This form is furnished to give you a statement of actual settlement costs. Your mortgage statement contains important information about your loan balance and monthly payments.See what's included in this guide. A mortgage statement is an accounting of all of the details about your mortgage, including the current balance owed, interest charges, interest rate changes. 1 Settlement Statement is a form used to itemize services and fees charged to the borrower in a real estate transaction. Learn how to read mortgage statements to help clients track payments, avoid errors, and manage their mortgages efficiently. Enter the details of all personal debt that you now owe or will owe before this mortgage loan closes, including: debts not listed on your credit report,. A mortgage lender might ask you to write a letter of explanation to better understand your finances when deciding whether to approve you for a loan. A periodic statement covering an entire month may be used. Such statement would separately list the upcoming payment due dates and amounts due.