Are interest charges assessed to the homebuyer from the date of closing through the end of the month and reported on line 901 of the HUD-1 always accounted for in the year end 1098 mortgage interest statement from the lender?
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Not always - especially when the loan is sold 2 or 3 times in the year, often before the first payment is even due. If there's any significant money at stake it's always a good idea to to the calculation & double-check the numbers on the 1098 ('s)."The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith
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