Due-on-Sale Clause
A provision requiring full loan repayment upon property sale
Full Definition
Why It Matters
Understanding due-on-sale 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
Due-on-Sale Clause refers to a provision requiring full loan repayment upon property sale. This is an important concept in mortgage lending that affects how your loan works.
Understanding due-on-sale 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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