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

I had 28.5 years left on a 30-year mortgage. My balance was about $278,000.

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

It took about 5 months after joining RYM to close on the HELOC.

After about 12 months, the balance has gone from $278,000 to $218,000. I made some large deposits from other accounts to help drive down the principal.

What was your biggest concern when deciding to join RYM?

I initially had the “too good to be true” concern but had a coworker who verified that the program works.

It was a relatively large amount to pay for the education but, after thinking about it for a few months, I decided to go for it.
Without risk, there is often little reward. It also helps knowing that you are still dealing with real banks and RYM never touches your home financing (not that it would be a problem).

How has using the RYM strategy changed your life?

I enjoy the idea of financial freedom, and this is one big step to owning my home free and clear.

Having the large mortgage always seemed to be a burden to freedom, even though I was making extra payments.

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

The RYM strategy does work. You are paying RYM for an education on how to break away from the conventional mortgage norm.

Once you see how the strategy works, you want to put more money in the HELOC for a quicker payoff.