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Nov
27
2018
by
Michael Lush
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0
Comments

How Ruben in Colorado Paid Off $17,000 of Principal in 11 Months

What was your mortgage situation prior to starting with Replace Your Mortgage?

We had a 30-year mortgage starting at $130,000.

When we joined RYM, we had a $115,000 remaining principal balance after paying our monthly payment for 10 years.

What is the current status of your HELOC and how many months did it take you to achieve it?

After 11 months, we have reduced our principal balance to $98,000.

What was your biggest concern when deciding to join RYM?

Our biggest concern is the variable rate.

How has using the RYM strategy changed your life?

Using the RYM strategy has help me acquire more investment properties. Bringing in an extra $2,000 a month.

What advice would you give to a homeowner considering trying the RYM strategy?

Try it for a year, as long as your disciplined. If you don't like the numbers, go refinance back to a 30-year mortgage.

Michael Lush

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Disclaimer: Replace Your Mortgage does not offer mortgages, Helocs, or loans of any kind. Replace Your Mortgage is not a bank, and does not provide credit offers. Replace Your Mortgage is strictly for educational and informational purposes only.
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