Mortgage Acceleration

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Mortgage Acceleration is defined as the right of the lender to demand payment on the outstanding balance of a loan.

Mortgage Acceleration Clause

A clause allowing a lender, under certain circumstances, demand the entire balance of a loan is repaid in a lump sum. The acceleration clause is usually triggered if the home is sold, title to the property is changed, the loan is refinanced or the borrower defaults on a scheduled payment.

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