Mortgage maturity
The point at which the mortgage term ends and any remaining amount becomes due, unless another arrangement is agreed.
Related terms
-
Mortgage debt
Money owed under a mortgage, including the outstanding capital and any interest, fees or arrears due under the agreement.
-
Mortgage arrears
Mortgage payments that have fallen due but remain unpaid.
-
Interest-only mortgage
A mortgage where regular payments usually cover interest only, leaving the original capital to be repaid separately at the end of the term.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help