The busy holiday season is upon us again and it is time to start preparing for year end. In preparation here are some reminders for our borrowers regarding year-end financial opportunities and obligations associated with your loans:
Availability of Form 1098 Mortgage Interest Statements
1098 Mortgage Interest Statements will be mailed by end of January and be made available through NorthMarq’s Online Loan Info web site.
Tax Credit for January 2017 Mortgage Payments
To receive credit on the 2016 Form 1098 Mortgage Interest Statement for the interest paid with the January 2017 mortgage payment, please deliver the January payment to NorthMarq on or before December 31, 2016. ACH* payments scheduled on or after January 1 may be planned for an earlier pull date by referring to the Year End ACH Change form on our website.
*If you are not currently using the ACH payment option and wish to set up your payment through this option visit visit NorthMarq’s web site for the ACH enrollment form.
Request for Year-End Financial Statements
NorthMarq will soon issue notices requesting annual financial statements and rent rolls as outlined in the loan documents. Please contact your Loan Portfolio Analyst if you have any questions.
We at NorthMarq wish you a safe and joyous holiday season!