Does anybody know about "accelerated home equity" through "money merge accounts"? What's the catch here?

Question

I've heard claims that you can payoff your home mortgage in 10~15 years instead of 30 years with the same monthly payment.
Is this too good to be true?

Answer 1

Yes, it has to be a scam.......unless they have changed math

Answer 2

Never heard of it.

What I have heard of though, is paying off a loan early using "bi-weekly" payments. Basically, you make a 1/2 payment every two weeks (NOT twice a month mind you). That's 26 half payments per year, or 13 Full payments. That 13th payment goes directly towards your principal in whole.

Doing this cuts about 6 years of payments off a 30 year loan.