Hi there
I refinanced my house mortgage in April 2019 from Lender A to Lender B.
Lender A's 1098 still shows Outstanding Mortgage Principal as 230,000. When I asked them they replied:
"Our records indicate that your outstanding principal balance listed on your 1098 form is accurate based off the months January through April when your loan was paid in full. Your outstanding principal balance on your 1098 was recorded for that time prior to your loan payoff."
Is my lender correct? Shouldn't 1098 show $0 as outstanding balance?
Thanks.