If you have points, they should be listed in Box 6 of your Form 1098, Mortgage Interest Statement. If you have your closing documents, you can do the following: Locate the “Settlement Statement” in the closing documents. The name should be clearly defined at the top of the document.
Subsequently, one may also ask, where are points paid on closing disclosure?
Look in Box 2 to find the points paid for your loan. If you don't get a Form 1098, look on the settlement disclosure you received at closing. The points will show up on that form in the sections detailing your costs or the sellers' costs, depending on who paid the points.
Also Know, how do you read a real estate settlement statement? How to read the top of the settlement statement
- File No./Escrow No. Think of the escrow number like your bank account number—it's a series of digits specific to a single transaction between a buyer and seller.
- Date & Time:
- Officer/Escrow Officer:
- Settlement Location:
- Property Address:
- Buyer:
- Seller:
- Lender:
People also ask, where do I find sales expenses on settlement statement?
Sales expenses are listed in the sellers column of your settlement statement and include:
- commissions.
- appraisal fees.
- broker's fees.
- legal fees.
- advertising fees.
- home inspection reports.
- title insurance.
- transfer taxes or fees.
How do you write a settlement statement?
Guidelines for Writing a Settlement Statement
- Know your purpose in writing the settlement statement.
- Review all the details of your transaction.
- Carefully lay down the points needed to be discussed in the settlement statement.
- Write in an understandable manner.
- Be honest.
- Make it short.
