What was your mortgage situation prior to starting with Replace Your Mortgage?
We were paying on a 25-year mortgage starting at $185,000.
After paying into it almost 4 years, our remaining principal balance was $173,000.
What is the current status of your HELOC and how many months did it take you to achieve it?
In month #1, we reduced our principal balance from $173,000 to $129,100. In two more months, our principal will be at $119,000.
What was your biggest concern when deciding to join RYM?
Our biggest concern was getting out of our thought pattern (mortgages) and learning a different strategy.
After joining RYM, we were equipped with the knowledge and support team we needed to make the financial change.
How has using the RYM strategy changed your life?
We feel much more aware of how money works, and how to make it work for us, by not paying hundreds of thousands of dollars in interest.
What advice would you give to a homeowner considering trying the RYM strategy?
Do it. Once you apply the RYM strategy, a mortgage will almost seem like a slap in the face.
What was your mortgage situation prior to starting with Replace Your Mortgage?
We started with a 25-year mortgage with $150,000 and about $150,000 in other debt.
What is the current status of your HELOC and how many months did it take you to achieve it?
Our HELOC balance has barely gone down over this year (we've only lowered the balance by $2,000), BUT we've used the strategy to pay off most of our debt. Once we get this other debt paid off, we'll start driving down the HELOC balance.
We've also increased our cash flow over this year from $500 per month to $2,600 per month.
We started with very little equity.
What was your biggest concern when deciding to join RYM?
We were nervous about spending on advice when we could spend that money to pay off debt.
How has using the RYM strategy changed your life?
RYM had really opened my eyes to how banking and personal finance ACTUALLY works. These concepts are vitally important to financial health, and nobody ever taught me this before.
It helped secure my family’s future, not just now but for my son as he grows up.
What advice would you give to a homeowner considering trying the RYM strategy?
The longer you delay, the more it costs you. Do the math. Numbers don't lie.
