The entire home buying process is a learning experience, and the truth is, you never stop learning once you become a homeowner. Staying informed is so important, especially when it comes to your mortgage. When your first monthly mortgage statement arrives, you’ll notice there is a lot of information to digest – but don’t fret. We’re going to highlight the different sections and what you should be looking for below.
It’s important to note that your monthly statement may vary slightly, depending on your loan servicer. The following details are those that you’ll see most commonly, so use this as a guide when reviewing your individual statement.