How Chris in Idaho Paid Off His Home the First Month (Really)…

replace your mortgage reviews

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

We had a 30 year mortgage with 29 years left on it. We owed $265,000, but had $260,000 cash.

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

We refinanced to a HELOC, so we could get rid of mortgage interest but still have access to our money when we needed it.

We paid off our home the first month.

What was your biggest concern when deciding to join RYM?

My biggest fear was that the cost of membership would add little or no value to the information already offered freely online.

Ultimately, I realized that doing nothing would ultimately cost more in interest payments than the membership would cost.

The assurance of not getting the wrong HELOC helped give me the confidence to move forward.

How has using the RYM strategy changed your life?

It has saved us $750 / month for over a year now. It has made me change how I think about purchasing rental properties.

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

The system is sound, but you have to be budget-aware and know what you are spending.

About The Author

Michael Lush

Michael Lush is a mortgage industry expert, having spent fourteen years as a mortgage banker helping thousands of families with their mortgage needs. He is also a father and husband. Michael is co-author of the book Replace Your Mortgage: How To Pay Off Your Home In 5-7 Years On Just Your Current Income. Besides this blog, you can find him on Youtube where he shares more information about HELOC's.