As of December 19, 2017, MyQL is now referred to as Rocket Mortgage.
I’ve got good news: You can take a tax deduction for your mortgage interest. In most cases, you can deduct the full amount.
Even better news: If you paid $600 or more in mortgage interest this year, your lender will send you a 1098 Mortgage Interest Statement with all the information you need to claim the deduction.
Super spectacular stupendous news: If your mortgage is through Quicken Loans, you can get your 1098 online through MyQL.com.
Hurry! You must enroll by December 31, 2014, to receive your paperless 1098s next month!
Benefits of Eliminating Paper
Between 2008 and 2013, FBI investigations led to 1,600 identity theft convictions. Your mail and garbage bins are fertile ground for people wanting to steal your identity. When you securely download your 1098 personal through the computer, you’ll have one less document that thieves can steal.
You can also do as the Lorax did and speak for the trees by requiring fewer of them to be chopped down. The Truffula Tree may not actually exist, but it’s very pretty when the leaves change color in the real world. Paperless statements can help preserve that beauty.
There’s also the obvious point that no one likes going through mountains of paperwork at tax time in order to find the information they need. Paperless statements have a certain convenience factor that can’t be beat. It’s stored within your MyQL.com account in case you ever need to refer back to it. You’ll also get your 1098 faster because you won’t have to wait for it to come in the mail.
Getting paperless statements is easy. Just sign up on MyQL.com today.
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