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Borrowed in 2019

Forum|Forum|6 years ago
March 9, 2020
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What is the borrowed this year?

I bought a new home in 2019. I don't know which field in closing cost document is for borrowed in 20`9?

Best answer by DMarkM1

Sorry but nothing in your screen shot shows the amount borrowed or financed. In your closing documents you should find a loan document that has what amount you financed/borrowed. You can also speak with your mortgage company or go online to look at your mortgage account for original loan amount. The amount could also be in box 2 of your form 1098.

K

KarenM90

If you are asking how much your loan was and where to find it on your closing statement, there are several different types of Closing Statements.

If your closing statement is a "standard" HUD-1 (see screenshot below) it will be Line 202 under the Borrowers Transactions. Principal amount of new loan(s). There are several different types of Closing statements but they should all have the same general information.

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Z

zhshqzycAuthor

Sorry for my foolish. I still don't understand it. I just attached the image of the closing statement. Can you please advise me?

DMarkM1Answer

Sorry but nothing in your screen shot shows the amount borrowed or financed. In your closing documents you should find a loan document that has what amount you financed/borrowed. You can also speak with your mortgage company or go online to look at your mortgage account for original loan amount. The amount could also be in box 2 of your form 1098.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"