Can a bank call my mortgage?

Answer 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 »

Top Q&A For: Can a bank call my mortgage

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 »

Can a bank call a mortgage loan demand?

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 »

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 »

Does private mortgage insurance vary from bank to bank?

The amount a borrower will have to pay for private mortgage insurance varies from bank to bank. Most often, the amount of the payment is between 0.5 percent and 1 percent of the total amount of the... Read More »