Will I receive a 1098 for interest on the loan? You will only receive a 1098 for accrued interest on the loan upon repayment, full or partial. All payments that are made are first applied to interest due. By Vinci Digital|2022-09-06T19:35:10+00:00September 6th, 2022|FAQ_s, Reverse Mortgage Payoff-old|Comments Off on Will I receive a 1098 for interest on the loan? Share This Story, Choose Your Platform! FacebookXRedditLinkedInWhatsAppTumblrPinterestVkXingEmail About the Author: Vinci Digital