The answer is clear, because open-end loans usually use real estate as collateral. If the mortgage term of the collateral expires, the bank has the right to sell the property to recover the loan.
For the lender, it is necessary to pay off the loan in time to avoid the collateral being sold. If you can't repay the loan in time, you can negotiate with the bank to extend the mortgage period or seek other solutions. For banks, it is necessary to collect loans in time to avoid losses, and at the same time, it is necessary to abide by relevant laws and regulations and not to excessively collect them.
If the public mortgage expires, the lender should consult the relevant personnel of the bank in time to understand the relevant policies and rules so as to deal with it in time. If it is necessary to extend the mortgage term, the lender needs to provide relevant supporting documents and application forms, which will be approved by the bank after approval. If the loan cannot be repaid, the lender may consider selling the collateral or seeking other solutions.
In short, the maturity of open mortgage is a common loan situation, and both lenders and banks need to deal with it in time to avoid unnecessary losses.