You can ask your real estate agent or the person you closed with at the Title Company to go over the HUD statement with you.
Home Mortgage Interest is normally paid the month AFTER, so if you close in November, let's say November 15th, you will be charged the interest from the 15th through the 30th of November, but not again until January (for the interest of December).
You might also pay "points" which could be deducted. Points would also be listed on your HUD closing statement.
If you closed in November 2022, you most likely will NOT get a 1098 from the Lender.
Additionally, Taxpayer have the option of choosing the Standard Deduction OR Itemizing Deductions on Schedule A.
Home Mortgage Interest only matters if you have enough deductions, such as Mortgage Interest, Medical Expenses and more.
Standard or Itemized,which is better?
Info about Points
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