What is a mortgage statement?

A mortgage statement is a document from your lender that provides details about your home loan. Your lender must send you a statement every billing cycle – typically monthly. This statement may be mailed to you physically, sent to you electronically, or accessible on your lender’s website.

Why do I need to provide a mortgage statement?

Point needs to verify several things on your mortgage statement:

The mortgage matches the property on your application
The mortgage belongs to you, the person who applied for a Home Equity Investment with us
The terms of your mortgage, including interest rate and mortgage payment breakdown
The current balance of your mortgage
The payment status of your mortgage
The account number of your mortgage

Where can I get my mortgage statement?

Your bank lender should provide a monthly mortgage statement that contains the current information on your loan. Many lenders also provide online statements.

Does it matter what mortgage statement I send to Point?

Yes, you should provide your most recent mortgage statement for the most accurate Point Home Equity Investment offer.

What happens if I cannot provide this document to Point?

Point cannot move forward with your Home Equity Investment application without this document.

Example of a mortgage statement

Note: Your mortgage statement will vary. Hopefully this example can add helpful context.