The maturity date, as you may already know, is the scheduled end date of a loan, mortgage, or other financial agreement. By this date, the borrower is required to have repaid the loan amount in full, including any interest and fees. For mortgages, this typically marks the final payment of a long-term agreement, often spanning 15 to 30 years. Upon reaching the maturity date, the borrower gains complete ownership of the property, and the lender’s claim on the property is removed, assuming all payments have been made.