is there a such thing as .....

I have to confess that I'm not entirely certain of this person would have been referring to without knowing the context in which they were saying it. My best guess, right now, is they were referring to "prepayment penalties" or "early termination" fees. By pre-paying these, or paying them off early, usually a period of 2-5 years into the mortgage, an additional fee was charged to fully "pay off" the loan. These loans are pretty much gone now from the mainstream lenders; I've still seen them associated with a few "portfolio" lenders and some home equity lines. The other possibility is someone using an equity acceleration program; typically driven by a software program. Perhaps one of these is what was meant.

I have heard the term used to mean someone paying more on their mortgage than is actually due in order to pay it off earlier. I have not heard any other use for that.Best,Forest23 years in the mortgage businessOwner/BrokerSun Pacific Real Estate & Loans, Inc.