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How Greg in Louisiana Paid Down $34,000 in Principal in 12 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30 year mortgage on our home with a balance of $180,000, plus we purchased additional family land of $23,000. So the principal balance going in was around $201,000 with over 25 years left. What is the current status of your […]
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Michael Lush
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How Chris in Idaho Paid Off His Home the First Month (Really)...

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30 year mortgage with 29 years left on it. We owed $265,000, but had $260,000 cash. What is the current status of your HELOC and how many months did it take you to achieve it? We refinanced to a HELOC, […]
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Michael Lush
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How David and Winnie in Florida Paid Down $64,000 in Principal in 12 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 20-year mortgage with a starting balance of $360,900. When we joined RYM, we had a $345,000 remaining principal balance after paying our monthly payment and a little extra money each month for almost 2 years. What is the current status […]
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Michael Lush
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How Marty in New York Paid Down $65,000 in Principal in 2 Years

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $289,000. We had been paying $200 / month of mortgage insurance for 2 years and wanted a faster way to pay off our house without losing access to our money. What is the […]
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Michael Lush
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How Greg in Tennessee Paid Down $65,000 in Principal in 2 Years

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of approximately $350,000. When we joined RYM, we had approximately $325,000 in remaining principal balance after paying our monthly payment for 10 years. What is the current status of your HELOC and how many […]
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Michael Lush
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How Paul in Michigan Paid Down More than $30,000 of Principal in 6 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year conventional $391,000 original balance. I was down to $330,000 and managed to appraise for $415,000. What is the current status of your HELOC and how many months did it take you to achieve it? After 6 months, we are […]
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Michael Lush
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How Pat in Louisiana Paid Down $7,000 of Principal in Only 4 Payments

What was your mortgage situation prior to starting with Replace Your Mortgage? I started with a 30-year conventional loan about 4 years ago and recently converted over to a HELOC loan. What is the current status of your HELOC and how many months did it take you to achieve it? Getting the actual loan took […]
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Michael Lush
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How Treva in Georgia Paid Down $56,000 in Principal in 12 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We had just refinanced after years of being under water with a 30-year mortgage. We had a first mortgage paying interest only and a second mortgage with an interest rate of 10.275% Our principal balance was $217,000 after paying our monthly payment for […]
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Michael Lush
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How Tannon in Utah Paid Down $49,000 in Principal in 9 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30 year death pledge (also known as a mortgage) of around $220,000 with a 4.75% interest rate. After 4 years of making the normal monthly payments, plus a few extra payments from tax returns, we were at a balance of […]
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Michael Lush
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How Patrick and Dawn in North Carolina Paid Down $54,000 in 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 $200,000. When we joined RYM, we had $165,000 in remaining monthly payments for another 21 years. What is the current status of your HELOC and how many months did it take you to […]
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Michael Lush
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How Steven in Tennessee Survived $45,000 in Sudden Expenses By Escaping His Mortgage

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a $380,000 mortgage when we started in February 2018. What is the current status of your HELOC and how many months did it take you to achieve it? We are 8 months into our HELOC. We were down to $360,000 after […]
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Michael Lush
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How Corey in Washington Paid Down $24,000 in Principal in 5 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage and other debt. We combined our debt and the mortgage into a HELOC. What is the current status of your HELOC and how many months did it take you to achieve it? After 5 months, our HELOC balance […]
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Michael Lush
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How Robert in New York Paid Down $100,000 of Principal in 7 Months — and Then Became a Lender from His HELOC

What was your mortgage situation prior to starting with Replace Your Mortgage? I had a traditional 30-year mortgage with balance of $390,000. I joined RYM in March 2018. What is the current status of your HELOC and how many months did it take you to achieve it? I received a HELOC loan for $420,000. replaced […]
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Michael Lush
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How Chris in Virginia Bought a New Home and Paid Down $79,500 in Principal in 10 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? I'm in the Air Force and we move around every 3-4 years. We own 2 other rental properties, but we purchased our current home in Virginia with a first-lien HELOC. The purchase price was $729,500 and I brought $75,000 to closing to meet […]
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Michael Lush
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How Jesse in California Paid Off $36,000 of Principal in 12 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? I had just purchased a country home in California. The cost was $450,000. We are blessed to know that we will pay that off in 11-12 years vs the 30-year mortgage we had. What is the current status of your HELOC and how […]
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Michael Lush
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How Robert and Sandy in Minnesota Paid Down $15,352 in Principal Their First Month

