CAN ANYONE GIVE ME SOME HELPFUL TIPS ON MANAGING A MORTGAGE ACCOUNT STATEMENT ?

There’s really not much you can do to manage it. You get a statement, you pay it and there’s not much else you can do other than keeping it.

If you want to keep them, put them in a folder.

In the meantime, I would read the mortgage documents (all those pages you received when you first bought the home). I would find out what kind of mortgage you have. Is it a really a fixed rate mortgage or some other kind of mortgage?

I work at Primerica Financial Services, A Citi company, and I seen lots of strange mortgages. One time I saw an adjustable rate mortgage with various payment option and this client was paying the minimum balance on it, but the option he choosed require more than the minimum payment. In this particular payment option, everytime he paid the minimum, the balance on the mortgage grew bigger and bigger. It was a very very unique mortgage. What I was able to do was help him refinance into a fix rate mortgage and show him how to pay it off a few years sooner.