What is an Acceleration Clause?

no responses

A mortgage clause that permits a lender to demand payment of the outstanding loan balance for different reasons. Typically, loans are accelerated due to the borrower defaulting on the loan or transferring title to another individual without notifying the lender.

[leadinjection_button alignment=”center” color=”custom” enable_icon=”yes” icon_fontawesome=”fa fa-arrow-circle-left” enable_link=”yes” link_url=”url:https%3A%2F%2Frealagents.com%2Fglossary%2F|||” background_c

  • Categories

  • Property Search
  • Trending Posts