What is Form 1098?

Form 1098, also known as the Mortgage Interest Statement, is a tax document sent out by loan servicers or lenders to borrowers each year. If you paid $600 or more in interest on your home loan during the tax year, we are required to provide you with this form.

Why is Form 1098 Important?

The form helps you report the amount of interest you paid on your loan to the IRS.

What is Reported on Form 1098?

Depending on your loan and how it's serviced, Form 1908 may include:

• Interest paid on your loan during the year
• Any refund or credit of overpaid interest from a prior year, if any
• Certain points paid for the purchase of your principal residence, if applicable
• Real estate taxes paid by us from your escrow account, if applicable
• The outstanding principal on your loan as of the beginning of the year
• Address or description of the property securing your loan

When Will You Receive Form 1098?

We will mail, or otherwise deliver Form 1098 to you by January 31 following the end of each calendar year, in accordance with IRS requirements.

How to Use Form 1098 When Filing Taxes

Instructions on how to use Form 1098 can be found on the IRS Website. Due to differing individual circumstances and complexity of tax laws. any questions about how to use the form should be directed to a qualified tax professional.

If you have any questions about the the loan information or dollar amounts reported on your Form 1098, please email customerservice@automhatic.com or call us at (888) 226-8929.