
Mortgage Accounting Explained Mortgage Accounting Explained#1: The loan documents control the payment NOT the statement. #2: Payments are applied to the oldest month due.#2: Payments are applied to the oldest month due.#3: Partial Payments don’t apply.Consult a Portland Foreclosure Defense Attorney If you are an Oregon homeowner concerned with staying current on your mortgage then this series is for you. Today we are going to talk about mortgage accounting I will be giving you three important things to know to help you decipher that mortgage statement you receive every month. Your home is your biggest asset and, besides your family and…