It is a
form that includes the annual interest paid on a loan secured by a mortgage. You should use this document when filing your income tax return. The document will be in the name of the mortgage’s borrower and co-signer.
It is important for you to be aware that the principal balance shown in the document is the original or modified balance, not the current balance.
If you made mortgage payments during the year for which you will file a tax return,
you will receive the Informative Return – Mortgage Interests (480.7A) on or before January 31 via regular mail. This document contains the information necessary to complete your income tax return.
If you are enrolled in
Mi Banco Online, you will be able to access the current form and those from previous years in the Informative section. To make the most this benefit, enroll at Mi Banco Online.
Along with the Informative form, you will receive our brochure with information related to your mortgage loan.