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 debit to my HELOC. My original balance was $198,787.
After only 4 months, my current balance is $185,687, a reduction of $13,100.
What was your biggest concern when deciding to join RYM?
For me, it was simply understanding the numbers part of the equation. I ran through several possible scenarios, and all of them came up with positive outcomes.
How has using the RYM strategy changed your life?
RYM makes personal money management much easier.
What advice would you give to a homeowner considering trying the RYM strategy?
Crunch the numbers. It works.
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 it take you to achieve it?
After almost a year of having a HELOC, our principal balance is $420,000, but we have bought an investment property of $150,000.
What was your biggest concern when deciding to join RYM?
We were concerned if RYM was real or not, and if banks would even consider or sell loans like these.
But, after we spoke to the RYM consultant... and I also verified with my family in Australia about HELOCs (they have the same loans to pay down the debt faster)... We felt comfortable to move ahead with the strategy.
How has using the RYM strategy changed your life?
We have control over our own money, and we are able to use our equity in the house to buy and sell more investments and use our money more efficiently.
What advice would you give to a homeowner considering trying the RYM strategy?
We would say to go for it, and use this strategy without even thinking twice.
Banks are not here to make us the money but make it for themselves. But the RYM strategy will do just the opposite.
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, and I'm thrilled to report that as of this month (October 2018) our HELOC balance is paid in full!
To illustrate our progress, I started keeping detailed notes in September of 2017. Here is our actual balance history:
https://screencast.com/t/EAYfygzh
Some may look at that image and argue that my wife and I earn a good income, but that is why we are a great example of this technique working as described.
We paid off our home in 24 months using RYM vs. 26 more years in a traditional mortgage. Wow.
What was your biggest concern when deciding to join RYM?
In addition to being worried that the whole concept was too good to be true, my second biggest concern was that it would be more work than I could tolerate (e.g., the nightly sweep from checking would not work).
I was also concerned about rapidly rising interest rates but, after I fully understood the difference between "rate of interest" and "volume of interest," I pressed on.
How has using the RYM strategy changed your life?
Oh my gosh, I cannot tell you how powerful and stress-relieving RYM has been for improving our lives.
Besides now being a position to quickly leverage hundreds of thousands of HELOC dollars on other good investments, which accelerates my family's chance at real wealth...
It has also led to our family opening two Infinite Banking policies. I cannot thank you enough, truly.
What advice would you give to a homeowner considering trying the RYM strategy?
Do it. Do it now. You always have a chance to go back to a traditional mortgage if you desire, but you won't.
Remember, it's not magic. It's math.
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 month #1, we reduced our principal balance from $173,000 to $129,100. In two more months, our principal will be at $119,000.
What was your biggest concern when deciding to join RYM?
Our biggest concern was getting out of our thought pattern (mortgages) and learning a different strategy.
After joining RYM, we were equipped with the knowledge and support team we needed to make the financial change.
How has using the RYM strategy changed your life?
We feel much more aware of how money works, and how to make it work for us, by not paying hundreds of thousands of dollars in interest.
What advice would you give to a homeowner considering trying the RYM strategy?
Do it. Once you apply the RYM strategy, a mortgage will almost seem like a slap in the face.
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 and getting my HELOC, I have paid the principal down to $280,000.
That’s more principal reduction in 5 months than in the previous 10 years.
What was your biggest concern when deciding to join RYM?
I had several fears initially...
My biggest fear was that I was missing something in my financial calculations, and the strategy wouldn’t work as well as I had hoped.
As time has progressed, that fear has totally subsided, as I have been able to pay the principal down just as fast as the HELOC calculator said I would.
Additionally, I was able to pay off $15,000 in credit card debt and take a summer vacation to Cabo.
How has using the RYM strategy changed your life?
Using this strategy has totally changed my financial perspective.
Because I can now anticipate having a paid-off house in 3-4 years, I am looking for investment opportunities for future funds.
I am having a blast learning about different real estate strategies, infinite banking concepts, stocks, options, futures and currency trading.
My wife and I go on weekend trips to different towns to see if we would like to buy our future home there.
RYM has made me optimistic about my financial future.
What advice would you give to a homeowner considering trying the RYM strategy?
It’s healthy to be skeptical when something sounds so good.
But it's math, not magic.
If you’re accurate with your net income and expenses, and you can be disciplined with your expenditures, it WILL work!
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 months, we have reduced our balance to $450,000 and created a LILOC in the process.
We have two kids in college and one more to go, along with running two businesses. We have been very happy with strategy.
What was your biggest concern when deciding to join RYM?
We were worried about RYM's value proposition (cost vs return). It turned out to be a great investment in strategy.
How has using the RYM strategy changed your life?
It allowed us to reduce our interest costs while creating significant flexibility in our financial plan for the future. We have been able to create other income-generating assets.
What advice would you give to a homeowner considering trying the RYM strategy?
Just do it.
Your growth requires change. If you truly want to create financial freedom and opportunity, then you need to get disciplined and hold yourself accountable to making the necessary changes.
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 are down to $316,000, but we have also paid off $10,000 in debt.
At 12 months into our HELOC, we are on track to have a balance of $280,000.
What was your biggest concern when deciding to join RYM?
Our biggest fear was finding the product with the best terms or that the HELOC was going to be more work to manage.
