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

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

    An acceleration clause is a section of a mortgage contract that can have big consequences: Namely, it can require you to pay off your entire mortgage at once. Even if you miss only one payment.

  3. How to write a letter of explanation for a mortgage - AOL

    www.aol.com/finance/write-letter-explanation...

    Sample letter of explanation While the exact content of your letter depends on your circumstances, you can use this sample letter of explanation to a mortgage lender as a template: Date

  4. How to Write a Letter of Explanation for a Mortgage - AOL

    www.aol.com/news/write-letter-explanation...

    If your credit report has any negative history, a lender may require a letter of explanation for a mortgage application. Needing a letter of explanation isn't a cause for panic, but it's something ...

  5. Acceleration (law) - Wikipedia

    en.wikipedia.org/wiki/Acceleration_(law)

    An acceleration clause, also known as an acceleration covenant, may be included within a contract, so as to fully mature the performance due from a party upon a breach of the contract, such as by requiring payment in full upon the contract if a borrower materially breaches a loan agreement. [1] [2] Acceleration clauses are most prevalent in ...

  6. File:Sample-letters-for-creditors-and-mortgage-companies.pdf

    en.wikipedia.org/wiki/File:Sample-letters-for...

    sample-letters-for-creditors-and-mortgage-companies.doc: Software used: Preview: Conversion program: Mac OS X 10.13.6 Quartz PDFContext: Encrypted: no: Page size: 612 x 792 pts (letter) Version of PDF format: 1.3

  7. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    The notice of acceleration is called a Demand and/or Breach Letter. In the letter it informs the Borrower(s) that they have 10 or 30 days from the date on the letter to reinstate their loan. Demand/Breach letters are sent out by Certified and Regular mail to all notable addresses of the Borrower(s).

  8. Mortgage accelerator loan: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-accelerator-loan...

    A mortgage accelerator loan can help you pay off your mortgage ahead of schedule, often through a line of credit or a biweekly payment setup. This type of loan might charge an annual fee and a ...

  9. Mortgage acceleration - Wikipedia

    en.wikipedia.org/wiki/Mortgage_acceleration

    Mortgage acceleration is the practice of paying off a mortgage loan faster than required by terms of the mortgage agreement. As interest on mortgages is compounded , early payments diminish the period needed to pay off the mortgage , and avoid a quotient of compounded interest.

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