mortgage & home loan refinance | vase at home

Mortgage Acceleration Clause

Mortgage Acceleration Clause

A clause allowing a lender, under certain circumstances, demand the entire balance of a loan is repaid in a lump sum. The acceleration clause is usually triggered if the home is sold, title to the property is changed, the loan is refinanced or the borrower defaults on a scheduled payment.

0 Comments
1500 characters remaining
loading...