Secret 7 year mortgage nobody wants you to know about...

[Eric Couturier]

Has anyone heard of this?  Im not talking interest for the first 7 years, followed by paying down the principle the other 23 years.  No, Im talking 7 years, paid off, DONE, NOTHING LEFT, NADA, ZILCH!  I don't know if this was a made up story the 95 year old man was telling me how things were "back in the day", or if he was being sincere.  Tried my research online and cannot find anything on it! Is this something we are not supposed to find out about?  Is this something modern banks have forgot about?  Glad to hear comments please!