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

We had a 30-year mortgage with a starting balance of $270,000.

When we joined RYM, we had only paid on it for about a year.

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

We got a 90% loan-to-value HELOC and paid off a hefty car payment and some credit card debt, which brought our balance up to $324,000.

In just over a year, we have paid it down by $15,000 and also paid our daughter's tuition for the year.

What was your biggest concern when deciding to join RYM?

Our biggest fear was having a variable interest rate.

But, after plugging in many different rates into the RYM calculator, and still seeing how the balance declined, it was apparent that the rate wasn't what made the strategy work.

It was the suppression of the daily balance.

How has using the RYM strategy changed your life?

RYM has given us newfound hope that we can actually pay off a mortgage now. We won't have that debt hanging over our heads for the rest of our lives.

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

Stay away from using your equity you build while using the RYM strategy.