Why do i need to provide my w9 to my mortgage company?

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Why do i need to provide my w9 to my mortgage company?


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The W9 allows the lender to send both you and the IRS a statement of mortgage interest paid at the end of each calendar year. This allows many homeowners to then deduct this interest from their taxable income on their federal (and some state) returns, according to current tax law. Most homeowners want to be able to do this, and the W9 facilitates the process.

Answered about 3 years ago
Kelcey Morange
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