Hello,
I refinanced my primary home in 2020 from the original lender of the loan (call it Lender A) . My refi started through Lender B and I paid 1 point for a lower interest rate. I made one monthly payment to Lender B. The loan was then sold to Lender C. I now have 1098 forms from each lender.
First question - When exactly do I input the point I bought on my refinanced loan? My initial impression is to enter it with the 1098 information from Lender B - the lender that I started the refinance with. Then when I enter the 1098 information for Lender C, I do not duplicate the information about the point..is this correct?
Second question - On the 1098 forms from Lender B and C, the Mortgage origination dates (Box 3) to do not make sense. The date on the 1098 from Lender B is a month after the date on the 1098 from Lender C. Does this matter?
Third question - I've noticed that once everything is all entered, the amount of Mortgage Interest that is deducted is about half of what it was last year even though the amount of interest paid was nearly the same. Can someone explain why refinancing has made the deduction so much less?
I hope my questions make sense. Let me know how I can make anything more clear. Thank you!!