Being an engineer, I went over and over the math. The numbers didn't lie.
How has using the RYM strategy changed your life?
We feel empowered. Next step: Infinite Banking!
What advice would you give to a homeowner considering trying the RYM strategy?
With little to no closing costs and competitive (even fixed) rates, there is no reason not to switch to a HELOC and give yourself the financial freedom you deserve.
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 balance from $250,000 to $223,000.
We have also paid off all credit cards. So much better.
What was your biggest concern when deciding to join RYM?
The initial investment money seemed overwhelming, but we decided to to go anyway because we wanted financial freedom.
How has using the RYM strategy changed your life?
We are no longer stressed over making monthly payments. We have financial freedom. Retirement will be easier.
What advice would you give to a homeowner considering trying the RYM strategy?
Get started now. Do not waste time.
Be in charge of your money. Financial freedom is a great feeling.
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 it take you to achieve it?
We got our HELOC approved after 2 months of trying.
We've only been able to apply the methodology for a few months. After 2 months, we have reduced our principal balance to $297,000.
What was your biggest concern when deciding to join RYM?
Before being in the RYM program, I wondered, "Is it a sham? A quick way to take our money?"
After being in the program (pre and post HELOC approval), I was concerned that a bank will freeze the liquidity of the HELOC.
How has using the RYM strategy changed your life?
We're on our way to financial freedom. In a few years, I'll be working because I want to, not because I have to.
My wife and I are at the point where we want to start a family. The ability to dictate when we want to work is going to be huge. We make good money, but when I'm not home to see our future kids growing up, I know I'll regret it.
Thank you for helping us figure out how to get ahead and out of the rat race.
What advice would you give to a homeowner considering trying the RYM strategy?
2 items...
1. It works. It's math, as your team says.
Positive cash flow is the game. If you have it, it will work.
2. Ask for testimonials (and ask RYM for clients willing to do this) if you don't believe it. I certainly would be willing.
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 months of using our HELOC, our balance is currently $229,000.
What was your biggest concern when deciding to join RYM?
We were worried RYM was "too good to be true."
I also worried that I wouldn't understand the strategy enough to be able to make it work.
And I worried that I wouldn't qualify for a HELOC that would meet the criteria.
How has using the RYM strategy changed your life?
RYM has absolutely changed my life. I was shocked at how quickly the principal balance was falling. To see my balance at $50,000 less than what it was after just 10 months is mind-blowing.
What advice would you give to a homeowner considering trying the RYM strategy?
I've told a number of people about this and how much of a game changer it is. You are throwing money away by using a conventional mortgage. Let RYM walk you through step-by-step how to do this.
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 when deciding to join RYM?
I was concerned about the potential of rising interest rates. The calculator shows that rising interest rates will have an effect, but the effect is reduced as you're paying down the principal.
How has using the RYM strategy changed your life?
RYM was the first step in a series of steps that opened my eyes to a smarter way to manage my money to turn a line of credit into my own bank, which then gives me the flexibility to enact other options like Infinite Banking or investment opportunities.
What advice would you give to a homeowner considering trying the RYM strategy?
With today's rising interest rates, it's a little bit of a harder sell, but the math still works out when you compare the cost of 30 years of interest vs 5-10 years of RYM.
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 it?
Our HELOC's starting balance was $360,000. We paid off consumer debt and put a down payment on a second home to be built (the total was around $40,000).
Our current HELOC balance is now at $370,000 after 6 months, but we project to be back at $360,000 in two more months.
We have been our own bank. Our home will be paid off in 8 years instead of 30, and our second home should only take 3-4 years to pay off after we pay off our HELOC.
What was your biggest concern when deciding to join RYM?
I was concerned about rising rates but learned that the math works.
Our home will take us around 8 years to pay off, even with the purchase of another home.
That home (after the HELOC is paid) should be paid off in less than 3 years, even if rates rise an average of .5% from prime rate today every year. It’s mind-boggling.
How has using the RYM strategy changed your life?
Freedom. Freedom from loans, consumer debt and the ability to purchase another home (for rental income). This will give us a way to “save” for college, weddings and retirement in a much more aggressive way.
What advice would you give to a homeowner considering trying the RYM strategy?
Don’t wait. RYM is life changing. Logistically, be sure to set a realistic budget that you can stick to, so you can maximize the benefits of the HELOC (especially on the intro period).
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage for $450,000. We had about a $436,000 balance after paying 13 payments for 1 year.
What is the current status of your HELOC and how many months did it take you to achieve it?
Our balance is $400,000 in 1 year, but we used about $10,000 for home improvement. It would be closer to $390,000 without that.
What was your biggest concern when deciding to join RYM?
I thought RYM was a scam at first.
How has using the RYM strategy changed your life?
I have financial freedom now. When a good investment or a need for quick cash comes up, I have the ability to do it...
For example, I was able to buy a $3,300 horse trailer because of the cash available. I then was able to sell my old trailer for a $700 profit, and I can already sell my current trailer for around a $700 profit. With a typical mortgage I wouldn't have cash available to do this.
What advice would you give to a homeowner considering trying the RYM strategy?
Make sure the income and expenses stay the same as imputed into the calculation at the beginning. It is easy to overspend because money is very accessible.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with an outstanding balance of $128,854.
