Managing Your Mortgage Payment

A mortgage statement usually comes on a monthly basis. Your statement contains the following information (as well as other information):

– Customer service contact information for your mortgage servicer

– The amount due

– The due date

– Your interest rate

– Fees and charges

– Information about any past due payment, late fees, and how much you must pay to bring the account current if you are delinquent on your loan for more than 45 days Review your statement each time it arrives.

This can help you spot problems quickly. If you don’t understand something on the statement, contact your mortgage servicer using the contact information on the statement. You can also send a written request for information. Consider setting up automatic payments with your mortgage servicer or through your bank or credit union. This can help you stay on track! Please reach out if you need assistance in understanding the ins and outs of your monthly mortgage payment. We are here to help!

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