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

Our primary home was five years into a 15 year fixed 2.875% mortgage, and we had just purchased an investment home on a 30-year 4.25% mortgage.

Our combined debt was $650,000, with monthly payments of $3,400 and $2,500, respectively.

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

After 9 months as part of RYM, we were able to close on a first-position HELOC on our primary home, to unlock an additional $400,000 in liquidity to purchase an additional investment property.

What was your biggest concern when deciding to join RYM?

I thought for years that there must be a way to unlock the potential equity in our home but never pursued it.

After learning about the strategy, I asked an Australian Air Force pilot friend if he had used the offset mortgage program Down Under (in Australia).

He described it just like Michael Lush does and even added that it is not for everyone. He described what happened to his sister, who failed to maintain the discipline required to make the strategy work.

How has using the RYM strategy changed your life?

The RYM strategy has given me a fresh way at looking at financing and real estate investing. Rather that just locking money up in investments, RYM gives you the ability to replenish the war chest so that wealth can be created instead of squandered.

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

I advise my friends to think carefully about their long-term objectives and to identify the specific challenges that they face in meeting those goals.

Once they realize that housing expenses are roughly 30% of their income, showing them how to minimize that expense is an easy conversation.