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February 3, 2021
Question

I purchased a home in 2020. My loan was transferred to a new mortgage company. I received a 1098 from both companies. Do I included the pts for the purchase on both 1098s

  • February 3, 2021
  • 1 reply
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Or should the points only apply to one 1098?

1 reply

February 3, 2021

my guess is that one of those 1098's is wrong.  there shouldn't be additional points when a mortgage is transferred from lender to lender. the only time there could be more points is when you do a refi.

 

your closing statement should reflect the points you have paid and should agree with the first mortgage company's 1098.