Definition of opponent for English Language Learners. : a person, group, etc., that is against something (such as an action, law, or system) : someone or something that does not want something to exist, be done, etc.
Generally, your first mortgage payment is due on the 1st day of the 2nd month following your closing date. For example, if you close in February, your first mortgage payment will be due on Aproil 1st. Generally speaking of course.
The maturity date represents the due date of the final installment of principal on a loan. You repay a mortgage loan in regular monthly installments; thus the payment of principal is spread over the entire term of the loan. However, the monthly interest amount gradually falls and the principal gradually rises as the mortgage ages.