Posts Tagged ‘30-year mortgage’
How Jon in New Hampshire Paid off $42,000 of Principal in 1 Year
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $225,000. When we joined RYM, we had $175,000 in principal remaining after two refinances and 13 years of payments. What is the current status of your HELOC and how many months did it…
Read MoreHow Esteban in California Paid Off $56,000 in Principal in 17 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year mortgage through FHA. My original balance was $250,000 in 2011, with a balance of approximately $220,000 as of May 2017. What is the current status of your HELOC and how many months did it take you to achieve it?…
Read MoreHow Trenton in Tennessee Paid Off $13,000 of Principal in 16 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We bought our home for $146,000 on a 30-year mortgage. We paid for 3 years and had just refinanced with 19-year mortgage before RYM. We paid on that for 4 months, with only $350 / month going towards principal. What is the current…
Read MoreHow Matt in Florida Paid Off $35,000 of Principal in 6 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $285,000. After paying for 9 years, the remaining principal balance was $261,000. What is the current status of your HELOC and how many months did it take you to achieve it? We started…
Read MoreHow John in California Paid Off $40,000 of Principal in 12 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage at 3.875% with a starting balance of $560,000. We were 4 years into the loan and had hardly made a dent in the principal. What is the current status of your HELOC and how many months did it…
Read MoreHow Kathryn in Arizona Paid Off $74,500 of Principal in 2 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year mortgage with a starting balance of $148,000, and a $147,000 principal balance after paying the monthly mortgage payment for 5 months. What is the current status of your HELOC and how many months did it take you to achieve…
Read MoreHow Adam in Virginia Paid Off $52,000 of Principal in 9 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a starting balance of $152,000 and got it down to $132,000 after 7 years or so. It was a 30-year mortgage. What is the current status of your HELOC and how many months did it take you to achieve it? After…
Read MoreHow Isaac in Ohio Paid Off $41,000 in Principal
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with starting balance of $247,969. When we joined RYM, we had $242,000 in remaining principal balance after paying our monthly payment for 1 year. What is the current status of your HELOC and how many months did it…
Read MoreHow Candice in Tennessee Paid off $86,000 of Principal in 3 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $245,000. When we joined RYM, we had $236,000 left in remaining principal after paying our monthly payment for 2 years. What is the current status of your HELOC and how many months did…
Read MoreHow Bryan in Maryland Paid Off $13,000 of Principal in 7 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $278,000. When we joined RYM, we had $248,000 in remaining principal balance after paying our monthly payment for 6 years. What is the current status of your HELOC and how many months did…
Read MoreHow Lucy in California Paid Off $25,000 of Principal in 12 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $165,000. When we joined RYM, we had $160,000 in remaining principal balance after paying our monthly payment for 4 years. What is the current status of your HELOC and how many months did…
Read MoreHow Carlton in Maryland Paid Off $19,000 of Principal in 6 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-yr mortgage with a balance of $466,000. When we joined RYM in the first quarter of 2018, we had a $347,000 principal balance. What is the current status of your HELOC and how many months did it take you to…
Read MoreHow Karl in New York Paid Off $239,100 of Principal in 13 Months (And Will be Debt-Free in 2 Years)
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $388,000. When we joined RYM, we had a $339,000 remaining balance after 7-plus years of making monthly payments. What is the current status of your HELOC and how many months did it take…
Read MoreHow Kyle in Tennessee Paid Down $26,000 in 12 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $115,000. When we joined RYM, we had a remaining principal balance of $103,000 after paying monthly payments for seven years. What is the current status of your HELOC and how many months did…
Read MoreHow Derrick in Colorado Paid Off $27,000 of Principal in 4 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I was just under 2 years into a 30-year mortgage that started at $425,000. I was at about $400,000 when I joined RYM and replaced my mortgage with a HELOC. What is the current status of your HELOC and how many months did…
Read MoreHow Melissa in Iowa Paid Off $14,000 in 5 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $284,000. We had a balance of $274,000 in remaining principal after paying our monthly payment for 1.5 years. What is the current status of your HELOC and how many months did it take…
Read MoreHow Hennie in Pennsylvania Paid Off $65,000 in Principal in 12 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $328,800. When we joined joined RYM, we had $323,266 in remaining principal balance after paying our monthly payment for 12 months. What is the current status of your HELOC and how many months…
Read MoreHow Brian in Wisconsin Paid Off $30,000 in Principal — Even After a $25,000 Remodel
