HBFrage
2013-05-12 23:38:05
- #1
The following scenario:
A mortgage loan with a fixed interest rate for 20 years. The borrower may terminate after 10 years, but what about the bank, is it allowed to do so without an important reason (e.g. payment default)?
What happens if the bank sells the mortgage including the collateral? Is the new owner allowed to terminate within the fixed interest period?
Thanks for the info
A mortgage loan with a fixed interest rate for 20 years. The borrower may terminate after 10 years, but what about the bank, is it allowed to do so without an important reason (e.g. payment default)?
What happens if the bank sells the mortgage including the collateral? Is the new owner allowed to terminate within the fixed interest period?
Thanks for the info