What was your mortgage situation prior to starting with Replace Your Mortgage? Sandy and I had a 30-year mortgage with a starting balance of $51,000. We had been making payments for 7 years and 2 months, which included double payments for 6 months. Our remaining balance was $41,700, with annual interest of around $2,183, when […]
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Michael Lush
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How Ishmail in Georgia Paid Down $10,000 in Principal in 2 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? I had a VA 30-year fixed mortgage. The original principal was $150,400, and I had a $146,200 remaining principal balance after living there for just over a year. What is the current status of your HELOC and how many months did it take […]
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Michael Lush
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How Amy in Georgia Says, “We Are on Schedule to Paying Off Our Whole House in Under 8 Years without Changing our Lifestyle a Bit”

moWhat was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $169,000. We had lived in the house for 5 years and had paid off only around $10,000. What is the current status of your HELOC and how many months did it take you […]
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Michael Lush
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How Lance in Colorado Paid Down $82,000 in Principal in 8.5 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year traditional mortgage with a balance of $365,000 and a second-position HELOC with a balance of $61,000. What is the current status of your HELOC and how many months did it take you to achieve it? We got our first-position […]
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Michael Lush
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How Matt in Alabama Paid Off Nearly $150,000 in Debt and Boosted His Cash Flow 520%

What was your mortgage situation prior to starting with Replace Your Mortgage? We started with a 25-year mortgage with $150,000 and about $150,000 in other debt. What is the current status of your HELOC and how many months did it take you to achieve it? Our HELOC balance has barely gone down over this year […]
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Michael Lush
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How Jimmy in Ohio Paid Off $32,000 in Only One Year

What was your mortgage situation prior to starting with Replace Your Mortgage? Initially, we had a 30 year fixed mortgage starting with a balance of $360,000 in California. After only two years, I received and accepted a job offer in Ohio and decided to join RYM before purchasing my next home. We bought the home […]
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Michael Lush
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How Steven in Delaware Paid Down $63,000 in Only 9 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We refinanced our home in 2014 to a 15-year mortgage with a starting balance of $353,554. When we joined RYM, we had a remaining balance of $276,000, but we were making double payments and, because of that, we developed a large amount of […]
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Michael Lush
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How Jeff in Virginia Used His Existing Savings to Cut His Interest by More Than 50%

What was your mortgage situation prior to starting with Replace Your Mortgage? I bought a home in 2008 for $475,000, with primary (80%) and secondary (15%) mortgages. I re-financed the primary twice, ending up with a 15-year note. We moved in the beginning of 2016, but kept the original property as a rental. As of […]
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Michael Lush
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How Christopher in Florida Bought an Investment Property with the Equity He Built in 6 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? My family and I had just moved to Florida from Tennessee, where I knew Michael from a previous traditional mortgage transaction. He reached out to me about RYM, and I was all in from the get-go. Before enacting the strategy on my Tennessee […]
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Michael Lush
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How Erich in Colorado Paid Off $31,000 of Principal in 3 Months (After 3 Years of Mortgage Payments, He Owed More Than He Started with)

What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year mortgage on a house that I originally purchased for $372,000. Due to a couple of refinances (chasing interest rates), after three years of making payments, I actually owed $377,000 on the house when I began the RYM program. What […]
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Michael Lush
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Why Christian in Texas Says “The Future is Brighter Now Than It Was Even Before My Health Situation”

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage at 3.25% starting in 2013. Our beginning balance was $190,000. When we began with RYM, our balance had gone down to $168,000. What is the current status of your HELOC and how many months did it take you […]
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Michael Lush
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How Matthew in Utah Paid Off 7.6x as Much Principal in 3 Months as in 12 Months with a Mortgage

