What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year fixed-rate mortgage for $385,000.
We started RYM in 2016 with 17 years and $320,000 principal remaining.
What is the current status of your HELOC and how many months did it take you to achieve it?
We got a $660,000 HELOC.
We cash-parked all gross income per RYM instructions. The $350,000 owed is zero as of September 2018.
What was your biggest concern when deciding to join RYM?
Cash parking is (was) the hardest concept to explain to my spouse.
Once the math was apparent to my spouse, she thence allowed me to pull the trigger.
How has using the RYM strategy changed your life?
Fixed-amortization (with my mortgage), $350,000 interest was scheduled to go to someone else over time.
RYM reduced that value to $71,000, which means RYM saved us $280,000 without ANY lifestyle or budget changes whatsoever.
What advice would you give to a homeowner considering trying the RYM strategy?
It's MATH, not MAGIC.
Focus on cash parking as an equally liquid practice, NO DIFFERENT than any bank account. There is NO difference in lifestyle or budget.