Where to get mortgage statement

Via phone. You can contact customer service and speak with a representative or use an automated system to make your payment. Via check. Many mortgage companies include a detachable payment coupon that you can mail in along with a check for the payment amount. In person.

If your loan servicer is local, you can also stop by the office and pay via check or credit card. Most loan servicers will also provide details about credit reporting, late payments, and instructions for making changes to your name, address, or phone number on your statement.

The views and statements expressed are deemed reliable as of the publish date indicated and may not be accurate or reliable at any future date.

The views and statements provided are those of the author. Discussions regarding any financial information provided are not intended as individual recommendations and do not reflect the views or advice of Atlantic Bay Mortgage Group, L. The views expressed are subject to change at any time in response to changing circumstances in the market. Atlantic Bay Mortgage Group, L. Loan programs may change at any time with or without notice.

Having this information tells the borrower when their mortgage is up for renewal and gives them notice to decide if they want to stay with their current lender or if they want to shop around for a different interest rate.

Need help reviewing your mortgage statement? Contact us anytime! If a borrower is considering selling the property or considering refinancing with another lender, a current mortgage statement is nearly always required as proof of the approximate existing balance and to determine a payoff balance upon closing of the sale or refinancing.

In most cases, your new lender will accept an annual statement, even if it is several months old. However if there has been a change to the mortgage balance due to a refinance or pre-payment, the lender will require you to obtain a current statement. There may be a small fee charged from your current mortgage holder for updating the mortgage statement. A current mortgage statement is usually on a document checklist of items to provide to the mortgage broker, real estate agent or broker and the seller.

At First Foundation, we can review your current mortgage statement with you and answer any questions you may have. The paper statement should be straightforward and detailed, offering information that is also in the online statement, such as the amount that is due each month and your simple or actuarial interest.

Always glance at the property address on your mortgage statement to ensure that the address for the house secured by the mortgage is listed properly. When you receive your mortgage statement each month, verify that the last payment received date matches the date you paid the company.

You can also find the current amount you owe on the mortgage. When you compare the amount owed the previous month, you can get a clearer picture of how much closer you are to paying off the mortgage each month.

The account information section of your mortgage statement is sometimes called the loan information section. It will provide the essential data you need to track your mortgage. This amount will not include the future interest or other financial charges that may accrue as you pay off the mortgage.

Keep in mind, the principal balance shown is not the total amount you would need to pay to close the account and own the house with no further payments. The escrow balance should also be listed in the account information section of your mortgage statement.

Make sure that you have enough money in the escrow account to cover upcoming needs. The account information section will also provide information on the interest rate you are currently being charged each month.

If you have a fixed-rate loan, the single interest rate should stay the same for the duration of the loan, which is usually 15, 25 or 30 years. If you have an adjustable-rate mortgage, your interest rate may adjust periodically, so you need to pay close attention to the current rate each month. It will provide a summary for the month. The amount due should include the amount you need to pay for the principal, interest and escrow account. This section will also state any past due balances and late charges been added to your account.