What was your mortgage situation prior to starting with Replace Your Mortgage? When I joined RYM, I had 30-year mortgage with a $100,000 balance. What is the current status of your HELOC and how many months did it take you to achieve it? I currently owe $70,000 and paid for a $25,000 top-to-bottom remodel. What…
Read MoreHow Jessica in Florida Paid Down $30,000 in Principal in 2 Years
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $255,000. We had about $240,000 remaining when we started RYM, after about 2 years of mortgage payments. What is the current status of your HELOC and how many months did it take you…
Read MoreHow Roger in Georgia Paid Off $18,000 in Principal in 9 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $261,000. We joined RYM with a mortgage balance of $259,000 after making monthly payments for 2 years. What is the current status of your HELOC and how many months did it take you…
Read MoreHow Sebastian in New York Paid Off $57,000 in Principal in 23 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $257,000. When we joined RYM, we had $249,000 in remaining principal balance after paying our monthly payment for ~2 years. What is the current status of your HELOC and how many months did…
Read MoreHow Floyd in California Paid Off $37,000 of Principal in 4 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage of around $265,000. When we joined RYM, we had a remaining balance of around $245,000 after paying our monthly payments for 5 years. What is the current status of your HELOC and how many months did it take…
Read MoreHow Travis in Montana Paid Off $82,136 in Principal in 14 Months — And Is Now Buying Rental Properties
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $112,000. When we joined RYM, we had $111,000 in remaining principal balance after paying our monthly payment for 2 years. What is the current status of your HELOC and how many months did…
Read MoreHow David in Florida Bought Two Rental Properties for $1,950 / Month in Cash Flow
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $290,000. When we started with RYM, we had been paying on the loan for 2.5 years and had a balance of $250,000. What is the current status of your HELOC and how many…
Read MoreHow Michael in Tennessee Paid Down $8,000 in Principal in 1 Month
What was your mortgage situation prior to starting with Replace Your Mortgage? We were 2 years into a 30-year mortgage through Quicken Loans. Our interest rate was 3.9% and we owed $375,000, with about $47,000 in credit card and automobile debts. Our home value was $495,000 What is the current status of your HELOC and…
Read MoreHow Jetro in Florida Reduced His Principal Balance by $13,600
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a $187,000 balance and a second HELOC with a balance of $89,000. We joined RYM with a total balance of $276,000. What is the current status of your HELOC and how many months did it take you…
Read MoreHow Mark in Michigan Used The Replace Your Mortgage Strategy to Pay Off His Student Loan
What was your mortgage situation prior to starting with Replace Your Mortgage? I had just closed on my first home using a conventional 30-year mortgage at a fixed interest rate of 4.50% in February 2018. After putting 10% down on a $160,000 purchase, I had financed $144,000. What is the current status of your HELOC…
Read MoreHow Brian in California Paid Off $192,000 in 8 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had 28.5 years left on my traditional mortgage and a balance of $272,000 when I started in November of 2017. What is the current status of your HELOC and how many months did it take you to achieve it? By July of…
Read MoreHow Sean in Illinois Paid Off $96,000 in 8 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $298,000. When we joined RYM, we had $258,000 in remaining principal balance after paying our monthly payment for 4 years. What is the current status of your HELOC and how many months did…
Read MoreHow Danielle in New Mexico Paid Off $129,500 in Principal in 13 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage on a one-room urban loft that we purchased in 2007 (right before economic crash) for $265,000. When we joined RYM in 2017, our loft was worth $219,000, and we still owed $200,000. We had just had a baby,…
Read MoreHow Lydia in Florida Paid Down $19,000 in Principal in 8 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year mortgage with a starting balance of $135,000. When I joined RYM, I had $132,000 remaining balance after making regular payments and additional principal payments every month for 2 years. What is the current status of your HELOC and how…
Read MoreHow Charles in Washington Just Started Making Payments and Already Paid Down $4,000 of Principal
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year fixed mortgage that I was 10 years into, and the principal amount had barely dropped after years of making $1,300+ payments. What is the current status of your HELOC and how many months did it take you to achieve…
Read MoreHow Andy in Utah Used The Replace Your Mortgage Strategy – And This Is What Happened…
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $355,000. After 5 years, it was virtually the same. I was fed up with the conventional mortgage model and went searching for something else and found RYM. What is the current status of…
Read MoreHow Mika in Washington Paid Down $37,000 of Principal in 4 Months
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.…
