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To: Toddsterpatriot

Yes, there is an acceleration clause in all mortgage loans. Miss a couple of payments and the bank can legally demand payment in full.


29 posted on 02/14/2009 6:46:45 PM PST by Islander7 (If you want to anger conservatives, lie to them. If you want to anger liberals, tell them the truth.)
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To: Islander7
Yes, there is an acceleration clause in all mortgage loans.

That's not the same thing as callable.

Miss a couple of payments and the bank can legally demand payment in full.

Not an issue. So did you have a point?

30 posted on 02/14/2009 7:07:08 PM PST by Toddsterpatriot (Protectionists, still bad at math.....)
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