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Archive for September 2021

Acceleration Clause – What Is an Acceleration Clause in a Contract?

businessman giving contract to woman to sign | accelerated clause

An acceleration clause refers to a provision in debt instruments that stipulates the circumstances under which an installment payment may be accelerated. The most common circumstance is when the borrower defaults on any of the covenants contained within the instrument, such as paying back interest or principal payments on time.

Triggers for Acceleration Clause

An acceleration...

What is mortgage insurance?

What is mortgage insurance | Person Holding a Black Pen

When looking for a home loan, there are several options available. In general, most lenders want at least 20% of the home’s value as a down payment. If the borrower doesn’t want to or is unable to put that much money down, they will need to get mortgage insurance.

What Is Mortgage Insurance?

Mortgage insurance is designed to help protect the lender if the borrower...

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.