101 financial mortgage paydown

[Ryan Murakami]

I just watched a video today about a company called 101 financial. Most of it was basic stuff about how banks make money off our money etc. But there was something very interesting technique the company founder (Alan Akina) brought up. He didn't go into too much detail (as they charge 3900 for the "secret system"), but he called it a "Debt Checking Account." 

He claims you can pay off you mortgage in as little as a few years by putting all your money in this account (which somehow is connected to your mortgage balance) to keep the balance down, thus decreasing daily calculated interest, then pay bills using the checks that come with this account. 

To me it sounds like you would have to:

1. take out another line of credit

2. pay your mortgage off completely with that new line of credit

3. save on interest by putting your whole paycheck in right away (temporarily decreasing daily interest), then using the same line of credit to pay bills

Has anyone ever heard of this technique??

He calls it a debt checking account but I think it either has a different name or is made up. You can watch the video if you have time www.101financial.com/video skip to about 23:00

Tell me what you guys think. Does this exist?