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 to achieve it?

We just closed on our HELOC after over a year of joining RYM. We had some bad circumstances, though, that played a factor in all of that, including a flood in our house and a death in the family.

The rest of the hold-up was because our bank was very slow throughout the whole process, which in the end worked for us because we dodged a bullet from going with them and are happy with our current bank. As soon as we started the process with them, it took us about a month to close.

We are on schedule to paying off our whole house in under 8 years without changing our lifestyle a bit.

What was your biggest concern when deciding to join RYM?

Our biggest concern was that it was a lot of money for us. Don't get me wrong, we knew it was worth every penny and did not need convincing. But that was the biggest sting into starting the process with RYM. But again, worth every penny.

How has using the RYM strategy changed your life?

I see freedom. RYM created the "Aha" moment of "I can be financially free" in our lives.

It also opened my eyes to so many other things. Since RYM, we have learned about ways to leverage debt, invest, become our own banker and earn passive income.

We will be the first in our family lines to build true wealth. That is exciting for us and those who come after us.

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

Learn all you can about velocity banking and the power of leveraging debt. Why stop at just paying off your mortgage?