Michael Lush

How John in California Paid Off $40,000 of Principal in 12 Months

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

We had a 30-year mortgage at 3.875% with a starting balance of $560,000.

We were 4 years into the loan and had hardly made a dent in the principal.

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

We are approaching the one-year mark since we established the HELOC. We have reduced our principal balance by approximately 40,000.

What was your biggest concern when deciding to join RYM?

The idea of a variable interest rate had us uncomfortable and was probably our biggest concern. In the past, we avoided variable rates like the plague.

The strategy does prove, when executed properly, the interest rate is not as big of a concern as we thought (even in our current climate of raising interest rates).

How has using the RYM strategy changed your life?

The strategy has given us peace of mind. We know we are on a much faster track to achieving our financial goals. The future is bright.

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

The strategy takes discipline first and foremost. But, if you follow the strategy as taught, you will see results much faster than you thought possible.

In the long run, you will be able to build wealth and have financial freedom much faster and to a greater degree.

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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