What is a Yearly Mortgage Statement?

An annual mortgage statement is a document sent to a borrower by the mortgage holder.

This statement provides the borrower with key information related to the loan, activity on the account, and the remaining balances owed or other financial obligations for which the borrower is responsible.

A mortgage statement is provided to the borrower periodically, at least annually, and can be provided to the borrower upon request. These statements are usually mailed out around the middle of February. 

It’s important to verify their accuracy and store them securely. For example, borrowers should compare the annual statement with their records, then report any mistakes or oversights related to the statement, outstanding balance, or payment history to the lending institution right away so that a corrected statement can be issued, if necessary.

If you are a self-employed business owner and plan on deducting mortgage interest on your taxes, you’ll need this form to do it.


An annual mortgage statement can be a helpful reminder that you may need to shop around for a refinance loan if you’d like to secure a lower interest rate or convert an adjustable-rate mortgage to a fixed-rate loan.

If you have any questions or would like to discuss your yearly mortgage statement with me, please book an appointment today.  I am here to help… Schedule a call with Lisa