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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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To: Toddsterpatriot

Nope, because a point would nullify said Chicken Little thinking.


75 posted on 02/17/2009 8:22:52 PM PST by RockinRight (Now it's my turn to have a psychotic, uncontrollable hatred for the President.)
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