I heard that a majority of loans processed are incorrect especially
the arm loans and one's that are sold.  I am trying to find an
inexpenasive software that I could use to do an audit on my mortgage. 
Would you know of any?

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Request for Question Clarification by taxmama-ga on 07 Oct 2002 13:11 PDT

Dear Slikk,

May I please ask you to clarify your question?

Do you want to audit the fees and total loan structure?
Or do you want an amortization schedule?

Or, if you have an ARM loan, are you trying to make sure
that you have been charged the correct interest rate for each period?

If it is the latter, 

what index is your loan tied

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Request for Question Clarification by taxmama-ga on 07 Oct 2002 13:15 PDT

Dear Slikk,

May I please ask you to clarify your question?

Do you want to audit the fees and total loan structure?
Or do you want an amortization schedule?

Or, if you have an ARM loan, are you trying to make sure
that you have been charged the correct interest rate for each period?

If it is the latter, 

a) To what index is your loan tied?

b) What is the floor (minimum interest rate on the loan)?

c) What is the ceiling (maximum interest rate) on the loan?

d) How often does the rate change? (i.e. monthly, quarterly, 
annually, every 5 years)

e) What is the maximum permitted fluctuation per period?

You can see why ARM loans tend to be more complicated.

If there is software, it will most likely be propietary, online,
and tied to the specific indices, since the index changes so often.

However, it's not that hard to set up an amortizatio schedule 
and just plug in the periodic rate change.

Your TaxMama-ga

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Clarification of Question by slikk-ga on 07 Oct 2002 14:03 PDT

Yes I want to audit the fee's and total loan structure.  I don't know
if the fees would calculate my local/state fees as well.  I am in palm
beach florida.  I have a fixed loan not a arm but it has been sold. 
No I don't want an amortization schedule.