Owning a home can yield some benefits at tax time if you're able to deduct mortgage interest. If you paid interest on a mortgage loan, your lender should provide you with a Form 1098 Mortgage Interest ...

Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...

It’s fine to get rid of monthly mortgage statements, but you should keep all your mortgage documents, including proof of title insurance and the promissory note, until your loan is paid off. Having ...

Every lender’s mortgage statement might look a bit different, but it’ll generally provide the same basic information. Knowing what it includes and how to read it can help you keep track of payments ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. A mortgage expert has warned homeowners not to throw away their 1098 ...

How long should you keep mortgage documents? It depends on the mortgage document. You’ll want to keep certain paperwork for as long as you own the home, while you can discard other things immediately.

Mortgage statements and related documents are often needed for taxes, audits and legal purposes. Some paperwork, like monthly statements, can be discarded after a year, while others, such as deeds and ...