Can a mortgage of Heloc be called ?
Was thinking of taking the summer off and every year I have to give a financial statement to my lender for my rental property, income, assets, liabilities etc.
If I take the summer off I wont have employment income.
Sounds like you do not have individual mortgages on each property.
Also sounds like you may have a non traditional mortgage that covers multiple properties… kind of a line of credit secured by multiple holdings.
When I had Rental property, I attended some seminars that talked of this… but never explored it. Does it allow you to add properties without the typical 20% down?
Read you Documentation? I doubt you can get much solid advice on this unusual setup from posting on a board.