Michael Lush

How James in New Jersey Paid Off $10,000 of Principal (and 2 Car Loans, Student Loans and Credit Cards) in 3 Months

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

We had a 30-year mortgage with a $370,000 balance after paying our monthly payment for 2 years.

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

We got our HELOC 3 months ago. It only took 3 weeks from beginning to end to get after using the RYM methodology.

We were able to get a HELOC for $475,000, pay off our mortgage, our 2 car loans, our student loans and our outstanding credit card debt.

We now have a substantial positive net cash flow monthly, and we can, for the first time ever, fully utilize our total income to pay down debt. We paid down $10,000 net positive in the last 3 months, while saving hundreds of dollars in interest.

What was your biggest concern when deciding to join RYM?

RYM sounded too good to be true, but I knew others that had done it, and the system is "paint by numbers" so I felt very confident in being able to execute the strategy.

How has using the RYM strategy changed your life?

I have no more stress of paying our huge mortgage payment and all other debt. The stress reduction and knowing we have a strategy to pay off our home in 4-5 years with opportunity to invest is huge.

It would not have been possible doing it the "old way."

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

Listen to the podcasts, do a free consultation and do the math for your own financial situation.

If you meet the minimum criteria, this is a no-brainer plan.

Michael Lush

Disclaimer: Replace Your Mortgage does not offer mortgages, Helocs, or loans of any kind. Replace Your Mortgage is not a bank, and does not provide credit offers. Replace Your Mortgage is strictly for educational and informational purposes only.
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