Acceleration Clause
A provision allowing the lender to demand full repayment
Full Definition
Why It Matters
Understanding acceleration clause helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
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Frequently Asked Questions
Acceleration Clause refers to a provision allowing the lender to demand full repayment. This is an important concept in mortgage lending that affects how your loan works.
Understanding acceleration clause can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
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