What is the current status of your HELOC and how many months did it take you to achieve it?
We have been using our HELOC to purchase rental properties.
We have $24,499 of equity sitting in a rental and our HELOC balance is still down to $122,789. If we hadn't bought the rental, that's another almost $25,000 our HELOC balance would be reduced by. But, on the other hand, we've also increased our monthly income by about $150.
What was your biggest concern when deciding to join RYM?
What RYM teaches does seem almost unreal, but logically it makes sense.
After talking with our consultant, Randy, we were convinced that we could trust the company. Also, the price can be a little intimidating, but it was WELL worth it.
How has using the RYM strategy changed your life?
RYM has flipped a switch in my brain, which has helped lead to newer and better avenues of personal finance in my life.
We now have a financial plan in place that will allow me to only work 4 days a week in 5 years to reach financial freedom completely in 10 years.
What advice would you give to a homeowner considering trying the RYM strategy?
Do it. You can trust these guys, and you won't regret it.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year fixed-rate mortgage at 3.375%, with a starting balance of $135,000.
We had $122,000 left on our mortgage after paying on it monthly for 5 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 5 months, we’ve reduced our principal balance to $113,000.
We’ve managed to pay off $50,000 in debt, including a truck and our wedding -- which we celebrated just 4 weeks after getting approved. What a great start to our lives together.
What was your biggest concern when deciding to join RYM?
Our biggest concern was that RYM was a big scam. What helped us overcome that was the calculator on your website.
How has using the RYM strategy changed your life?
We feel much more comfortable financially.
What advice would you give to a homeowner considering trying the RYM strategy?
Do the math.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We didn't have a mortgage prior to starting with Replace your Mortgage. We utilized the strategy as new homeowners.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 14 months, we have reduced our principal balance to $206,000 from $380,000.
What was your biggest concern when deciding to join RYM?
We were worried RYM wasn't going to be effective but, after implementing the strategy, we were very surprised to see how much we've paid off our house in just about a year.
How has using the RYM strategy changed your life?
It is saving us money on our mortgage every month and will allow us to be debt-free way sooner than we pictured as young, new homeowners with one income. (My wife is currently in full-time graduate school for anesthesia.)
What advice would you give to a homeowner considering trying the RYM strategy?
Trust the process and ensure that you are keeping all of your money in the HELOC as long as possible when considering withdrawals, etc.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a $370,000 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?
We got our HELOC 3 months ago. It only took 3 weeks from beginning to end to get after using the RYM methodology.
We were able to get a HELOC for $475,000, pay off our mortgage, our 2 car loans, our student loans and our outstanding credit card debt.
We now have a substantial positive net cash flow monthly, and we can, for the first time ever, fully utilize our total income to pay down debt. We paid down $10,000 net positive in the last 3 months, while saving hundreds of dollars in interest.
What was your biggest concern when deciding to join RYM?
RYM sounded too good to be true, but I knew others that had done it, and the system is "paint by numbers" so I felt very confident in being able to execute the strategy.
How has using the RYM strategy changed your life?
I have no more stress of paying our huge mortgage payment and all other debt. The stress reduction and knowing we have a strategy to pay off our home in 4-5 years with opportunity to invest is huge.
It would not have been possible doing it the "old way."
What advice would you give to a homeowner considering trying the RYM strategy?
Listen to the podcasts, do a free consultation and do the math for your own financial situation.
If you meet the minimum criteria, this is a no-brainer plan.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a balance of $230,000.
When we joined RYM, we had $210,000 remaining in principal after paying the monthly payment for 5.5 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 3 months, our balance is down to $193,000.
What was your biggest concern when deciding to join RYM?
Initially, I did think RYM was too good to be true.
But, I'm an accountant, so I crunched the numbers. This strategy works, if you stick to the plan.
How has using the RYM strategy changed your life?
It's made both me and my husband conscious of all the little things we were needlessly spending money on -- how those little things can add up to a big benefit by paying down that HELOC.
What advice would you give to a homeowner considering trying the RYM strategy?
I would advise you to pencil out the numbers, using as much of a realistic scenario as possible. If you do this, you will go into the plan knowing what to expect.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $205,000. It was $182,000 after 5 years of payments.
What is the current status of your HELOC and how many months did it take you to achieve it?
In 9 months, we reduced our balance to $142,000.
What was your biggest concern when deciding to join RYM?
I was nervous because, if it was this easy, everyone should be doing it.
I watched a lot of videos with Michael explaining things, and he seemed very honest and genuine. So my wife and I decided to take a risk.
How has using the RYM strategy changed your life?
It has put my mind at ease, knowing that I can have my house paid off 20 years sooner than I originally would have.
What advice would you give to a homeowner considering trying the RYM strategy?
I have given my friends advice to look into RYM if they make more than they're spending.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We bought a new build with a $250,000 30-year mortgage at 4.85%.
When we joined RYM, we had about $226,000 of remaining principal balance after paying our monthly payment for 8 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
It took us 7 months after joining the program to actually get our HELOC.
In just several months, we reduced our principal by several thousand dollars.
We used the equity in our HELOC for furthering our education in real estate investing.
What was your biggest concern when deciding to join RYM?
