Question
Which amount for points paid should I enter when Closing Disclosure for new loan says I paid points but Form 1098 says I didn't (loan sold to another bank after closing)?
The Closing Disclosure for the new home loan I took in 2018 said I paid points (origination charges). Specifically, in the Origination Charges section, it states the Borrower-Paid Origination Fee at closing was $x,xxx.xx and before closing was $x,xxx.xx.This information was provided on a standard form and not was created by the mortgage lender.
Within 1-2 weeks following closing, I received notification that the loan was then being serviced by a different bank. This bank sent me a Form 1098 a few months ago and indicated in Box 6 that the points paid on purchase of principal residence was $0.00. Can I enter the amount provided in the Closing Disclosure? Or, do I need to contact our current loan servicer and ask them to fix the information in Form 1098 and send us a new copy?
