What is Form 1098? Form 1098 is such a common form that has been used by public in different fields. Some of the examples are 1098-E for student loan interest, 1098-T for tuition, and 1098-C for vehicles, boats, and airplanes. It does not have to be related to the mortgage. In the mortgage industry, the Form 1098 is defined as the statement of the mortgage interest. That statement will show you how much the interest of the mortgage, the points, and Private Mortgage Insurance or PMI that has been paid in the previous year. The statement will also show you the property taxes. As note, it will be shown when you pay the taxes of your real estates through your lender. In Nationstar Mortgage, the Form 1098 is more known as Nationstar Mortgage 1098.
If you take a mortgage in Nationstar Mortgage, this mortgage will send you Nationstar Mortgage 1098 that consists of the year end statement that summarizes the payments, taxes, and interest during the previous twelve months. You will receive the form from Nationstar Mortgage in January 13. Meanwhile, you will get one if your loan was transferred during the period year. The time of sending the form is a bit similar in every mortgage. It will be sent through the email. So, be sure you check it when the time comes.
In case you want to see the Nationstar Mortgage 1098 before it is available, you can navigate the Statements section that can be found in the official website at www.nationstarmtg.com. All the information will be displayed there. In addition, if you want to check Nationstar Mortgage 1098 from more than one year ago, please contact the customer service at 888-480-2432.
There are some cases happened related to the Nationstar Mortgage 1098. In the first case, some customers do not receive the statement. Why? It is because you paid the amount less than $10.00 in your escrow account or your interest income has been paid on January 2nd. In conclusion, you will not receive one until the next year. The next one is related to the address changes. If your name or your address changes from before, you do not have to worry. It is because does not affect the report to the IRS. In short, you do not need the corrected Nationstar Mortgage 1098. Then, what happen if it does not mention your name? The one that will be reported is only number of the primary borrower’s Social Security. In case you want to switch the names order and report it for the next statements, you have to fill the short and simple form called Affiliation Change Agreement that you can find on the official website of the Nationstar Mortgage. You can also talk to the customer service at 888-480-2432 to change one. After that, you should sign it and send it back to Nationstar Attn: Customer Service 8950 Cypress Waters Blvd. Coppell, TX 75019.
If you get another problem, feel free to contact the customer service at the number above the solve the problem.