Our biggest concern was family and friends. I shouldn't have said anything to them when I was still trying to wrap my brain around it and learning how to articulate it clearly.
We are so conditioned to think one way and, the more time I spent watching videos and hearing Mike speak, I was more assured and confident that Mike was genuine and had a real interest in helping others like my wife and I.
We prayed about it and thought it was a logical risk worth taking.
How has using the RYM strategy changed your life?
One cool story is I shared RYM with my brother.
He went and did it himself and was able to free up money, so that he is now able to adopt 2 children from Bulgaria (in the works).
And for us, we were able to purchase a course on financial education that my wife are doing together. It's helped us bond more and spend more time together because we have to travel and work together.
So much good has come from us entering the RYM program, and I have a good feeling there is more to come.
What advice would you give to a homeowner considering trying the RYM strategy?
Crunch the numbers and speak with a RYM rep. We were able to get more clarity about the program that way. My wife wasn't with me, but she came in about 45 minutes later, so our rep went back over it with my wife present.
I wanted her there because she processes information differently than I. Afterwards, we were able to bounce ideas, brainstorm together and share in the excitement.
So, have your spouse there because their strengths will help process the program better.
In the big picture, it actually is giving you and your family more flexibility, moving you forward to greater financial freedom.
So I know this might sound cliche, but it's actually fun. When you see the principal reduction, the speed at which the mortgage goes down and the availability of funds to utilize for future investments or vacations for the family, etc... it's really exciting.
It helps move you off the hamster wheel of life and will open up more possibilities.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $337,000.
When we joined RYM, we had $293,000 in remaining principal balance after paying for 4.5 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 13 months, we have reduced our principal balance to $147,000.
What was your biggest concern when deciding to join RYM?
I was afraid that we wouldn't be able to have access to the funds as we needed, but everything went smoothly and has ever since.
How has using the RYM strategy changed your life?
We had a large cash balance in savings that was earning hardly anything. After putting that to work in the RYM system, it has reduced the interest significantly that we are paying and has freed that money up for other things.
So far, we have saved over $9,000 in interest.
What advice would you give to a homeowner considering trying the RYM strategy?
Do your homework on yourself and make sure you have the discipline to work the system the right way. If you do, it will work.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year fixed mortgage of $225,000.
When joining RYM, our remaining balance after 4 years of payments was $187,000.
What is the current status of your HELOC and how many months did it take you to achieve it?
We currently have a remaining balance of $75,000 with our HELOC.
We have been RYM members for almost 2 years now.
What was your biggest concern when deciding to join RYM?
My husband mentioned it to me and we looked into it.
We were very skeptical at first and had called around to a few banks that had no idea about the HELOC method.
David was great with answering all of our questions and made us very comfortable with the process. I was also concerned about the initial cost of RYM.
How has using the RYM strategy changed your life?
We are projected to pay off our primary residence HELOC within the next 4 years.
We have also been able to purchase an additional income property in Costa Rica.
What advice would you give to a homeowner considering trying the RYM strategy?
Sign up now. It will change your life.
If you want to become debt-free and have your money work for you, RYM is the best strategy, hands down.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year $100,000 mortgage on the house we bought in 2007.
We refinanced to a twenty year $72,000 mortgage in 2017.
What is the current status of your HELOC and how many months did it take you to achieve it?
Hmmm... we have paid it down quite a bit, but we have also added a bit (from quarterly taxes, significant dental work and some basement infrastructure work).
I believe we are at $59,000 (in October 2018) after an opening HELOC balance of $76,000 in June 2018.
What was your biggest concern when deciding to join RYM?
After talking with the RYM consultants, I was excited about the strategy.
My biggest concern was the logistics of transitioning the day-to-day banking.
How has using the RYM strategy changed your life?
I like being able to use the equity in the house, as opposed to wondering where the money is going to come from.
And it is very gratifying to pay down the principal, rather than putting money into lots of different “holding” accounts designated for specific purposes, such as taxes.
What advice would you give to a homeowner considering trying the RYM strategy?
Do it. Watch the introductory videos, write down your questions, have a conversation (or two or three) with the RYM consultants and go for it.
The peace of mind from having a strategy in place has been well worth the investment.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage starting at $130,000.
When we joined RYM, we had a $115,000 remaining principal balance after paying our monthly payment for 10 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 11 months, we have reduced our principal balance to $98,000.
What was your biggest concern when deciding to join RYM?
Our biggest concern is the variable rate.
How has using the RYM strategy changed your life?
Using the RYM strategy has help me acquire more investment properties. Bringing in an extra $2,000 a month.
What advice would you give to a homeowner considering trying the RYM strategy?
Try it for a year, as long as your disciplined. If you don't like the numbers, go refinance back to a 30-year mortgage.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year fixed-rate mortgage for $385,000.
We started RYM in 2016 with 17 years and $320,000 principal remaining.
What is the current status of your HELOC and how many months did it take you to achieve it?
We got a $660,000 HELOC.
We cash-parked all gross income per RYM instructions. The $350,000 owed is zero as of September 2018.
What was your biggest concern when deciding to join RYM?
Cash parking is (was) the hardest concept to explain to my spouse.
Once the math was apparent to my spouse, she thence allowed me to pull the trigger.
How has using the RYM strategy changed your life?
