Their Story Josh and his wife Lauren were introduced to TruthInEquity.com by their Financial Planner. Both are college educated. No kids. Josh and Lauren had a very manageable mortgage (see At A Glance). What was killing them was student loan debt to the tune of $262,000. Per Josh, interest paid in 2016 on student loan debt…$17,000. Since the monthly student loan payments were based on Lauren’s income, Lauren was earning less than what the industry and her education dictated to ensure the monthly payment fit their budget. This debt was a life  sentence and there was no light at the end of the tunnel when it came to paying it all back.

Needs:

• PAYOFF $262,000 in student loan debt.
• Payoff mortgage debt: $129,000.
• Accelerate retirement goals once mortgage is paid in full.

Truth In Equity facilitated the acquisition of the proper HELOC with one of our recommended lenders. TIE also customized the implementation process to fit Josh and Lauren’s specific budget, circumstance and goals. They will continue to receive guidance and support from Truth In Equity when needed.

TruthInEquity.com CLB® Recommended Program: Professional Blend
After a thorough examination of Josh and Lauren’s budget it was determined they should not replace their conventional 1st mortgage with a 1st lien HELOC, but implement CLB® with $50,000 2nd lien HELOC.

The 2nd lien HELOC would be used to first attack the student loan debt and then utilize the same HELOC to attack the 1st mortgage.

Results since implementation: 11/1/2016

Now 31/32 respectively; Josh and Lauren have paid back a staggering $180,000 of their student loan debt in just three short years. This was accomplished with standard increases in their respective incomes, an increase in revenue from a side-hustle business, $30,000 from a liquidated piece of real estate and the education, guidance and support from TruthInEquity.com.

Per Josh; interest paid on the remaining student loan debt in 2019 = $4,344(YTD). From CLB® inception; that’s a monthly interest savings of $1,055, of which is now and has been aiding the acceleration process. Through payment abatement with their student loan company Josh and Lauren are not expected to make another $792 monthly student loan payment until 11/2025. Josh anticipates the remaining $82,000 in student loan debt will be eliminated no later than 12/2021 so they won’t be required to make another $792 student loan payment before the entire balance is retired.

Josh plans on using CLB® to build their retirement portfolio after paying off their 1st mortgage. Estimated payoff of 1st mortgage: March 2024. They will only be 37 years old and became totally debt free in 6 years and 8 months. They can then spend the next 25-30 years investing for their future

Their Story

Rodlyn was introduced to TruthinEquity.com by his wife Amanda who found a video on youtube while searching for ways to pay off their mortgage early. They were in the process of making improvements to their home, such as a patio , and some landscaping to improve the value of their home. While in the process of trying to build equity in their home in form of home improvements, they came across a youtube video about TruthinEquity and scheduled a meeting to find out more about what process to follow to reach their estimatetd payoff time of 7 years and 5 months.

Needs

• Payoff mortgage debt to eliminate future interest costs.
• Continue to make home improvements.

TIE Recommended Program: Professional Blend with 2nd mortgage HELOC.

We structured Rodlyn and Amandas mortgage acceleration program using a 2nd
mortgage HELOC. It was determined that projected payoff results proved to be faster
than a 1st lien HELOC. With a 1st mortgage interest rate of 3.25%% and low mortgage
balance on the 1st mortgage, it was determined by keeping their current mortgage in
place and consolidating their vehicle payment , motorcyclye payment, patio loan and
student loan with a 2nd postion HELOC would save them $727 per month.

It has only been a short time since Rodlyn and Amanda have consolidated their debt to
achieve the $727 in monthly savings, and began the TruthinEquity strategy to eliminate
their debt at an accelerated pace, but they have already achieved great results.

They have lowered their mortgage balance by $30,000, and lowered the balance of the
line of credit, which consisted of the consolidation of their vehicle , motorcyclye, patio
loan and student loan, by $5000 in only 3 months.

Their beginning monthly positive cash flow per month started at $735.19 and are now
experiencing a monthly positive cash flow of $1,348 per month.

Based on their performance they will meet or exceed their expected pay off of all debt
in the 7 year 5 month projection.

Their Story

Brent and Amanda had great jobs and almost no debt except for their 30 year mortgage. With their goal of acquiring real estate and having Amanda retire early they happen to see Jordan Goodman on Fox News. Jordan was explaining how almost anyone with proper counseling could pay off a 30 year mortgage in 5 to 7 years without changing their lifestyle in any way. Intrigued they called Truth In Equity and set up an appointment with one of the strategists. Both Brent and Amanda could plainly see that having their mortgage for a year and paying off less than $7000 certainly wasn’t helping them reach their financial goals. All that interest going to the bank every month was downright painful.

Needs

• Payoff mortgage debt to eliminate future interest costs.
• Accelerate retirement goals for Amanda once mortgage is paid in full.

TIE Recommended Program: Professional Blend with $45,000 2nd mortgage HELOC.

We structured Brent and Amanda’s cash flow with a second position heloc as the
numbers with the line in second far exceeded replacing the mortgage with a
heloc. By restructuring the cash flow we were able to increase the speed of the
amortization and reduce time spent paying bills. Both were very happy.

