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 was your biggest concern when deciding to join RYM?
My journey started with me calling banks myself asking about the very thing Michael and David were advertising.
After finding the YouTube channel, I felt that it was worth a conversation. And because there were no products required, no subscriptions etc., along with me seeing the calculator and taking to the very person who was on Youtube (Michael), made me feel their intentions were in the correct place.
Lastly, because payments at the time were via PayPal, I knew that I would either see results or I had nothing to lose.
How has using the RYM strategy changed your life?
RYM is a mindset shift that wasn’t the initial intention.
With going through a tough divorce and, losing my job just prior, I always had an attitude of "I’ll figure it out." But, after this, it was a mindset shift that continues to today.
I have read many books from Nelson Nash (like Becoming Your Own Banker) and others, like The Big Short. Learning about the history of central banking and how money works has literally changed how I’ve approached life daily.
This has allowed me to reach and set new goals. I finished my remodel, paid for it and it's ready for rent. In short, it makes me feel like I’m the only one awake sometimes.
What advice would you give to a homeowner considering trying the RYM strategy?
I have talked to many people about this, and it really bothers me how people are so accepting of the way things are.
So, with that said, I unfortunately only talk about it when people ask, because unless they are open to change, they can’t see the possibilities. (Also, I can’t figure out how people are so irresponsible with money. Very emotional driven decisions.)