Mortgage Glossary
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.
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