Fixed-amortization (with my mortgage), $350,000 interest was scheduled to go to someone else over time.
RYM reduced that value to $71,000, which means RYM saved us $280,000 without ANY lifestyle or budget changes whatsoever.
What advice would you give to a homeowner considering trying the RYM strategy?
It's MATH, not MAGIC.
Focus on cash parking as an equally liquid practice, NO DIFFERENT than any bank account. There is NO difference in lifestyle or budget.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage for $180,000.
We paid on it for 9 months before joining RYM.
What is the current status of your HELOC and how many months did it take you to achieve it?
We closed on our $185,000 HELOC on December 29, 2017, which got us out of debt except for a car lease and a camper payment.
As of October 8, 2018, we owe $171,150 on our HELOC.
That is with not changing anything about how we live, paying bills, upgrading our lease to owning this car (with the same payment) and many camping vacations we traveled over 3000 miles for this summer.
What was your biggest concern when deciding to join RYM?
It was not believable...
I remember, I asked my friend in Australia if they actually bank the way it was stated in commercials on YouTube. He said yes, that he is in his second home and will have it paid off in 2022.
How has using the RYM strategy changed your life?
RYM makes me want to invest in local rental properties when we get a enough equity.
What advice would you give to a homeowner considering trying the RYM strategy?
What are you waiting for?
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year VA mortgage with a starting balance of $345,000.
When we joined RYM, we had $331,000 in remaining principal balance after paying our monthly payment for 3 years.
What is the current status of your HELOC and how many months did it take you to achieve
it?
After only 9 months, we have reduced our principal balance to $312,000.
What was your biggest concern when deciding to join RYM?
We were really skeptical about the entire program but, after speaking to the RYM consultant, we felt comfortable with the answers.
He even laid out the entire process and qualified us for the program. He further explained that the program is not just for anyone and thus the qualification process is done.
We felt confident in the strategy after that and became a member.
How has using the RYM strategy changed your life?
We are now planning to invest in rental properties in the coming 10 years, and we have plans to retire earlier than the age of 67.
What advice would you give to a homeowner considering trying the RYM strategy?
It's not magic. It's just math. It may sound like a cliche, but there's a lot of truth in it with the RYM strategy.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $190,000. When we joined RYM, we had $168,000 remaining after 5.5 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 2 months, we reduced our principal balance to $138,000.
What was your biggest concern when deciding to join RYM?
Like others, we thought RYM was too good to be true.
The calculator was very helpful to “see” how it could work out. Derrick (our RYM consultant) was also kind, straightforward and seemed trustworthy, so that was helpful. I was concerned with the price, because it is on the high side for our family.
How has using the RYM strategy changed your life?
It has been awesome. Our eyes have been opened to other ways of wealth and opportunities we never would have imagined before.
What advice would you give to a homeowner considering trying the RYM strategy?
It works. It’s not magic. it’s math.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage that we just refinanced with Quicken Loans.
After learning about the RYM Strategy, we decided to get a HELOC. We had less then $10,000 in savings.
What is the current status of your HELOC and how many months did it take you to achieve it?
We just refinanced our primary home from one HELOC to another because of a better interest rate.
We started a year ago at $414,000 and have paid it down to $308,000 in a year.
The new HELOC value is more because of increased value to $480,000, with a $318,000 balance.
We also have two HELOCS on investment properties that are paid off and open with a combined availability of $123,000.
What was your biggest concern when deciding to join RYM?
At first, we just feared doing something different than everyone else.
Even before joining RYM, I knew it made sense. Joining and talking to Michael just reassured us that this was the right thing to do.
How has using the RYM strategy changed your life?
Since our first introduction with RYM, we have sold two houses and bought four.
The RYM strategy has allowed us to have flexibility to have down payments, purchase investment properties for cash and build a $100,000 pool in our primary home that we live in now.
We just refinanced into a new HELOC on our primary home because of the 12-month low 1.99% rate and will use the $160,000 equity to purchase more investment properties.
We only had $10,000 in savings before we started with RYM.
What advice would you give to a homeowner considering trying the RYM strategy?
Do your research and use common sense. Don't listen to people who live their lives in fear and who don't take the time to investigate to better their lives.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $270,000.
When we joined RYM, we had only paid on it for about a year.
What is the current status of your HELOC and how many months did it take you to achieve it?
We got a 90% loan-to-value HELOC and paid off a hefty car payment and some credit card debt, which brought our balance up to $324,000.
In just over a year, we have paid it down by $15,000 and also paid our daughter's tuition for the year.
What was your biggest concern when deciding to join RYM?
Our biggest fear was having a variable interest rate.
But, after plugging in many different rates into the RYM calculator, and still seeing how the balance declined, it was apparent that the rate wasn't what made the strategy work.
It was the suppression of the daily balance.
How has using the RYM strategy changed your life?
RYM has given us newfound hope that we can actually pay off a mortgage now. We won't have that debt hanging over our heads for the rest of our lives.
What advice would you give to a homeowner considering trying the RYM strategy?
Stay away from using your equity you build while using the RYM strategy.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a fixed-rate of 3.85% and balance of $425,000. I just refinanced 1 month prior to learning of Michael’s strategy.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 12 months, our balance is $363,000. So, about $62,000 less than the starting balance.
