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Private Lending & Conventional Mortgage Advice

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Kevin Washington
  • Erie, PA
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Bank calling line of credit loan.

Kevin Washington
  • Erie, PA
Posted Apr 6 2015, 14:07

Please help. 

A little over a month ago I got a line of credit on a second home. Last week I put my 2 weeks in at my current employer and am planning to move into my second home. I was planning on taking some time off before finding a new job,  6 months or so.  In this time I could fix and sell my current primary residence.  I am now afraid the bank is going to call the line of credit. Can they and will they to that? The bank is a large nationally known one.  My paycheck is currently deposited with the same bank each week, so i am thinking they will find out.  What should I do??

Thanks in advance.

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