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Implied Call

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Implied call
The right of the homeowner to prepay, or call, a mortgage at any time.

Implied Call
The right of a mortgage borrower to pay off his/her mortgage loan at any time. Unless there are penalties attached in the loan contract, this causes the lender to lose any interest that would have accumulated had the mortgage continued to exist. This right is usually implied in the contract, and is assumed to exist unless the contract states otherwise. Theoretically, it could be exercised if a homeowner accumulated enough cash to pay off the mortgage outright; most often it is exercised when the homeowner re-finances his/her loan.


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He said: "The cardinal is entitled to make his views known but there is an implied call to Catholic politicians and health workers to place Catholic doctrine above the wishes of the electorate.
Less contentious is the implied call for a fundamental change in the way that the UN is empowered to deal with its international responsibilities.
When pressed to respond to both groups, Wilson, without hesitation, easily shifted the direction of both debates from his implied call for contemporary descendants of the Great Migration to embark upon an actual physical relocation back down south to a sobering account of the extent of their rejection up north.
 
 
 
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