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Glossary of Terms > D > Due-on-Sale Clause

Due-on-Sale Clause

Provision of a contract that stipulates if the property is sold, the loan balance must be repaid; assures the seller cannot transfer responsibility for an existing loan to the buyer when the interest rate on the old loan is below the current market.

D Terms

Days On Market (DOM)

Debt-to-Income (DTI) Ratio

Deed

Default

Delinquency

Demand Clause

Depreciation

Discount Points

Down Payment

Dual Index Mortgage

Due-on-Sale Clause