How Brady in Florida Paid Off $106,000 in Principal in One Year

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.