Can a bank call a mortgage loan demand?

Answer A bank can call a mortgage loan demand. A demand loan is defined as a loan repayable upon demand. A feature of a demand clause is that the lender can raise an interest rate at any time and/or warn ... Read More »

Top Q&A For: Can a bank call a mortgage loan demand

Can a bank call in a mortgage loan?

The majority of mortgages have an acceleration clause. This clause allows the bank to demand immediate payment of the entire mortgage loan. A bank can accelerate payment of your mortgage loan if yo... Read More »

How long does it take a bank to decide a mortgage loan?

While the initial mortgage loan preapproval takes one to two business days, full approval for a mortgage takes between three and six weeks. The variance in time depends on the number of loans the l... Read More »

Can a bank call my mortgage?

A bank can call, or request immediate payment, on a mortgage, if the borrower fails to meet certain conditions or if the term of the loan has ended and a balance is still due. For example, if the b... Read More »

Can I Call for an Absolute Auction of a Home If the Bank Holds Half the Mortgage?

In a real estate absolute auction, the highest bidder wins the property. There is no minimum bid required, and no reserve is placed on the property. Some auctioneers will not sell a property that h... Read More »