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Mortgage Audit News: |
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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. |
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How to Contact us: |
Fill out our contact form
here and one of
our consultants will contact you.
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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.
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Incorrect monthly
payment factor, despite having a correct payment rate.
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Correct
index selection, but math mistakes leading to incorrect rate.
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An incorrect loan balance.
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Data input errors, mistyped entries, faulty computer
software, or an ambiguously written loan note
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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.
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