3 ms·

There's no such thing as a margin call on a mortgage.

• sokoloff 9y ago
  Not on a typical residential mortgage, but commercial balloon mortgages often have a provision for the loan being called early.
  • rsync 9y ago
    ... also many (most ?) seller-financed residential mortgages.
• refurb 9y ago
  There is in Canada! Mortgages have 5-year terms, but 30 year amortization. When you renew at the end of your 5-year term, the mortgage company can ask for an appraisal and ask you to cough up enough money to maintain 80% loan-to-value. That's even if you keep the exact same mortgage and bank.