Posts Tagged ‘15 year mortgage’
How Michael in South Carolina Paid off $9,000 of Principal in 90 Days
What was your mortgage situation prior to starting with Replace Your Mortgage? I had actually just refinanced from a 30-year mortgage to a 15-year mortgage about 6 months before moving into a HELOC. (I had 14 years and 6 months left on my mortgage.) What is the current status of your HELOC and how many…
Read MoreHow Kate in California Paid Down $91,000 in 9.5 Months (Even When Her Husband Passed Away)
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 15-year mortgage of $220,000. We had $207,918.29 remaining after paying monthly payments for about 1 year. What is the current status of your HELOC and how many months did it take you to achieve it? We included $72,000 for a…
Read MoreHow Tommy in South Carolina Paid Down $10,000 in Principal in 2 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 15-year mortgage with a principal balance of $145,000. When we joined RYM, we had $100,000 in remaining principal balance after paying our monthly payment for four and a half years. What is the current status of your HELOC and how…
Read MoreHow 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…
Read MoreHow Kerry in Tennessee Paid Down $55,000 in Principal in 2.5 Years
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 15-year mortgage with a starting balance of $220,000 with an approximate $180,000 balance with 10 years remaining. We added our car payment and additional land loan into our HELOC, which brought our HELOC loan to about $220,000. What is the…
Read MoreHow Steven in Delaware Paid Down $63,000 in Only 9 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We refinanced our home in 2014 to a 15-year mortgage with a starting balance of $353,554. When we joined RYM, we had a remaining balance of $276,000, but we were making double payments and, because of that, we developed a large amount of…
Read MoreHow David in Virginia Unlocked $400,000 in Equity to Buy a Second Income Property
What was your mortgage situation prior to starting with Replace Your Mortgage? Our primary home was five years into a 15 year fixed 2.875% mortgage, and we had just purchased an investment home on a 30-year 4.25% mortgage. Our combined debt was $650,000, with monthly payments of $3,400 and $2,500, respectively. What is the current…
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