Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on .

User Stats

113
Posts
34
Votes
Bradley LaBrie
  • Real Estate Agent
  • Davison, MI
34
Votes |
113
Posts

Experience with a Note called due by bank?

Bradley LaBrie
  • Real Estate Agent
  • Davison, MI
Posted

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.

  • Bradley LaBrie