Refinancing

Forum|Forum|6 years ago
February 17, 2020
1 reply
4 views

We had various loans that we paid off when we refinanced with another bank. As I put in the mortgage interest we paid, they now think that we have loans over 1 million dollars. My new loan has a box to check if this was paid off by another bank but none of the other loans have that option. They are charging me $500 more since I can't fix this problem. Please help.

Refinancing

DMac03

Level 2

I'm having the same problem. Help please!!

jdtaylor2150

Level 2

I too am having this problem

ramaro8

Level 2

I am having the same problem when I enter the Mortgage Interest Statement Form 1098. I refinanced twice this past year and my loan was sold both time, so I received five Form 1098. When I detail all the information, TT thinks my average mortgage loan balance is $1,050,043, when my actually average is approximately $262,00. I sent my file to a tax agent and received a token 781791 based on @AnnetteB6 recommendation.