Posts Tagged ‘first lien heloc’
How Chris in Virginia Bought a New Home and Paid Down $79,500 in Principal in 10 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? I’m in the Air Force and we move around every 3-4 years. We own 2 other rental properties, but we purchased our current home in Virginia with a first-lien HELOC. The purchase price was $729,500 and I brought $75,000 to closing to meet…
Read MoreHow Christopher in Florida Bought an Investment Property with the Equity He Built in 6 Months
What was your mortgage situation prior to starting with Replace Your Mortgage? My family and I had just moved to Florida from Tennessee, where I knew Michael from a previous traditional mortgage transaction. He reached out to me about RYM, and I was all in from the get-go. Before enacting the strategy on my Tennessee…
Read MoreHow Peter in Arizona Refinanced His Rental Properties and Can Now Shop for More
What was your mortgage situation prior to starting with Replace Your Mortgage? Prior to RYM, I had two rental properties, each on 30-year terms at 5.25% with about $42,000 balance on each after 7 years. I used the RYM strategy to refinance both properties into interest-only HELOCs at 5.75%, which unlocked about $35,000 of equity…
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