How Louis in California Moved His Debt-Free Date Up From 10 Years to 4 Years (or less)

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

I had a 15-year mortgage at 3.25% for about $295,000. I have paid it down to about $250,000 in 4 to 5 years. I’m 53 years old and want a home with no payments.

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

I joined RYM in November 2017 and am paying my home down well using the strategies suggested. I am down to $233,000 and should be done in 4 years or less. I have no other debt.

What was your biggest concern when deciding to join RYM?

Joining was easy. I hated the idea of paying so much interest over the course of the loan. I went with a 15-year loan to avoid more interest. This was the strategy I was looking for.

How has using the RYM strategy changed your life?

I see the light at the end of the tunnel now.

I am using the credit card strategy and using the points to travel instead of paying cash.

I’m also combining my income and other savings that were spread out in many places to pay down my mortgage faster than I could imagine.

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

Do the math. Don’t follow the masses and look out for your own finances. If you don’t, nobody will.