Mortgage Statement Template

A Mortgage Statement is a document provided by your mortgage servicer that outlines the details of your mortgage account. This statement includes essential information such as your outstanding principal, interest rate, and payment due dates. Understanding this form is crucial for managing your mortgage effectively and ensuring timely payments.

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The Mortgage Statement form serves as a crucial document for homeowners, providing essential information about their mortgage account. It includes the servicer's name and contact details, allowing borrowers to reach out for assistance when needed. Key components of the form consist of the borrower's name and address, account number, and the statement date. The payment due date and amount due are prominently displayed, along with any applicable late fees if payments are not received by the specified date. The form outlines account information, detailing the outstanding principal, interest rate, and whether a prepayment penalty applies. A breakdown of the amount due is also provided, specifying the principal, interest, escrow for taxes and insurance, regular monthly payment, and total fees charged. Additionally, the transaction activity section lists recent payments and any fees incurred, giving borrowers a clear view of their financial obligations. Important messages highlight the implications of partial payments and delinquency, urging borrowers to stay informed about their mortgage status. Resources for financial assistance are also included, ensuring that homeowners know where to turn if they face difficulties. Overall, the Mortgage Statement form is designed to keep borrowers informed and accountable regarding their mortgage payments and obligations.

Mortgage Statement Sample

[Servicer Name]

Customer Service: [PHONE NUMBER] [WEBSITE]

[Borrower Name and Address]

Mortgage Statement

Statement Date: _______

Account Number	____________
Payment Due Date	____________
Amount Due	____________

If payment is received after [DATE], $____ late fee will be charged.

Account Information

Outstanding Principal	$_______
Interest Rate (Until [Date])	______%
Prepayment Penalty	[Yes/No]

Explanation of Amount Due

Principal	$_______
Interest	$_______
Escrow (for Taxes and Insurance)	$_______
Regular Monthly Payment	$_______
Total Fees Charged	$_______
Total Amount Due	$_______

Transaction Activity (_/_/_ [Date] to _/_/_ [Date])

Date	Description	Charges	Payments
[Date]	Late Fee (charged because full payment not received by _/_/_	$
[Date]	Payment Received – Thank you		$
[Date]	Fee Description	$

Past Payments Breakdown

	Paid	Paid
	Last	Year to
	Month	Date
Principal	$	$
Interest	$	$
Escrow (Taxes and Insurance)	$	$
Fees	$	$
Total	$	$

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------

[Servicer Name and Address]

Amount Due

Due By _/_/_ [Date]$

$___ late fee will be charged after [Date]

Additional Principal	$
Additional Escrow	$
Total Amount Enclosed	$

Make check payable to [Servicer Name]

[Account Number]

[Additional tables to be translated]

Important Messages

*Partial Payments: Any partial payments that you make are not applied to your mortgage, but instead are held in a separate suspense account. If you pay the balance of a partial payment, the funds will then be applied to your mortgage.

**Delinquency Notice**

You are late on your mortgage payments. Failure to bring your loan current may result in fees and foreclosure – the loss of your home. As of [Date], you are __ days delinquent on your mortgage loan.

Recent Account History

·Payment due [Date]: Fully paid on time

·Payment due [Date]: Fully paid on [Date]

·Payment due [Date]: Unpaid balance of $________

·Current payment due [Date]: $_______

·Total: $_______ due. You must pay this amount to bring your loan current.

If you are Experiencing Financial Difficulty: See back for information about mortgage counseling or assistance.

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Key takeaways

Understanding your Mortgage Statement is crucial for managing your home loan effectively. Here are some key takeaways to help you navigate this important document:

Servicer Information: Always check the servicer's name and contact details at the top of the statement. This is who you will reach out to for any questions.
Account Details: Your account number is essential for identifying your loan. Keep it handy when making inquiries.
Payment Due Date: Be mindful of the payment due date. Timely payments help you avoid late fees and maintain a good credit score.
Amount Due: The statement clearly lists the total amount due, including principal, interest, and any fees. Ensure you pay this amount to keep your account current.
Late Fees: If you miss the payment due date, a late fee will apply. The statement specifies the amount and the date after which this fee will be charged.
Transaction Activity: Review the transaction activity section to see a history of charges and payments. This can help you track your payment patterns.
Partial Payments: Be aware that partial payments are not applied to your mortgage. They are held in a suspense account until the full payment is made.
Delinquency Notice: If you are late on payments, the statement will inform you of your delinquency status. It is crucial to address this promptly to avoid foreclosure.
Recent Account History: Check the recent account history for a summary of your payment performance. This section can help you identify any missed payments.
Financial Assistance: If you are experiencing financial difficulties, the statement may provide information about mortgage counseling or assistance options available to you.

By keeping these points in mind, you can effectively manage your mortgage and avoid potential pitfalls. Always reach out to your servicer if you have any questions or need clarification.