The acceleration clause allows the lender to speed up repayments if you miss a monthly mortgage payment.

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The acceleration clause in a mortgage agreement allows the lender to demand immediate repayment of the entire loan balance if the borrower misses a monthly mortgage payment. This clause gives the lender the right to accelerate the loan repayment schedule and take legal action if the borrower does not comply with the loan terms.

The Acceleration Clause Allows the Lender to Speed Up Repayments