2. Request Form 1098 From Your Lender or Servicer The IRS requires homeowners to fill out Form 1098 to show how much mortgage ...

Here, I share the details on this form and how to request it. Form 1098 is the Mortgage Interest Statement that the servicer provides to the borrower. This form is used to report interest payments ...

What is the dollar cap for the home loan tax deduction? And how does a home equity loan fit in? Here's a comprehensive guide ...

If you paid more than $600 in mortgage interest last year, keep an eye out for a Form 1098 from your mortgage lender in early 2025. A copy of this form will also be sent to the IRS. In most cases ...

Your lender is required to provide you with a Form 1098, Mortgage Interest Statement, each year if you paid $600 or more in interest. The $600 threshold includes both regular interest and any points.

Most mortgage lenders want you to have a credit score of at least 620 -- but there are exceptions. Read on to learn more ...

"Generally, you can deduct the home mortgage interest and points reported to you on Form 1098 on Schedule A (Form 1040), line 8a," the agency says. "However, any interest showing in box 1 of Form ...

Aspiring millennial and Gen Z homeowners have spent the last few years watching their purchasing power erode. Prospective buyers felt they did everything right in saving for a home, only to watch ...

Key Takeaways - Is Mortgage Interest Tax Deductible? As tax season rolls around, you may have a number of questions on your ...

Your loan servicer issues a 1098-E statement which reports the amount of loan interest paid on a student loan during the year for borrowers in repayment. Some borrowers may be eligible to use this ...

In short, it's unlikely that mortgage interest rates will fall much further in September, even if that doesn't mean that you ...

Today’s interest rate for a 15-year fixed-rate mortgage is 5.125%, which is unchanged from yesterday. The monthly payment for ...