Hi everyone. I am interested in purchasing some mortgage checking software, and I would appreciate any recommendation or advice on preferred software.
Cheers
Mark.
[biggrin]Unless you are an active mortgage broker, there is no point purchasing loan comparison software. It is expensive and requires ongoing charges to maintain the updates as things change daily.
What is it you want to do as there may be other alternatives??? – eg: use a broker!
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksThanks for the input, but perhaps my question was not clear.
Recently there has been some software programs reviewed on some television programs; software programs that allow the user to check their existing mortgage payments and re-payments against the banks calculations to check if the bank has made any errors or overcharges.
It is this software that I am interested in.
All input appreciated.
Cheers Mark
there is a program called mortgage watchdog.com.au
you can purchase over the net.it costs me 165 dollars..and you get a number of ebooks that l didnt find to interesting due to them being from the states..the program is easy to understand and they guarantee youre money back if the banks arnt wrong and have not over charged you..after checking my statements l found that one month they have over charged and the next undercharged so it worked out that l had not been taken to the cleaners so l emailed them saying l was dissapointed and wanted my money back got no reply..I must say that they would be returning a lot of money. My loan is spot on every month. It is difficult to get it wrong when it is interest only and a set repayment through direct debit.
Mark, I am sure any mortgag broker would be happy to check for you. There are not many errors they can make.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksThank for your reply. I guess that answers my question.
Cheers
Mark
[biggrin]Just check the interest is being calculated properly. A Principal and Interest repayment is a little harder to calculate than Interest Only but it is really all you have to check. If other fees or charges appear, you can check those as they arise.
There are some calculators at the link below that might help and they are FREE to use…
http://www.mortgagepackaging.com.au/tma/index_files/tools_and_calculators.htm
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksI purchased one of those programs years ago. I changed computers a few times and have lost the ‘key’ so can’t use it anymore. Of those statements that I did check, I never found any errors.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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