Acceleration Clause

what is an acceleration clause mortgage rates today

What is an Acceleration Clause? The activation of an acceleration provision in a mortgage contract may serve as a forerunner to a foreclosure action, in which a lender may legally compel the sale of the property obtained with the mortgage loan. The lender may seize the proceeds from any later sale of the property to […]

Set to Draft by md Private Mortgage Insurance (PMI)

What is a Mortgagee?

What Is a Mortgagee? A mortgagee is a type of lender that lends money to borrowers for the purpose of purchasing real estate. In a mortgage transaction, the mortgagee is the lender, and the mortgagor is the borrower. The mortgage follows the property, so even if the borrower sells it to someone else, the mortgagee […]