Results since implementation:

We think Brent’s email tells the whole story.

“Hi Sam, I can go solo and I will tell Amanda you said Hi. From 21k in equity to
105K in less than a year, woohoo!!
Have a good week.
thanks,
Brent”

The best part of this is that they were only on the program for 8 months when he
wrote this! $84,000 of gained equity in only eight months!

As a follow up we spoke in June of 2019 and if it were not for Amanda losing
over a year of income due to an illness they would have paid the entire mortgage
off many months earlier than even the projections indicated.

Their Story

Brian and Julie heard of TruthInEquity.com(TIE) on a local radio station. Intrigued and very strong need/desire to payoff their mortgage before they retire they joined the TIE family. At the time(2011) Brian and Julie were living paycheck to paycheck and didn’t know of or see any real answer to their goal of a debt free retirement.

Needs:

• Payoff $155,985 in debt before retirement…2024.

Truth In Equity facilitated the acquisition of the both HELOC‟s with one of our recommended lenders. TIE customized the implementation process to fit Brian and Julie‟s specific budget, circumstance and goals. They will continue to receive guidance and support from Truth In Equity when needed.

TIE CLB® Recommended Program: Professional Blend with $50,000 2 nd mortgage HELOC. 2/2013: Transitioned to an Executive Choice $175,000 1st lien HELOC.

We initially structured Brian/Julie‟s CLB® program using a 2nd mortgage HELOC so they could get acclimated to CLB® on their current 2nd mortgage balance. After getting „acclimated‟; reducing debt load by $43,265 in two years they transitioned into a 1st lien HELOC. Opening balance: $112,630.

Results since implementation: 6/27/2011
Since 2011 Brian and Julie have become one of our favorite success stories! In a recent conversation Brian informed me they would have paid off the original debt several years ago. However, considering the control he has over his debt he has utilized CLB® to accomplish a few other goals…

• Steel Roof $28,000 Last roof he‟ll ever need in ND.
• New car $44,000 Last car Julie will ever need.
• 2 cruises $10,000 30 years of marriage…they were due.
• Tractor $16,000 Because Brian wanted one.

Brian also informed me his HELOC balance was close to what it was in 2013; $112,000. He‟s not concerned; they never would have been able to do any of those things without CLB® . But with it he can and will still be mortgage free on the day he retires. No worries. No stress. He says; “I got this”. Julie, the CFO of the family…she‟s been managing their CLB® program and signs off on all major purchases…concurs…”we‟re right on pace.”

Without CLB® life would have become a financial disaster after Julie was out of work for 7 months in 2015. Per Brian; they didn‟t even feel the loss of income as far as lifestyle. And they didn‟t even have to dip into savings! No worries, no stress.

Brian and Julie‟s daughters‟ family are also CLB® practitioners as well as several of their friends.

Their Story

Patrick and his wife were introduced to TruthInEquity.com by their Financial Planner.

Patrick wasn’t carrying additional consumer debt, but the amount of long term interest cost on his 1st mortgage was more than he deemed acceptable. After he and his Planner examined the amount of interest Patrick would pay over time it was concluded he would have to contribute close to $690,000 of his income to acquire $250,000 in his investment portfolio. Close to $440,000 of the $690,000 accounted for the repayment of the mortgage and associated interest. Patrick didn’t mind repaying the $268,000 he borrowed; he just wasn’t willing to pay $172,000 in interest along the way. Those numbers didn’t match Patrick’s goals. With help from TruthInEquity.com Patrick implemented CLB® and is on pace to his debt free goal by 2025.

Needs:

• Payoff mortgage debt to eliminate future interest costs.
• Accelerate retirement goals once mortgage is paid in full.

TIE Recommended Program: Professional Blend with $25,000 2nd mortgage HELOC.

We structured Patrick’s mortgage acceleration program using a 2nd mortgage HELOC. It was determined that projected payoff results proved to be faster than a 1st lien HELOC. With a 1st mortgage interest rate of 3.625% and a large 1st mortgage balance it was determined a two loan scenario for implementation was the safest and most productive structure.

Results since implementation: 9/28/2016

Since 2016 Patrick has eliminated $126,000 in mortgage debt and is on pace to save $70,000 in interest and be debt free by age 45-46. This will leave Patrick 20 years to invest the $1222 mortgage payment that no will longer exist in 2024. That’s an additional $293,000 in Patrick’s investment portfolio by the time he retires. Steel Roof $28,000 Last roof he’ll ever need in ND.

In June 2019, Patrick was able to reduce his 1st mortgage payment by $550 with just a phone call. That is a $6,600 annual tax free raise! A benefit to the long term relationship with TruthInEquity.com we keep an eye out for opportunities to improve program results. During a routine performance evaluation Patrick’s TIE strategist identified an opportunity to improve monthly cash flow. Since Patrick paid off so much of his mortgage balance in such a short time his mortgage company approved a reduction in his monthly mortgage payment without refinancing.

The increased cash flow will reduce Patrick’s projected payoff another 12 months. Patrick can now count on being mortgage free by 44!.