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Updated over 5 years ago on .

Experience with a Note called due by bank?
I recently refinanced to a conventional from an FHA 203k loan to lower my interest and save on PMI/monthly payment on a 4-unit. I then moved into another multi-unit property 2 months later as my primary residence. I understand I have the risk of my loan being called due but I'm wondering if anyone has ever had that happen? Is it law that you get 30 days to pay off the mortgage?
I have 40% equity and I cash flow $1550/month off the property so I know I won’t have an issue getting private money if they call the loan. I’m just wondering how likely that is. Thanks.