Michael Lush

How James in South Dakota Paid Off $13,850 of Principal in 9 Months

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

We had a 30-year mortgage for $180,000.

We paid on it for 9 months before joining RYM.

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

We closed on our $185,000 HELOC on December 29, 2017, which got us out of debt except for a car lease and a camper payment.

As of October 8, 2018, we owe $171,150 on our HELOC.

That is with not changing anything about how we live, paying bills, upgrading our lease to owning this car (with the same payment) and many camping vacations we traveled over 3000 miles for this summer.

What was your biggest concern when deciding to join RYM?

It was not believable...

I remember, I asked my friend in Australia if they actually bank the way it was stated in commercials on YouTube. He said yes, that he is in his second home and will have it paid off in 2022.

How has using the RYM strategy changed your life?

RYM makes me want to invest in local rental properties when we get a enough equity.

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

What are you waiting for?

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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