If I get a 30yr floating loan, every 5 yrs the rate can change can the bank decide not to renew the loan & request pymt in full?

What your referring to is a 5/1 ARM. This is a loan where the interest rate is fixed and cannot change in the first 5 years, but on the 6th year, and every year after, it can change depending on what the index your loan is tied to is doing.. the lender cannot call your note due, and you do not have to refinance every 5 years... Once the loan is funded, the lender cannot change the terms of your loan, and the only way they can call the note due is if you committed loan fraud, or the lender has to foreclose because of non payment.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres 480-287-5714 WilliamAcres.com