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

We had a 30-year mortgage with a starting principal balance of $175,000.

When I joined RYM, my balance was $169,000. I had to bring it down to $149,000 in order to qualify for the HELOC.

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

I owe $131,000 currently (in October 2018), but that is because I have taken out over $80,000 to buy two other properties.

One of them I paid in cash because it’s a condo at a ski resort, and that’s a little tricky to get financing for, and the other I had to put $33,000 down to get the best interest rate.

What was your biggest concern when deciding to join RYM?

My biggest concern was that RYM wasn’t a good idea because I had never heard of it before. Also, I was concerned that it may be a scam.

After digging deep, I decided that it was a good idea. I read the reviews, and they were good, so I wasn’t worried about it being a scam anymore.

How has using the RYM strategy changed your life?

I love the flexibility I have with RYM.

I got my mortgage balance down to under $100,000 2 times before I bought other properties, and that was a great for my family, but I felt like investing was more important than reducing my mortgage balance. Although, once again, I am working on paying it down.

I feel that I will be a lot better off financially in the future because of RYM.

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

This is a great strategy for someone who is disciplined, has good cash flow and is able to put money away.
If that is you, then you will truly benefit immensely from the program.