What was your biggest concern when deciding to join RYM?
I worried, "If I spend the money with RYM, are they really going to help?"
How has using the RYM strategy changed your life?
I have simplified finances, a huge safety net of liquid cash and a lifetime of knowledge. It's easier to track progress, and I'm venturing into investment opportunities now. .
What advice would you give to a homeowner considering trying the RYM strategy?
Please get out of your own way long enough to see you are getting far more in return then what you pay.
Anyone can do this and the discovery call determines those that are in a good place to take advantage of our banking system.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage for $421,000 when we joined RYM. We were down to $415,000 balance after 1 yearm when we refinanced to a HELOC.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 7 months with a HELOC, our principal balance is $390,000.
What was your biggest concern when deciding to join RYM?
At first, we just wanted to make sure the program wasn’t a scam. After several calls, we realized it was math.
How has using the RYM strategy changed your life?
It was a little hard to get used to not having a physical savings account, but that taught us to budget better.
What advice would you give to a homeowner considering trying the RYM strategy?
Do it.
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.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $115,000, with a remaining principal balance of $104,000 after paying it down for four years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 7 months, our balance has increased to $106,700. The important thing here is we lost one of our incomes for a couple of months and have had a few surprise large bills come in (vehicle accident and small surgery).
The RYM strategy allowed us to keep living life and not get way behind on bills due to being able to access the equity in our home like a bank account. So, we are no worse off financially now than we were before my wife lost her job.
What was your biggest concern when deciding to join RYM?
My biggest concern was that RYM would be harder to implement than advertised. It is actually much easier.
Bryan Zimmerman walked us through the whole process and was very instrumental in helping us through.
How has using the RYM strategy changed your life?
It has shown us that there is a different and better way of paying for a house.
We are soon to be in a position that we will be able to purchase a second house. I never thought that would be possible until utilizing this strategy.
What advice would you give to a homeowner considering trying the RYM strategy?
Just do it.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting principal balance of $175,000.
When I joined RYM, my balance was $169,000. I had to bring it down to $149,000 in order to qualify for the HELOC.
What is the current status of your HELOC and how many months did it take you to achieve it?
I owe $131,000 currently (in October 2018), but that is because I have taken out over $80,000 to buy two other properties.
One of them I paid in cash because it’s a condo at a ski resort, and that’s a little tricky to get financing for, and the other I had to put $33,000 down to get the best interest rate.
What was your biggest concern when deciding to join RYM?
My biggest concern was that RYM wasn’t a good idea because I had never heard of it before. Also, I was concerned that it may be a scam.
After digging deep, I decided that it was a good idea. I read the reviews, and they were good, so I wasn’t worried about it being a scam anymore.
How has using the RYM strategy changed your life?
I love the flexibility I have with RYM.
I got my mortgage balance down to under $100,000 2 times before I bought other properties, and that was a great for my family, but I felt like investing was more important than reducing my mortgage balance. Although, once again, I am working on paying it down.
I feel that I will be a lot better off financially in the future because of RYM.
What advice would you give to a homeowner considering trying the RYM strategy?
This is a great strategy for someone who is disciplined, has good cash flow and is able to put money away.
If that is you, then you will truly benefit immensely from the program.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with $300,000 remaining after 2 years of monthly payments.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 18 months with a HELOC, we have reduced our principal by $15,000.
What was your biggest concern when deciding to join RYM?
Our biggest concern was "This is a scam."
But, after talking to Michael, he set us at ease. We started running numbers and realized that RYM was for real.
How has using the RYM strategy changed your life?
RYM is changing our life for the better. We are going to start purchasing rentals soon and reducing debt as we continue to be debt-free.
What advice would you give to a homeowner considering trying the RYM strategy?
This has been the best investment in our future and can be for yours, too.
Michael and David are the real deal. Follow their directions and advice, and you will see yourself become debt-free.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage starting at $425,000, with balance of $408,000 after just under 2 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
We owe $392,000 and have only had the HELOC for 1.5 months.
We've paid off some consumer debt (auto loans) and are utilizing it for cash flow assets already as well.
What was your biggest concern when deciding to join RYM?
I really had no fear once it "clicked." I was VERY eager to start the process.
How has using the RYM strategy changed your life?
This strategy is truly the fastest way to begin growing wealth and multiplying dollars.
This is saving our family over $200,000 in paid interest and allowing us to invest in cash-flowing assets faster than I ever thought possible.
What advice would you give to a homeowner considering trying the RYM strategy?
Don't. Ever. Do. A. Mortgage! 🙂
We have had probably 200 hours of discussion on this with several coworkers (2 of which are RYM members after I introduced them to the process) and have blown a lot of minds with the capability and power of this process.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage of $302,000.
When we joined RYM, it was a balance of $282,000 after 7 years of paying our mortgage AND paying an extra $750 per month.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 22 months, we have reduced our principal balance to $217,000.
What was your biggest concern when deciding to join RYM?
We feared RYM was too good to be true and out-of-the-box thinking.
But, it isn’t magic at all. Truly, it’s math. It lets me breathe.
How has using the RYM strategy changed your life?
The principal declines, even as interest rates rise.
We are also doing this without having to earn more income.
I’m hooked on looking every week how the difference in our balance like. It’s addicting.
