Ep. 77 | Avoiding Complications at Mortgage Maturity

What would happen if I can't pay out this loan at maturity? Why is the maturity process crucial for a borrower, broker, or investor? These are the questions that will be answered in this episode of the Canadian Private Lenders Podcast.Ryan, a seasoned expert at Keystone Mortgage Investment Corp., will walk you through the ideas of renewal, repayments, and potential default consequences in tougher situations on your mortgage. He will also discuss the importance of reviewing your mortgage terms well before maturity and working with your broker to explore renewal or refinance options early. You must have good communication with your lenders to avoid last-minute complications, as well as consider all your exit strategies when entering a private mortgage to prevent issues at maturity. Listen and enjoy the show!Show notes:00:52 - Ryan introduces the episode about the maturity process01:56 - What is mortgage maturity?02:10 - Difference between mortgage lending and private lending03:56 - When the lender negotiates new terms with the borrower08:47 - Be a bit more flexible in terms of the payout09:47 - Importance of starting the refinance process early13:54 - Always review your mortgage terms well before maturityResources: Keystone Capital Group CPLP Instagram: @cplpodcast Keystone Instagram: @keycapgroupFind Neal On:Instagram - @neal.andreinoLinkedInFind Ryan On:LinkedInE-mail - [email protected]