Maturity Date
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
The maturity date is the day a mortgage is scheduled to be fully paid off, the end of the loan term.
What Maturity Date means
On a 30-year loan, it falls 360 payments after the first. Paying extra principal moves the effective payoff earlier. The maturity date appears on the note and mortgage.
Florida example
A 30-year loan that started in July 2025 carried a maturity date of June 2055, the point at which the final scheduled payment would retire the balance.
What it is
The maturity date is when your loan is scheduled to be fully paid off. On a 30-year loan, it is 30 years from your first payment.
By then, the balance reaches zero if you pay as agreed.
Why it matters
Knowing your maturity date helps you plan payoff and any extra payments. Paying ahead moves it sooner.
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