How Vincent in New York Paid Off $25,000 of Principal in 7 Months

replace your mortgage reviews

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

We had a 30-year mortgage for $421,000 when we joined RYM. We were down to $415,000 balance after 1 yearm when we refinanced to a HELOC.

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

After 7 months with a HELOC, our principal balance is $390,000.

What was your biggest concern when deciding to join RYM?

At first, we just wanted to make sure the program wasn’t a scam. After several calls, we realized it was math.

How has using the RYM strategy changed your life?

It was a little hard to get used to not having a physical savings account, but that taught us to budget better.

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

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.