There are a couple of different types of accelerated mortgage paydown software. There are some that use an equity line (open ended loan) as a closed-loan interest cancellation tool. This works best in scenarios where the client has very little debt and just a mortgage. The results are phenomenal. A downside to the equity line scenario is that if the client has a fair amount of debt and no discipline, there is an increase in spending due to the availability of the equity line of credit.
There is another very easy and effective way to accelerate the pay down of debt and mortgage for clients who have a fair amount of debt. It does not require an equity line. This tool is GREAT for mortgage originators.
If you'd like more information on both, email me at mags_mcleod @ yahoo.com