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mortgage maturity dates

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Icon Mini Profile keisha





Joined: 17 Mar 2011

Posts: 1

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Post Posted: Thu Mar 17, 2011 12:29 pm    Post subject: mortgage maturity dates
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Does the promissory note maturity date and the maturity date on the mortgage have to match? (e.g. have a development loan that is set up on 10 year am 3 year balloon, can you put a longer out maturity date on the mortgage in order to not have to keep renewing or modifying if development not complete)
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
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Post Posted: Thu Mar 17, 2011 7:55 pm    Post subject:
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Hi keisha!

Welcome to forums!

As far as I know both the dates - promissory date maturity date and maturity date on the mortgage have to match.

Sussane
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