Mortgage Acceleration Clause, Glossary and Terms, Mortgage Brokers, Banks US

U.S Mortgage Brokers Mortgage Brokers, Banks US, Rate, Review, Remortgage

"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.

Mortgage glossary and terms by letter

A B C D E F G H I J K L M N O P Q R S T U V W Y Z 0
Was this page helpful? Yes -0 No -0 9
×
Wait 20 seconds...!!!