Understanding your mortgage statement A mortgage statement is a monthly document that details the latest information regarding your home loan.

1. Get a payoff statement First, you need to find out how much is left on your mortgage balance.

Estimate your monthly payments and find out how long it’ll take you to pay off your home loan early with our free mortgage payoff calculator.

What is a payoff statement for student loans? A student loan payoff statement comes in handy if you want to pay off your loan in full, refinance your debt, or qualify for a mortgage.

When you contacted your lender about a mortgage payoff statement, they should have detailed for you the documents they’ll be supplying to close out the mortgage.

Not all mortgage lenders charge prepayment penalties, though, so make sure to check with yours if you're considering paying off your loan in full. More pros and cons ...

Choosing whether to recast depends on how large of a payment you can make and whether you want a lower monthly payment or an accelerated mortgage payoff. Let's explore the scenarios of making a ...

The length of your mortgage and your interest rate will determine your monthly payments. You may wonder if you can customize your mortgage terms beyond the standard 15- or 30-year options.

A mortgage expert on TikTok warned homeowners not to throw away this form sent with your recent statement.

Paying off your mortgage is a significant milestone that can lead to incredible savings. But is early payoff right for you?

Paying off the mortgage early is either a no-brainer or a brainteaser, depending on your point of view.