Annual Mortgage Statement

(redirected from 1098 Form)

Annual Mortgage Statement

A statement that a mortgage lender sends to a borrower indicating the interest and points paid on a mortgage, the principal remaining, and the escrowed taxes and/or insurance that the lender paid on the borrower's behalf. This helps the borrower in taking the correct deductions on his/her tax return. It is also called Form 1098.
References in periodicals archive ?
The Interim Servicing feature also accounts for interest payments received by the mortgage banker, tracking them in a 1098 form and printing the form for tax purposes.
The source of all income you receive, including W-2 forms, 1099 and 1098 forms, and year-end comprehensive statements from financial institutions.
Through Radstar, in tandem with e-Status, TBW was able to post more than 100,000 IRS 1098 forms on its secure Web site, available for download by borrowers well before the hard copies had even been printed for mail out.
Through W2 Mate, the W2 1099 reporting solution offered by the company, users can prepare the most common types of 1099 and 1098 forms along with the yearly summary forms 1096 and W-3.
Through W2 Mate users can prepare the most common types of 1099 and 1098 forms along with the yearly summary forms 1096 and W-3.
Through W2 Mate, users can prepare the most common types of 1099 and 1098 forms along with the yearly summary forms 1096 and W-3.
Accurately report all statements (W-2, 1099, 1098 forms, etc.
Through W2 Mate, the tax forms software offered by the company, users can prepare the most common types of 1099 and 1098 forms along with the yearly summary forms 1096 and W-3.