Question
Found my question, but the answers made no sense, so I re-post: "I purchased a home & loan was sold to another lender... I'm confused on what to enter for each lender.
1. I paid points when I took out the loan with the original lender.
I've recorded the points under the 1098 for the original lender, but what do I put for the "Tell us about any points paid to..." the second lender? Technically the choice "No points were paid for this loan" is not accurate because it's the same loan, but I already recorded the points under the previous lender. What do I check here for the new/current lender to whom the loan was sold?
2. Again, for the new/current lender, "Is this the original loan you took out to purchase the property?," do I say yes because it's still the original loan, just different company, or do I say no because it's not the company with whom I took out the original loan?
I've recorded the points under the 1098 for the original lender, but what do I put for the "Tell us about any points paid to..." the second lender? Technically the choice "No points were paid for this loan" is not accurate because it's the same loan, but I already recorded the points under the previous lender. What do I check here for the new/current lender to whom the loan was sold?
2. Again, for the new/current lender, "Is this the original loan you took out to purchase the property?," do I say yes because it's still the original loan, just different company, or do I say no because it's not the company with whom I took out the original loan?
