Real Estate Glossary



  Acceleration Clause

A provision in a mortgage that gives the lender the right to demand payment of the entire principal balance if a monthly payment is missed.

 

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Edith Harper, Broker Associate
Prudential The McMillen Real Estate Group
1004 N. Berkeley Blvd., Goldsboro, N. C. 27534
e-mail address - edithharper@realtor.com


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