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

I had a 30-year mortgage with starting balance of $580,000 (with about $550,000 remaining) and second-lien HELOC of $75,000.

I sold this house in May 2018 and paid off the mortgages. I then purchased a new house with a HELOC in May 2018.

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

The new house’s HELOC was 70% loan-to-value, with a starting balance of $577,000.

I reduced my balance by $37,000 in 4 months.

What was your biggest concern when deciding to join RYM?

My biggest challenge was focusing more on tracking spending vs. just looking at the checking account balance / activity.

And understanding that the math with the HELOC strategy really works.

How has using the RYM strategy changed your life?

It is giving me a better possibility to leverage home equity to do investments (real estate) going forward.

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

Don't confuse this with a second-lien HELOC.

This works if you have positive cash flow. Get familiar with the math and process.

Then, just follow the instructions, ask questions, contact banks and get your HELOC going.