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

We had a 30-year mortgage on a one-room urban loft that we purchased in 2007 (right before economic crash) for $265,000.

When we joined RYM in 2017, our loft was worth $219,000, and we still owed $200,000. We had just had a baby, making the space almost impossible to live in.

Sales of similar lofts were painfully slow, and renting would lose us money. We desperately needed to get out and somehow buy a real house.

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

We purchased a home in September 2017 for $323,500 with a LIBOR HELOC.

After 13 months, we have reduced our principal balance to $194,000. (We were able to recast our loan on the loft, and rent it for a loss of $200 per month).

What was your biggest concern when deciding to join RYM?

We thought, “Is this for real??”

We joined because a co-worker / friend told us his first-hand experience using RYM and the difference it made. We believed him and made the plunge.

Best decision EVER.

How has using the RYM strategy changed your life?

Best financial gift and decision ever. RYM made it so we could afford a new home, all while keeping our old home, and still pay off the new one in 10 years or less. It was a life-changer for us, especially with a new baby.

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

This works miracles if you are willing to trust in and completely follow the RYM strategy. Remember, with a traditional mortgage, you are paying for your home twice. With RYM, you are only paying for your home, plus a small workshop.