Education
If the address in Box 8 is the same property that secures the mortgage, you can check the box in #7. You just want to make sure that you indicate that the mortgage is secured. It is a requirement to deduct mortgage interest which means the lender has some kind of guarantee of payment, usually in the form of property. If a borrower defaults on payments, the lender can seize the property that’s securing the loan. If you’re buying or refinancing a home, especially if it’s your first home, the loan is usually secured by the home you’re buying or refinancing.
If you leave box 7 unchecked (which you can do), you will get prompted to answer the Is this loan secured by a property of yours? question. Answering Yes there is the same as checking off box 7. If you check the box, you don't get the follow-up question.
