Posts Tagged ‘30-year mortgage’

What was your mortgage situation prior to starting with Replace Your Mortgage? I bought a home in 2008 for $475,000, with primary (80%) and secondary (15%) mortgages. I re-financed the primary twice, ending up with a 15-year note. We moved in the beginning of 2016, but kept the original property as a rental. As of…

What was your mortgage situation prior to starting with Replace Your Mortgage? I had a 30-year mortgage on a house that I originally purchased for $372,000. Due to a couple of refinances (chasing interest rates), after three years of making payments, I actually owed $377,000 on the house when I began the RYM program. What…

What was your mortgage situation prior to starting with Replace Your Mortgage? We were first-time home owners who got into a 30-year mortgage with a starting balance of $400,900, paying Private Mortgage Insurance. When we joined RYM, we had $398,000 in remaining principal balance after paying our monthly payment for a year. What is the…

What was your mortgage situation prior to starting with Replace Your Mortgage? Prior to starting with Replace Your Mortgage (RYM) in November of 2017, my wife and I had just closed on a brand new home with a 30-year conventional mortgage at a 3.875% interest rate. We put 5% down at closing and had a…

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $185,000. We also had a 30-year mortgage on an investment property with a starting balance of $100,000 balance. When we joined RYM, we owed $180,000 on our primary residence and $80,000 on our…

What was your mortgage situation prior to starting with Replace Your Mortgage? My wife and I had a 30-year mortgage. We were about 2 years into a refi with Amerihome. We had $482,000 in debt at 3.8%. Our house was increasing in value, yet it looked impossible to get at its value and do something…

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a balance of $158,000. When we joined RYM, I refinanced the mortgage into a HELOC for $202,000, and we almost maxed out the HELOC.(bumping up the balance to $200,000). What is the current status of your HELOC…

What was your mortgage situation prior to starting with Replace Your Mortgage? At age 57, we had our original 30-year mortgage, which started with $465,000 (May 2016). We had 28 years remaining at $461,000 when I took the deep dive into RYM. I found RYM in October 2017 and finally signed up in December of…

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a starting balance of $343,000. When we started talking with RYM, we had $342,000 in the remaining principal balance after paying our monthly payment for four or five months. Unfortunately, six months before starting with RYM, our…

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a conventional 30-year mortgage with a starting balance of $525,000. We really only had that for about 8 months before I saw RYM come across the weather channel app. That’s when I dove in and read everything and couldn’t quit reading…

What was your mortgage situation prior to starting with Replace Your Mortgage? We were midway through a Lease with Option to Purchase. I was able to buy the townhome for $195,000, BUT the appraisal came in at over $280,000… with an immediate $95,000 increase in our equity. What is the current status of your HELOC…

What was your mortgage situation prior to starting with Replace Your Mortgage? We had a 30-year mortgage with a balance of $375,600 for our home that is appraised at $480,000. We bought our current home in May 2016 so we were less than 2 years into the mortgage. What is the current status of your…