Understanding the due-on-sale clause in your mortgage agreement, also known as an alienation clause, is crucial. This clause allows lenders to demand full loan repayment if property ownership changes without…
A mortgage transfer involves legally moving both property ownership and loan responsibility. What an alienation clause means for property transfers is crucial: most mortgages include this "due-on-sale" provision, allowing lenders…
To determine if your mortgage includes an alienation clause, which allows lenders to demand full repayment upon property transfer, review your original loan documents for "due-on-sale," "transfer of ownership," or…
A typical amortization table breaks down each loan payment into interest and principal, showing how the balance decreases over time. This guide explains how to read and use the table…