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2. What is an acceleration clause? And what triggers it? - AOL

   www.aol.com/finance/acceleration-clause-triggers...

   Lenders decide to accelerate a loan based on the contingencies specifically listed in the mortgage documents. Usually, the things that can trigger an acceleration clause relate to the lender’s ...

3. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   A mortgage lender is an investor that lends money secured by a mortgage on real estate. In today's world, most lenders sell the loans they write on the secondary mortgage market. When they sell the mortgage, they earn revenue called Service Release Premium. Typically, the purpose of the loan is for the borrower to purchase that same real estate.

4. Conditional sale - Wikipedia

   en.wikipedia.org/wiki/Conditional_sale

   A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...

5. Due-on-sale clause - Wikipedia

   en.wikipedia.org/wiki/Due-on-sale_clause

   Any of these arrangements triggers the due-on-sale clause in the seller's existing mortgage and thus the lender may call the loan due. If a property with a due-on-sale clause in the mortgage loan is transferred and the loan is not paid off, the bank could call the loan and then foreclose on the property if the buyer is unable to immediately ...

6. Mortgage application: What’s included and how to prepare - AOL

   www.aol.com/finance/mortgage-application...

   A loan officer can help you determine which loan is right for you and help you identify the loan’s terms and conditions. 44.8% Percentage of new mortgages that were conventional loans in 2023

7. Community Mortgage Program - Wikipedia

   en.wikipedia.org/wiki/Community_Mortgage_Program

   The loans were given at 6% interest on a 25-year repayment plan. [ 1 ] In 2011, the urban poor organization Kalipunan ng Damayang Mahihirap (Kadamay, or Federation of Mutual Aid for the Poor) stated that the Community Mortgage Program fails to address the needs of urban poor residents, many of whom do not have a stable income to repay their loans.

8. Your mortgage statement explained - AOL

   www.aol.com/finance/mortgage-statement-explained...

   A mortgage statement is a document containing the latest details about your loan, including your monthly payment. The law requires your mortgage lender or servicer to send you statements for each ...

9. Mortgage assumption - Wikipedia

   en.wikipedia.org/wiki/Mortgage_assumption

   For example, making payments on the mortgage can evince an intent to assume it, as can paying less than the value of the property (if the difference is the amount outstanding on the mortgage). Absent an assumption of the mortgage by the purchaser, the purchaser buys the property subject to the mortgage, which means the property is still ...