Quote:
Originally posted by widebody911
6.0 fixed Don't know what 'call or resale options' are.
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There was a story in the newspaper here last year about someone who got a great refi deal. A year later, his loan was "sold" to another bank. That bank called the loan in, demanding immediate payment of the entire balance. He was forced to do more mortgage shopping.
Apparently some loans have an instant "call" option for the lender.