What advice would you give to a homeowner considering trying the RYM strategy?
Take the challenge of comparing your current mortgage vs. the accelerator calculator with RYM.
Watch the videos and make the discovery call. There is nothing to lose, and there is everything to gain.
What was your mortgage situation prior to starting with Replace Your Mortgage?
I had a 30-year FHA mortgage with a starting balance of $530,000.
When we joined RYM, we had a $515,000 remaining balance after paying our monthly payment for 22 months.
What is the current status of your HELOC and how many months did it take you to achieve it?
Currently (in October 2018), I owe $472,000 on my HELOC after only 2 months.
I put a large chunk down and am applying the RYM strategy.
What was your biggest concern when deciding to join RYM?
My biggest fear was unknown variable interest rate. But, I realized that interest rates aren't as big factors compared to principal and time.
How has using the RYM strategy changed your life?
RYM has changed my life by allowing me to have the cake and eat it, too.
I can pay off debt at an accelerated rate without the worry of locking up all my cash flow in an inaccessible equity account. It’s going to accelerate my financial freedom 6-fold.
What advice would you give to a homeowner considering trying the RYM strategy?
Follow the RYM strategy to a "T."
Learn to be disciplined and maintain a focused mindset to acquire the goal of reducing interest and creating financial freedom sooner.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had 30-year mortgage. We put $20,000 down, with a balance of $218,000 after 9 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
We closed on our HELOC on July 31, 2018 with a balance of $247,000 (we transferred 2 credit cards' debt).
The balance currently (in October 2018) is $236,500.
What was your biggest concern when deciding to join RYM?
We thought RYM was definitely too good to be true.
But, the videos and meeting with the consultant, where he went through the numbers and graphed it, helped us.
How has using the RYM strategy changed your life?
We feel like it's actually finally achievable to be debt-free before our youngest is halfway through college (he's a sophomore in high school) and that we'll actually be able to retire.
We want to be able to enjoy our kids and future grandkids and not have to work until we're old.
We are also hoping to be able to educate our children so they are smarter out of the gate with their money and home purchases.
What advice would you give to a homeowner considering trying the RYM strategy?
Believe it. The numbers don't lie.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year FHA mortgage with a starting balance of $275,000.
We joined RYM about 1 year ago.
What is the current status of your HELOC and how many months did it take you to achieve it?
After approximately 12 months, we have reduced our principal balance by $137,000.
What was your biggest concern when deciding to join RYM?
We were worried that RYM was a scam but, after watching several videos and talking with our consultant several times, we learned it was math and not a scam.
How has using the RYM strategy changed your life?
It has given us the freedom for our hard-earned money to work better for us and not the bank.
It will also put us in a better situation to seize investments if they become available.
What advice would you give to a homeowner considering trying the RYM strategy?
Watch the videos and discover it's math, not magic.
What was your mortgage situation prior to starting with Replace Your Mortgage?
I had 28.5 years left on a 30-year mortgage. My balance was about $278,000.
What is the current status of your HELOC and how many months did it take you to achieve it?
It took about 5 months after joining RYM to close on the HELOC.
After about 12 months, the balance has gone from $278,000 to $218,000. I made some large deposits from other accounts to help drive down the principal.
What was your biggest concern when deciding to join RYM?
I initially had the “too good to be true” concern but had a coworker who verified that the program works.
It was a relatively large amount to pay for the education but, after thinking about it for a few months, I decided to go for it.
Without risk, there is often little reward. It also helps knowing that you are still dealing with real banks and RYM never touches your home financing (not that it would be a problem).
How has using the RYM strategy changed your life?
I enjoy the idea of financial freedom, and this is one big step to owning my home free and clear.
Having the large mortgage always seemed to be a burden to freedom, even though I was making extra payments.
What advice would you give to a homeowner considering trying the RYM strategy?
The RYM strategy does work. You are paying RYM for an education on how to break away from the conventional mortgage norm.
Once you see how the strategy works, you want to put more money in the HELOC for a quicker payoff.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had 30-year mortgage with a starting balance of $240,000.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 24 months, we have reduced the principal from $240,000 to $150,000.
What was your biggest concern when deciding to join RYM?
Initially, I was worried it was a ccam, because it sounded too good to be true.
But, after talking to Michael, it all made sense and I felt comfortable to proceed with the RYM plan.
How has using the RYM strategy changed your life?
It's a dream come true. It has made us understand how savings work and believe that we will payoff our house in less than 5 years.
What advice would you give to a homeowner considering trying the RYM strategy?
Believe in the plan and stay the course. Take advice from RYM team. They know what they are talking about.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We joined RYM about one year after obtaining a 30-year mortgage on our townhome
At that time, we had 29 years remaining with a $168,000 principal balance.
What is the current status of your HELOC and how many months did it take you to achieve it?
After only two months our principal balance is down to $145,945. With a conventional mortgage this would take six years of payments to reach this balance.
What was your biggest concern when deciding to join RYM?
I was worried if this entire process would work because we never heard of such a technique. Could it be true?
If not, how much are we going to lose? Jow much will we screw up our credit rating?
However, watching the YouTube videos and speaking with a RYM representative during our free consultation helped provide enough confidence to move forward. So glad we did.
How has using the RYM strategy changed your life?
