Save these documents after becoming a homeowner

Just because tax season is over doesn’t mean you shouldn’t keep those documents top of mind after purchasing a home! 🤓⤵️

Keep these Tax Documents in a safe place: ✅

🗂️Closing Statement (HUD-1 or Closing Disclosure): This document provides a detailed account of the costs and fees associated with the purchase of your home.

🗂️Deed: The deed is the legal document that transfers ownership of the property from the seller to you.

🗂️Mortgage Documents: Keep all mortgage agreements, promissory notes, and any other documents related to your mortgage.

🗂️Property Tax Statements: Retain records of your property tax assessments and payments.

🗂️Home Improvement Receipts and Records: Any receipts and documentation for home improvements or repairs, as these can potentially be used for tax deductions or when calculating capital gains.

🗂️Insurance Records: Documents related to homeowners insurance, including policy details and claims information.

🗂️Title Insurance Policy: Documentation of your title insurance, which protects you against potential title issues.

🗂️1098 Form: Mortgage interest statement provided by your lender

Keeping these documents organized and in a safe place will ensure you have everything you need for your taxes and any future needs related to your home.

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