Paid Off $10,000 of Principal (and Bought a $150,000 Investment Property) in 1 Year
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $450,000. When we joined RYM, we had $430,000 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…
Read MoreHow Joe in Colorado Paid Off His Home ($214,000) in 24 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We were 4 years in on a 30-year mortgage with a remaining balance of $214,000. What is the current status of your HELOC and how many months did it take you to achieve it? We began our RYM journey on October 31, 2016,…
Read MoreHow Malik in Texas Paid Off $43,900 in 1 Month
What was your mortgage situation prior to starting with Replace Your Mortgage? We were paying on a 25-year mortgage starting at $185,000. After paying into it almost 4 years, our remaining principal balance was $173,000. What is the current status of your HELOC and how many months did it take you to achieve it? In…
Read MoreHow Matthew in California Paid Off $32,000 in Principal in 5 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I was 10 years into a 35-year $343,000 mortgage. When I joined RYM, I still owed $312,000. What is the current status of your HELOC and how many months did it take you to achieve it? In the 5 months, since joining RYM…
Read MoreHow James in Connecticut Paid Off $50,000 of Principal in 10 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 7/1 ARM with a balance of $500,000 when I joined, and we were in the process of refinancing. What is the current status of your HELOC and how many months did it take you to achieve it? After about 10…
Read MoreHow Michael in Oregon Paid Off $20,000 of Principal in 3 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $351,000. 2.5 years later we were down to $336,000. What is the current status of your HELOC and how many months did it take you to achieve it? After only 3 months, we…
Read MoreHow Roger in California Paid Off $27,000 of Principal in 4 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage of $230,000 and only paid down $7,000 of principal after 7 years. What is the current status of your HELOC and how many months did it take you to achieve it? After 4 months, we have lowered our…
Read MoreHow Chris in Colorado Paid Off $8,000 in Principal in 2 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $335,000. When we joined RYM, we had $305,000 in remaining principal balance after paying our monthly payment for 4 years. What is the current status of your HELOC and how many months did…
Read MoreHow Brandon in Missouri Paid Off $49,000 of Principal in 10 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage. When we joined RYM, our balance was $278,000 after making our monthly payment for approximately 2 years. What is the current status of your HELOC and how many months did it take you to achieve it? After 10…
Read MoreHow Robert in Minnesota Paid Off $50,000 of Principal in 11 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had 30-year mortgage with a balance of $265,000. What is the current status of your HELOC and how many months did it take you to achieve it? After 11 months, we’ve reduced our principal balance by $50,000. What was your biggest concern…
Read MoreHow Kendall in Washington Paid Off Consumer Debt and Bought a Rental Property
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $374,000. Our remaining balance after paying our traditional mortgage for nearly 4 years was $350,000. What is the current status of your HELOC and how many months did it take you to achieve…
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