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Mortgage Audit News:

 All the above news organizations have reported errors discovered in the terms of Adjustable Rate Mortgages (ARM)

Mistakes do happen and are quite common. If in doubt, let the professional staff at MortgageAudits.net inspect and examine your mortgage loan for computational and rate errors.

 How to Contact us:

Fill out our contact form here and one of our consultants will contact you.

 

 

 

 

 

 


  MortgageAudits.net
can discover errors in your Adjustable Rate Mortgage (ARM). If you are paying too much, we will get you
a mortgage refund.   
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News organizations, like the ones at left, have been reporting that mistakes in Adjustable Rate Mortgage (ARM) loans are very frequent. The difference in overpayments can add up to thousands of dollars over the lifetime of your mortgage. Mortgage Audits can correct ARM errors, while bringing your loan into compliance and getting you a mortgage refund.

The Wall Street Journal, Kiplinger's, The New York Times, MONEY, CNN, NBC, ABC, Good Morning America, CBS, have reported incorrect mortgage rates - discovered via mortgage audits - in ARM's and escrow accounts. Mortgage Audits.net can inspect and correct the terms of your Adjustable Rate Mortgage and bring it into compliance, saving you time and money. These are the common mistakes in ARM loans: 
  • Rounding an equation incorrectly, such as rounding up, instead of rounding to the nearest 1/8th of 1 percent..a fairly common mistake.
  • Selecting the wrong index date, incorrect type of index, or index value.
  • Incorrect monthly payment factor, despite having a correct payment rate.
  • Correct index selection, but math mistakes leading to incorrect rate.
  • An incorrect loan balance.
  • Data input errors, mistyped entries, faulty computer software, or an ambiguously written loan note
  • . NOTE: Even with a sophisticated computer system, clerical errors can occur when data is entered.
    We will correct errors and get you that refund on your mortgage!

These are the reasons to be concerned with ARM errors, in particular. If the loan has any of the following features, there is cause to further audit the compliance of your Adjustable Rate Mortgage, to get you a refund on your mortgage:
  • The loan was sold or transferred to a different company.
  • A rider, handwritten changes, or other irregularities exist in the note.
  • Very complex calculations are needed, using an unusual index, or interest rate.
  • Your loan balance has not decreased significantly.
  • The original loan was made by a loan institution that has been dissolved or merged with another company.

To find out how Mortgage Audits.net can help you audit, inspect, or correct errors in the terms of your mortgage loan, click here for our contact form.