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Maturity Date

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Sam Site Admin Joined: 21 May 2005 Posts: 214 Location: CALIFORNIA 99.84 Dollars($)	Posted: Thu Jul 01, 2004 11:45 pm    Post subject: Maturity Date Maturity Date is a last day, when the total principal balance of a mortgage deal, comes due. Maturity date is also known as: Renewal date Call date Pre-payment right Characteristics of maturity date: Last Day - It is the last day of the term of the current mortgage contract. Conditions required - On the maturity date the borrower must fulfill certain conditions- He/She must make the full mortgage payments. He/She must renew the present mortgage with the same mortgage lender or. He/She must switch to a new lender.

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