There are many terms that are used in the mortgage industry and we thought it be of service to our readers to brush up on these terms.
Do not worry we will not write a book about each term – only short explanations.
We hope you will enjoy reading these.
Mortgage Terms Glossary
Acceleration clause – The clause in a mortgage or trust deed that stipulates the entire debt is due immediately if the mortgagee defaults under the terms of the contract.