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

I had a 30-year traditional mortgage with a balance of $365,000 and a second-position HELOC with a balance of $61,000.

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

We got our first-position HELOC in February of 2018.

We started at $426,000 and, after 8.5 months, we’re at $344,000. We reduced $82,000 in principal.

What was your biggest concern when deciding to join RYM?

My biggest concern was how to convince my spouse this was the right thing to do. After talking to our personal banker, he convinced her that, if we’re disciplined, the strategy will work.

How has using the RYM strategy changed your life?

Knowing that we will be able to pay off our home long before our retirement age, which will give us more time to keep saving for our retirement. We wish we would have done this years ago.

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

Make sure you make more than you spend, and stay the course.