A Mortgage Statement is a document provided by your mortgage servicer that outlines your account details, payment history, and the amount due for your mortgage loan. It serves as a crucial tool for borrowers to keep track of their mortgage obligations and understand any fees or penalties that may apply. By reviewing this statement regularly, you can stay informed about your financial responsibilities and avoid potential issues.
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[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 _/_/_
$
Payment Received – Thank you
Fee Description
Past Payments Breakdown
Paid
Last
Year to
Month
Escrow (Taxes and Insurance)
Fees
Total
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[Servicer Name and Address]
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.
When dealing with a mortgage, several forms and documents are commonly used alongside the Mortgage Statement. Each of these documents serves a specific purpose in managing the mortgage process and ensuring that both the borrower and lender have a clear understanding of the loan terms and payment obligations.
Understanding these documents can empower borrowers to manage their mortgage effectively. Each form plays a vital role in ensuring clarity and communication between the borrower and the lender.