Anyone heard of this?
I was looking at getting a 2nd on my house (quite a bit of equity) and was told by someone my primary lender may have a clause in there where they can call my note if I take on a 2nd loan or home equity line of credit. My primary lender is a big entity so it might take some jumping through hoops to check on this but in the meantime while I do, is this a common thing in lending?
I was looking at getting a 2nd on my house (quite a bit of equity) and was told by someone my primary lender may have a clause in there where they can call my note if I take on a 2nd loan or home equity line of credit. My primary lender is a big entity so it might take some jumping through hoops to check on this but in the meantime while I do, is this a common thing in lending?