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.

 

[ Back To Real Estate Glossary ]

© 2008 Century 21 Real Estate LLC.
CENTURY 21 ® is a registered trademark licensed to Century 21 Real Estate LLC.
Equal Housing Opportunity.


Our Exclusives | Co-op/Condo | Search MLS | Rentals | Buyer/Seller Info | Market Analysis | Dream Home Finder | Our Agents | Contact Us | Mortgage Calculator | Mortgage Rates | Home
Website design and hosting by iHOUSE ®

Site Admin Menu