What was your mortgage situation prior to starting with Replace Your Mortgage? We were first-time home owners who got into a 30-year mortgage with a starting balance of $400,900, paying Private Mortgage Insurance. When we joined RYM, we had $398,000 in remaining principal balance after paying our monthly payment for a year. What is the […]
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Michael Lush
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How David in Virginia Unlocked $400,000 in Equity to Buy a Second Income Property

What was your mortgage situation prior to starting with Replace Your Mortgage? Our primary home was five years into a 15 year fixed 2.875% mortgage, and we had just purchased an investment home on a 30-year 4.25% mortgage. Our combined debt was $650,000, with monthly payments of $3,400 and $2,500, respectively. What is the current […]
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Michael Lush
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How Richard in Tennessee Paid Off $37,720 in 4 Months -- Plus Saved $25,200 in Mortgage Insurance

What was your mortgage situation prior to starting with Replace Your Mortgage? Prior to starting with Replace Your Mortgage (RYM) in November of 2017, my wife and I had just closed on a brand new home with a 30-year conventional mortgage at a 3.875% interest rate. We put 5% down at closing and had a […]
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Michael Lush
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How Craig in Tennessee Bought Three Rental Properties and Topped $1 Million in Assets

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a traditional mortgage on our primary home, which we purchased for $395,000. When we joined RYM, we owed about $316,000 on the primary mortgage on a 20-year note, and our only "asset" was the home, so we had $395,000 in assets. […]
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Michael Lush
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How Bridget in Tennessee Weathered Back-to-Back Financial Crisis by Tapping Her HELOC

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a  30-year mortgage fixed rate mortgage with a low interest rate (around 4 percent) and a starting balance of $220,000. When we joined RYM we had about $214,000 remaining in principal balance after paying our monthly payment for 4 years. What is […]
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Michael Lush
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How Laura in Washington Paid Off $49,000 in 7 Months -- and Replaced Two Mortgages with One HELOC

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 […]
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Michael Lush
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How Tim in North Carolina Paid Off $116,000 of the $295,000 He Owed in 15 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We moved to Waxhaw, North Carolina from Portland, Oregon and purchased a home for $170,000. After chasing rates and refinancing a couple of times, as well as taking out a line of credit for remodels and improvements, we sold that same house for […]
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Michael Lush
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How Jason in Nevada Was Scared of Being Burned (Again) But Paid Off $12,000 in 4 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? My wife and I bought our home for $125,000 in 2011. When we started RYM, we were down to $115,000 with a refinance in 2016 to lower the payment. What is the current status of your HELOC and how many months did it […]
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Michael Lush
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Why Andrew in Maryland Says Replace Your Mortgage Saved His Marriage

What was your mortgage situation prior to starting with Replace Your Mortgage? My wife and I had a 30-year mortgage. We were about 2 years into a refi with Amerihome. We had $482,000 in debt at 3.8%. Our house was increasing in value, yet it looked impossible to get at its value and do something […]
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Michael Lush
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Why Ann in Utah Was Worried About Rising Interest Rates... Until She Did the Math

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a balance of $310,000. We had moved a lot in previous 16 years, so the mortgage was six months old with no end in sight for payments. Lots of interest paid for years on home loans and […]
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Michael Lush
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How Ton in Illinois Paid Down $73,000 in 12 Months and Bought a Four-Unit Investment Property

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a balance of $158,000. When we joined RYM, I refinanced the mortgage into a HELOC for $202,000, and we almost maxed out the HELOC.(bumping up the balance to $200,000). What is the current status of your HELOC […]
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Michael Lush
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How Pamela and Ray in Alabama Paid Off $35,000 in 9 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We purchased a new home in April 2016. In the first 15 months, we paid $22,000 in mortgage payments. $17,000 went to the bank and only $5,000 to our principal balance. What is the current status of your HELOC and how many months […]
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Michael Lush
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How Alan in Utah Boosted His Credit Score to 840 to Pay Off His House Even Faster

