How David and Winnie in Florida Paid Down $64,000 in Principal in 12 Months

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

We had a 20-year mortgage with a starting balance of $360,900.

When we joined RYM, we had a $345,000 remaining principal balance after paying our monthly payment and a little extra money each month for almost 2 years.

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

After 12 months we have reduced our principal by $64,000.

What was your biggest concern when deciding to join RYM?

We were worried about how the adjustable-interest rate in a HELOC compares to the fixed interest rate in our mortgage.

But after speaking to David Bruce, we felt that we can make big progress on our HELOC despite the higher interest rate. We then decided to move forward with the process.

How has using the RYM strategy changed your life?

The RYM strategy increases our financial flexibility, cutting down the time to reach our financial goals.

It’s like having our own bank, allowing access to funds when opportunities arise.

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

This method works, but you have to be focused and disciplined through the process.