Mortgage accelerator loan: What is it and how does it work?

By Jennifer Bradley Franklin, Bankrate.com
In broad terms, mortgage acceleration or an accelerator loan is any program that “helps homeowners pay off their mortgage balances much earlier, resulting in significant interest savings over the life of the loan and reducing the payment duration by several years,” says Robert Bullara, owner of Fine Realty International in Austin, Texas.
“With mortgage accelerator programs, you pay a little extra each month toward your mortgage’s