How Jessica in Florida Paid Down $30,000 in Principal in 2 Years

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

We had a 30-year mortgage with a starting balance of $255,000.

We had about $240,000 remaining when we started RYM, after about 2 years of mortgage payments.

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

After about 2 years, our HELOC is around $210,000.

What was your biggest concern when deciding to join RYM?

No major concerns. It seemed to make sense to us.

How has using the RYM strategy changed your life?

We’re reducing our principal much faster, and it feels like we’ll be able to make much more progress over time.

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

Make sure you have positive income and definitely do it.

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.