{"id":3069,"date":"2017-09-13T13:49:16","date_gmt":"2017-09-13T17:49:16","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?post_type=encyclopedia&#038;p=3069"},"modified":"2021-08-03T18:32:30","modified_gmt":"2021-08-03T22:32:30","slug":"maturity-date","status":"publish","type":"encyclopedia","link":"https:\/\/www.zolo.ca\/blog\/glossary\/maturity-date","title":{"rendered":"Maturity Date"},"content":{"rendered":"<p>The maturity date of a <a href=\"https:\/\/www.zolo.ca\/blog\/glossary\/mortgage\">mortgage<\/a> is the last day of a loan term, as agreed upon by the mortgage lender and borrower. When a loan term ends the last day is known as the maturity date. On this date, the borrower must either repay the loan in full or negotiate a new loan term.<\/p>\n","protected":false},"author":3,"template":"","meta":[],"class_list":["post-3069","encyclopedia","type-encyclopedia","status-publish","hentry"],"acf":{"custom_title":"What is the maturity date of a mortgage?","why_important":"<p>The maturity date of a mortgage is the day a mortgage term ends. On this day, the\u00a0borrower must either repay the mortgage debt in full, opt to renew the mortgage with the current lender or have a new loan term agreement in place.<\/p>\n","examples_of":"<p>An example of a maturity date of a mortgage can be seen on any loan document, typically in bolded type font. For instance, if you obtained a 25-year mortgage for $200,000 with a loan term of five years and a start date of July 1, 2015, then the maturity date of the mortgage would be\u00a0<b>July 1, 2020.<\/b><\/p>\n"},"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/3069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=3069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}