My 1098 mortgage statement has "Yes" marked for Box 7 -- does this mean the property is secured?

[TomK · Accepted solution]

Yes.  Only a loan secured by the home has tax deductible interest.

If the address of the property securing the mortgage is the same as the payer’s/borrower’s mailing address, either check the box or leave the box blank and complete box 8. If the address or description of the property securing the mortgage is not the same as the payer’s/borrower’s mailing address, complete box 8.

[Edited 3/09/19 | 3:24pm]

[TomK]

Please see updated answer.