Printable Mortgage Statement Form

When filling out and using the Mortgage Statement form, keep the following key takeaways in mind:

• Contact Information: Always check the servicer's name, customer service phone number, and website. This information is crucial for any questions or issues.
• Statement Date: Note the statement date, as it indicates the period the statement covers.
• Account Number: Ensure your account number is correct to avoid confusion when making payments or inquiries.
• Payment Due Date: Mark the payment due date clearly. Late payments can incur additional fees.
• Outstanding Principal: Review the outstanding principal amount. This is the remaining balance you owe on your mortgage.
• Interest Rate: Check the interest rate listed. Be aware of any changes that may occur after a specified date.
• Prepayment Penalty: Understand whether a prepayment penalty applies. This can affect your decision to pay off your mortgage early.
• Transaction Activity: Examine the transaction activity section to track your payments and any fees incurred.
• Delinquency Notice: Pay attention to any delinquency notices. They indicate if you are behind on payments and the potential consequences.
• Financial Assistance: If you face financial difficulty, seek information about mortgage counseling or assistance. Resources may be available to help you.

By following these takeaways, you can effectively manage your mortgage statement and ensure timely payments.

What is included in my Mortgage Statement?

Your Mortgage Statement provides a comprehensive overview of your loan account. It includes essential details such as your outstanding principal balance, interest rate, payment due date, and the total amount due. Additionally, it breaks down the amount due into principal, interest, and escrow for taxes and insurance. You will also find transaction activity, recent account history, and any fees charged, including late fees if applicable.

What happens if I make a partial payment?

If you make a partial payment, it will not be applied directly to your mortgage balance. Instead, the funds will be held in a separate suspense account. Once you pay the remaining balance of the partial payment, those funds will then be applied to your mortgage. It is important to ensure that you make full payments to avoid complications with your loan.

What should I do if I am experiencing financial difficulty?

If you are facing financial challenges, it is crucial to seek assistance. The Mortgage Statement typically includes information on mortgage counseling or assistance programs available to help you manage your situation. Reaching out to your servicer can provide you with options and resources to help you navigate through this difficult time.

What are the consequences of late payments?

Mortgage Statement - Usage Instruction

Completing the Mortgage Statement form requires careful attention to detail. This form provides essential information regarding your mortgage, including amounts due and payment history. To ensure accuracy, follow the steps outlined below.

1. Locate the Servicer Name and Customer Service information at the top of the form. Write down the name and contact number for future reference.
2. Fill in your Borrower Name and Address in the designated section. Ensure that the information is accurate and matches your official documents.
3. In the Statement Date field, enter the date you are filling out the form.
4. Write your Account Number in the appropriate space. This number is unique to your mortgage account.
5. Enter the Payment Due Date to indicate when your next payment is expected.
6. Fill in the Amount Due for your upcoming payment.
7. Note the late fee amount that will be charged if payment is received after the specified date.
8. Complete the Account Information section by entering the Outstanding Principal, Interest Rate, and whether there is a Prepayment Penalty.
9. In the Explanation of Amount Due section, break down the total amount due by entering amounts for Principal, Interest, Escrow, Regular Monthly Payment, Total Fees Charged, and Total Amount Due.
10. Fill out the Transaction Activity section by documenting dates, descriptions, charges, and payments for the specified period.
11. Review the Past Payments Breakdown to ensure all previous payments are accurately recorded.
12. Complete the Amount Due section again, indicating the total amount and any additional fees that may apply.
13. Make a note to make your check payable to the Servicer Name and include your Account Number on the check.
14. Read the Important Messages section carefully, especially regarding partial payments and delinquency notices.

After filling out the form, double-check all entries for accuracy. It is crucial to submit the form promptly to avoid any late fees or complications with your mortgage. Keep a copy of the completed form for your records.