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

We had a 30-year mortgage with a starting balance of $225,000.

When we joined RYM, we had $175,000 in principal remaining after two refinances and 13 years of payments.

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

After 13 months, we have reduced our principal balance to $133,000.

(I have paid off as much in the last year as I did in the last 13 years with a mortgage.)

What was your biggest concern when deciding to join RYM?

Honestly, I had no fears. Thanks to you guys, I understood my situation and could see no negatives to eliminating my mortgage this way.

How has using the RYM strategy changed your life?

We have been wanting to put an addition on the house for 10 years but were never able to build up the equity needed to do that.

Now I have over $80,000 available in my HELOC, and I am interviewing builders.

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

Do it! 🙂