Maturity date
The Maturity Date is the date when your current Mortgage Term ends. On this date you will either renew your mortgage for a new term, if your lender agrees, or pay it off completely. Lenders will notify you a couple of months before the Maturity Date of the need to either renew or pay off your mortgage on the Maturity Date.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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