Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. An acceleration clause is a contract provision that allows a lender to require a borrower to ...
An acceleration clause allows a mortgage lender to demand full repayment of the loan if certain conditions are not met. This clause protects against missed payments, violations of loan terms, or ...
Acceleration clauses, a common feature in mortgage contracts, require that you pay off your entire loan balance immediately in a single lump sum. If you're unable to pay off the mortgage, the lender ...
It’s no secret that the double whammy of inflation and high interest rates continues to hurt Americans’ finances. Further compounding the issue, an Insurify survey found that “homeowners will again ...
A common provision of a lease is an acceleration clause. An acceleration clause typically provides, in substance, that upon the tenant's default, the landlord may terminate the lease, and recover, as ...
Typically used to guard against defaults on loans, an acceleration clause allows a non-breaching party, in the event of default, to require payment of the entire amounts outstanding under the ...
When you take out a mortgage, you plan on paying it back over 15 or 30 years. But in some cases, the lender can demand full repayment sooner. Mortgages allow for this possibility with acceleration ...
We all know paying your mortgage on time is important. But you might not know how big of a deal it could be to miss a single payment. Most mortgage loans include an acceleration clause, which could ...