I used to think paying for a loan audit was a waste, but it saved my house.
About a year ago, I was drowning in a home equity line of credit that kept changing terms. The payments jumped and I couldn't keep up. My wife found a firm that does deep loan audits for complex cases like mine. I thought it was a scam, but we were desperate. It cost us $1,200 up front, which felt insane to pay when we were already short. They went through every document and found the lender had made a major error in how they calculated the adjustable rate from the start. They gave us a full report we used to negotiate. The lender had to recast the loan and we got a fixed rate we can actually afford. Has anyone else had a good result from one of these audits, or did I just get lucky?