How Esteban in California Paid Off $56,000 in Principal in 17 Months

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

I had a 30-year mortgage through FHA. My original balance was $250,000 in 2011, with a balance of approximately $220,000 as of May 2017.

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

My original starting amount on my HELOC was $235,000. When I took out my HELOC, I paid out some bills.

After 17 months, my principal is $179,000.

What was your biggest concern when deciding to join RYM?

I was worried about the unknown with RYM. Not many people knew about it, so talking to someone with experience in my everyday life was difficult.

How has using the RYM strategy changed your life?

I feel like I have more freedom with my finances. I’m still paying down my mortgage, but I don’t feel as restricted or like I’m living paycheck to paycheck anymore.

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

RYM is definitely worth it, but you do need to stay disciplined.

I’ve learned a lot about how to use the strategy, but I’m sure there are more ways to take advantage of it.