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Updated about 5 years ago on .

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1,888
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Jack B.
  • Rental Property Investor
  • Seattle, WA
1,046
Votes |
1,888
Posts

No demand feature on my loans.

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

So I've been worried as of late about buying more rentals out of worry of the loan call provision. I read one a long time ago when signing and mis-remembered the terms it seems. My loans can be called if I sell/transfer the property or default on the loan. Also researching on here and online I found out that the truth in lending document has a checkbox for where there is a demand loan, which are the ones that can be called for ANY reason. None of mine have a demand feature, hooorayyyyy!!!