Read MoreHow Greg in Louisiana Paid Down $34,000 in Principal in 12 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30 year mortgage on our home with a balance of $180,000, plus we purchased additional family land of $23,000. So the principal balance going in was around $201,000 with over 25 years left. What is the current status of your…
Read MoreHow Chris in Idaho Paid Off His Home the First Month (Really)…
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30 year mortgage with 29 years left on it. We owed $265,000, but had $260,000 cash. What is the current status of your HELOC and how many months did it take you to achieve it? We refinanced to a HELOC,…
Read MoreHow Marty in New York Paid Down $65,000 in Principal in 2 Years
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $289,000. We had been paying $200 / month of mortgage insurance for 2 years and wanted a faster way to pay off our house without losing access to our money. What is the…
Read MoreHow Greg in Tennessee Paid Down $65,000 in Principal in 2 Years
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of approximately $350,000. When we joined RYM, we had approximately $325,000 in remaining principal balance after paying our monthly payment for 10 years. What is the current status of your HELOC and how many…
Read MoreHow Paul in Michigan Paid Down More than $30,000 of Principal in 6 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year conventional $391,000 original balance. I was down to $330,000 and managed to appraise for $415,000. What is the current status of your HELOC and how many months did it take you to achieve it? After 6 months, we are…
Read MoreHow Treva in Georgia Paid Down $56,000 in Principal in 12 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had just refinanced after years of being under water with a 30-year mortgage. We had a first mortgage paying interest only and a second mortgage with an interest rate of 10.275% Our principal balance was $217,000 after paying our monthly payment for…
Read MoreHow Tannon in Utah Paid Down $49,000 in Principal in 9 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30 year death pledge (also known as a mortgage) of around $220,000 with a 4.75% interest rate. After 4 years of making the normal monthly payments, plus a few extra payments from tax returns, we were at a balance of…
Read MoreHow Patrick and Dawn in North Carolina Paid Down $54,000 in Principal in 3 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $200,000. When we joined RYM, we had $165,000 in remaining monthly payments for another 21 years. What is the current status of your HELOC and how many months did it take you to…
Read MoreHow Corey in Washington Paid Down $24,000 in Principal in 5 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage and other debt. We combined our debt and the mortgage into a HELOC. What is the current status of your HELOC and how many months did it take you to achieve it? After 5 months, our HELOC balance…
Read MoreHow Robert in New York Paid Down $100,000 of Principal in 7 Months — and Then Became a Lender from His HELOC
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a traditional 30-year mortgage with balance of $390,000. I joined RYM in March 2018. What is the current status of your HELOC and how many months did it take you to achieve it? I received a HELOC loan for $420,000. replaced…
Read MoreHow Jesse in California Paid Off $36,000 of Principal in 12 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had just purchased a country home in California. The cost was $450,000. We are blessed to know that we will pay that off in 11-12 years vs the 30-year mortgage we had. What is the current status of your HELOC and how…
Read MoreHow Robert and Sandy in Minnesota Paid Down $15,352 in Principal Their First Month
What was your mortgage situation prior to starting with Replace Your Mortgage? Sandy and I had a 30-year mortgage with a starting balance of $51,000. We had been making payments for 7 years and 2 months, which included double payments for 6 months. Our remaining balance was $41,700, with annual interest of around $2,183, when…
Read MoreHow Ishmail in Georgia Paid Down $10,000 in Principal in 2 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a VA 30-year fixed mortgage. The original principal was $150,400, and I had a $146,200 remaining principal balance after living there for just over a year. What is the current status of your HELOC and how many months did it take…
Read MoreHow Amy in Georgia Says, “We Are on Schedule to Paying Off Our Whole House in Under 8 Years without Changing our Lifestyle a Bit”
moWhat was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $169,000. We had lived in the house for 5 years and had paid off only around $10,000. What is the current status of your HELOC and how many months did it take you…
Read MoreHow Lance in Colorado Paid Down $82,000 in Principal in 8.5 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year traditional mortgage with a balance of $365,000 and a second-position HELOC with a balance of $61,000. What is the current status of your HELOC and how many months did it take you to achieve it? We got our first-position…
Read MoreHow Jimmy in Ohio Paid Off $32,000 in Only One Year
What was your mortgage situation prior to starting with Replace Your Mortgage? Initially, we had a 30 year fixed mortgage starting with a balance of $360,000 in California. After only two years, I received and accepted a job offer in Ohio and decided to join RYM before purchasing my next home. We bought the home…
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