What was your mortgage situation prior to starting with Replace Your Mortgage?

We had a 30-year mortgage with a starting balance of $278,000.

When we joined RYM, we had $248,000 in remaining principal balance after paying our monthly payment for 6 years.

What is the current status of your HELOC and how many months did it take you to achieve it?

Our initial HELOC was 80% of $310,000 ($278,000). We owed $247,000 at first.

We also added our vehicle ($16,000) onto the HELOC at signing. Total, we owed $263,000.

After 7 months, we have reduced our principal balance to $250,000.

What was your biggest concern when deciding to join RYM?

I wasn’t concerned after doing the research and watching the videos.

My initial concern about RYM was the upfront cost (for the training), but we have made that up and then some in savings by switching from a mortgage to a HELOC.

How has using the RYM strategy changed your life?

It has saved our family a lot of money in wasted interest paid to the bank.

It has also given us financial flexibility to be able to move money in and out of the HELOC when needed to fund other money-making projects.

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

Start at your own pace. No need to apply the basic and advanced techniques all at once... baby steps.

You are saving on day one after switching to the HELOC. Then implement step two.

Get a good handle on that and then on to step three. Pretty soon, you’ll have mastered the whole strategy from basic to advanced.