Sentences with phrase «acceleration clause included»

Acceleration Clause Included in a mortgage, it allows the lender to demand early payment (sometimes in full) for certain reasons, such as defaulting on the loan, destruction of property, or transfer of title.

Not exact matches

In some cases, the loan documents may include an acceleration clause that will bring the entire balance due at death.

Some of these options include forbearance (e.g. forgiving a portion of the debt or late charges); deferment; renegotiating interest rate, monthly payment amount, principal amount, maturity date; or the enforcement of an acceleration clause in the loan.

The mortgage acceleration clause falls under the general term of «demand features» that may be included in a mortgage document.