RYM opened our eyes to the idea that there may be better solutions to us outside of the mainstream.
In short, it taught my wife and I that we need to question everything and explore alternatives.
What advice would you give to a homeowner considering trying the RYM strategy?
Seriously review the process. Do your research. Take action.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage (VA Loan) at 3.25%.
Our balance was $364,000, and we were paying an extra $500 per month against our mortgage. At that rate, we were going to pay it off in 22 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 11 months, we're now down to $310,000, and we are fully paying for our son to attend Stanford (with no student loans).
At our current progress, we will be free and clear in less than 6 years (70 months, and this includes paying for both kids to attend great colleges).
What was your biggest concern when deciding to join RYM?
It is amazing that more people do not use this method, and it really does seem to be "too good to be true."
I had to build my own Excel spreadsheet that calculated the numbers just like the online calculator. That way, I could fully understand the numbers and know that someone wasn't "pulling a fast one on me."
How has using the RYM strategy changed your life?
I recently turned 50, and I had concerns about not owning my home by the time I reached 60.
With having to put two children through college, how was I going to pay for that and have my house free and clear?
With the RYM information, I can now sleep comfortably at night, knowing that my family will not have to worry about our home or college as I approach retirement.
What advice would you give to a homeowner considering trying the RYM strategy?
It is a big leap of faith going with the RYM, unless you go through the numbers and trust what you are seeing. Take your time, and fully understand how the process works.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $284,000.
We had a balance of $274,000 in remaining principal balance after paying our monthly payment for 1.5 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 5 months, we have reduced our principal balance to 260,000.
What was your biggest concern when deciding to join RYM?
I did not know anybody implementing a first-lien HELOC strategy.
I knew second-lien HELOCs were possible but not first-lien.
After the initial call, running numbers and knowing that a first-lien HELOC exists and it’s possible, it was no holding back, besides convincing my wife. 🙂
How has using the RYM strategy changed your life?
RYM gave us peace of mind and flexibility to do house projects without having to get a second-lien HELOC.
It has also given me a sense of smart money strategy, so the educational piece was eye-opening.
What advice would you give to a homeowner considering trying the RYM strategy?
Do some research on using different methods, including second-lien HELOCs, credit cards, etc. to pay off your mortgage.
Now, imagine using all those strategies in one with RYM.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $290,000.
When we joined RYM, we had $285,000 in remaining principal balance after paying our monthly payment for 1.5 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 15 months, we have reduced our principal balance to $215,000.
What was your biggest concern when deciding to join RYM?
We were worried about the variable interest rate and the risk it may increase significantly as compared to the fixed rate we had at the time.
After speaking with Michael, we better understood how and why the rate was not as important when using the RYM strategy.
How has using the RYM strategy changed your life?
We’ve become more focused on how we approach our finances and disciplined to adhere to a budget.
It’s increased our communication about money, which was void for so long, bringing us closer in our relationship as we both work toward a common goal.
What advice would you give to a homeowner considering trying the RYM strategy?
It takes personal discipline with regard to adhering to a budget and living within your means.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with 22 years left and a $188,000 balance when we joined RYM.
What is the current status of your HELOC and how many months did it take you to achieve it?
After 6 months, I reduced my balance by almost $20,000.
What was your biggest concern when deciding to join RYM?
I was concerned about not being able to talk to bankers. I was too shy, afraid of looking stupid.
How has using the RYM strategy changed your life?
I was going to get a reverse mortgage at 62 when I found RYM. Now I don't have to.
What advice would you give to a homeowner considering trying the RYM strategy?
Get out of your programmed comfort zone of traditional banking.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a starting balance of $131,000.
When we joined RYM, we had a $105,000 remaining principal balance after paying our monthly payment for 7 years
What is the current status of your HELOC and how many months did it take you to achieve it?
After 8 months, we have reduced our principal balance to $67,000. We sit at an $85,000 balance.
However, the best part is that we have made some investments from the HELOC, which would have otherwise been impossible without it.
What was your biggest concern when deciding to join RYM?
The upfront cost was our biggest concern, but we felt that the plan was the answer for us and doable. So, we made the leap.
How has using the RYM strategy changed your life?
RYM has, BY FAR, been the best stress and worry reducer we could have ever hoped for. It has established an overarching calm upon our life.
What advice would you give to a homeowner considering trying the RYM strategy?
Mortgages are, and always will be, enslaving.
RYM's HELOC approach will be an absolute godsend to your life. Free yourself ASAP.
What was your mortgage situation prior to starting with Replace Your Mortgage?
I had a 30-year mortgage with a starting balance of $378,000. (I bought the house in 2011 for $350,000, but I refinanced money out in 2015.)
When I joined RYM, I had a balance of $354,000.
What is the current status of your HELOC and how many months did it take you to achieve it?
After one month, I reduced the principal by $110,000 because I deposited all my savings into it.
What was your biggest concern when deciding to join RYM?
I didn't have any concerns because I watched all your free videos. I did really exercise the math and did a thoroughly investigation of what a HELOC is.
How has using the RYM strategy changed your life?
I feel better in control of my finances and know I will not spend 30 years paying off a house.
What advice would you give to a homeowner considering trying the RYM strategy?
Get a good understanding of what a HELOC is and how it really works.
