What happens to mortgage if shutdown from bank?

italdesign

Level 2 Member
If the bank with whom you have your mortgage shuts all your credit cards and bans you from future apps, what happens to your mortgage? Are you good to go, or do you suddenly not have a mortgage? Can you lose your house? Anyone have first hand knowledge?
 

Panache

Level 2 Member
My mortgage is with Chase and that has crossed my mind. I haven't churned any of their cards yet and have MSed only ~$30 K per year. Time to refinance....
 

BuddyFunJet

Level 2 Member
While not first hand knowledge, the mortgage stays as is despite a shutdown. However, don't expect any breaks or mercy if payments are late or on anything else.
 
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