What was your mortgage situation prior to starting with Replace Your Mortgage? At age 57, we had our original 30-year mortgage, which started with $465,000 (May 2016). We had 28 years remaining at $461,000 when I took the deep dive into RYM. I found RYM in October 2017 and finally signed up in December of […]
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Michael Lush
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How Ricardy in Florida Lowered His Balance by $8,000 in One Month

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $343,000. When we started talking with RYM, we had $342,000 in the remaining principal balance after paying our monthly payment for four or five months. Unfortunately, six months before starting with RYM, our […]
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Michael Lush
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How Peter in Arizona Refinanced His Rental Properties and Can Now Shop for More

What was your mortgage situation prior to starting with Replace Your Mortgage? Prior to RYM, I had two rental properties, each on 30-year terms at 5.25% with about $42,000 balance on each after 7 years. I used the RYM strategy to refinance both properties into interest-only HELOCs at 5.75%, which unlocked about $35,000 of equity […]
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Michael Lush
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How Brett in Colorado Is Paying Off His Home in Less Than 10 Years — While Teaching His Kids This Smarter Way

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a conventional 30-year mortgage with a starting balance of $525,000. We really only had that for about 8 months before I saw RYM come across the weather channel app. That’s when I dove in and read everything and couldn’t quit reading […]
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Michael Lush
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How Stephanie in California Paid Off $30,000 on Her Home and Started Investing

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a $384,000 balance. What is the current status of your HELOC and how many months did it take you to achieve it? We have been using this strategy since February 2018. Our balance went down $30,000 the […]
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Michael Lush
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How John in Tennessee Refinanced Rental Properties into a HELOC and Paid it Down with the Income

What was your mortgage situation prior to starting with Replace Your Mortgage? Rental properties were due to be refinanced. I used the RYM strategy to pull one property out free and clear to use the equity via a line of credit to invest in an apartment complex and another startup. On a case by case […]
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Michael Lush
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How Brad in Ohio Got a HELOC (Plus $8,000 for Home Improvements) Before His First Mortgage Payment Came Due

What was your mortgage situation prior to starting with Replace Your Mortgage? We were midway through a Lease with Option to Purchase. I was able to buy the townhome for $195,000, BUT the appraisal came in at over $280,000... with an immediate $95,000 increase in our equity. What is the current status of your HELOC […]
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Michael Lush
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How Blake in Louisiana Paid Down $75,000 in Just Over a Year

What was your mortgage situation prior to starting with Replace Your Mortgage? We had just purchased a home for about $255,000 about a year and a couple of months ago. However, we were researching how to more efficiently pay down a mortgage. What is the current status of your HELOC and how many months did […]
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Michael Lush
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How Fletcher in Tennessee Stopped Fighting about Money with His Wife (and Paid Down $7,000 Their First Month)

What was your mortgage situation prior to starting with Replace Your Mortgage? We started with $218,000 owed. What is the current status of your HELOC and how many months did it take you to achieve it? After one month we reduced our HELOC balance from $218,000 to $211,000. What was your biggest concern when deciding […]
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Michael Lush
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How Emma in Utah and Her Husband Bought a Bigger House And Became Investors...

What was your mortgage situation prior to starting with Replace Your Mortgage? We sold our home in Texas that had a 20-year home-equity loan (recommended as a cash-out refinance after our remodel was finished) and moved to Utah. When we found RYM we were renting, looking to invest the money we netted from our home […]
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Michael Lush
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How Debbie in Florida Cut Her Principal Owed by $66,700 in 8 Months

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a balance of $375,600 for our home that is appraised at $480,000. We bought our current home in May 2016 so we were less than 2 years into the mortgage. What is the current status of your […]
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Michael Lush
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How Chris in Wisconsin Owed $83,000 Less in 18 Months -- Even After An $85,000 Home Remodel

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a $561,000 30-year mortgage at 3.125%. What is the current status of your HELOC and how many months did it take you to achieve it? We closed on our HELOC in May 2017 at a rate of 4.93%. After 18 months, […]
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Disclaimer: Replace Your Mortgage does not offer mortgages, Helocs, or loans of any kind. Replace Your Mortgage is not a bank, and does not provide credit offers. Replace Your Mortgage is strictly for educational and informational purposes only.
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