Question

Form 1098 what does did the home loan close after December 31, 2006 mean? does mean when it was paid off?

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No, it is not when it is paid off. Loans are 'closed' when you go through the buying process and the purchase of the property is 'closed'.

In terms of a mortgage, the loan is closed when the transaction is finalized, funds are disbursed, and you are now obligated to repay the loan.

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