| hinfarm - 7/3/2022 09:53 I'm 39 so I didn't live through it either, but I have researched it extensively to make sure it doesn't happen to me. There sure seems to be an illusion that a bank can't call a note for any reason at any time weather it makes sense or not even with a payments current or even paid ahead.
An awful lot of people have never read the small print on a bank note and don't believe that it can happen because they've never personally seen it happen.
I wouldn't put it past some banks to find ways to dump fixed rate loans that are current if its in their best interest to get rid of them and put that money out on variable rate notes.
Whenever you sign a contract that the other party wrote, just assume that it gives them free reign to do whatever they want to do.
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Those who farmed through the '80's ?
