Documents - what to save, what to shred
I'm working on cleaning out and organizing my closets. One of them includes several bins and boxes of documents. I know you are supposed to save financial documents, like bank statements, for seven years.
What about medical bills and insurance EOBs? I think it is useful to keep some of them just to have a record of certain medical providers and events, but in general, how much do you have to save from previous years?
Also, I have lots of paperwork relating to mortgages. My current home is the only place I have ever "owned," but I have had several different mortgages. I started by using two loans from First Horizon to buy the condo. One was a 5/1 ARM. First Horizon sold both loans to Everhome. I refinanced both loans into one new one with Everhome before the ARM reset. So, that was loan #3 overall. Everhome promptly sold #3 to Countrywide. Countrywide was bought by Bank of America. Then I refinanced again, this time with MetLife, into loan #4.
Some of the mortgage holders sent me monthly statements, others sent quarterly statements. Plus I have various notes and documents from the discussions leading up to the settlement of the four loans, as well as communications regarding escrow balances and changes to the escrow amount. And of course I have all the settlement docs.
So what do I need to save out of this mess, and what can I shred?
Thanks in advance!!!