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Mortgage Interest

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Veronica Graham

Guest
My husband and I recently bought a home with a conventional loan, first and second trust. On the Mortgage Interest Statement (Form 1098) for the second trust, it indicates my husband as the borrower, with his social security number (note: the first trust statement correctly reflects both our names and social security numbers). I called the bank holding the second trust and was told, "this is the way it is". I don't understand, since we got the loan jointly. My concern is that when filing income taxes I will not benefit from the interest paid on the second trust. Can you explain this situation and what remedies I have? Thanks!
 



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