What does Annual Mortgagor Statement mean?

A statement provided by a lender to a borrower that shows the borrower's mortgage balance, payments made, and any fees or charges that have been applied to the mortgage over the past year.

Related Terms

Alternative Mortgage As-Is Homeowners' Warranty Treasury Index Title Company Interest Rate Caps Credit Report Cash reserves Triple Net (NNN) Buyer's agent English Tudor Style Craftsman Style Closing Fixed Time General Contractor Floor Area Ratio Assumable Mortgage Percentage Lease (Retail Only)