What was your mortgage situation prior to starting with Replace Your Mortgage?
We had a 30-year mortgage with a $370,000 balance after paying our monthly payment for 2 years.
What is the current status of your HELOC and how many months did it take you to achieve it?
We got our HELOC 3 months ago. It only took 3 weeks from beginning to end to get after using the RYM methodology.
We were able to get a HELOC for $475,000, pay off our mortgage, our 2 car loans, our student loans and our outstanding credit card debt.
We now have a substantial positive net cash flow monthly, and we can, for the first time ever, fully utilize our total income to pay down debt. We paid down $10,000 net positive in the last 3 months, while saving hundreds of dollars in interest.
What was your biggest concern when deciding to join RYM?
RYM sounded too good to be true, but I knew others that had done it, and the system is "paint by numbers" so I felt very confident in being able to execute the strategy.
How has using the RYM strategy changed your life?
I have no more stress of paying our huge mortgage payment and all other debt. The stress reduction and knowing we have a strategy to pay off our home in 4-5 years with opportunity to invest is huge.
It would not have been possible doing it the "old way."
What advice would you give to a homeowner considering trying the RYM strategy?
Listen to the podcasts, do a free consultation and do the math for your own financial situation.
If you meet the minimum criteria, this is a no-brainer plan.