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Australian Loan and Mortgage Checking Software

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Mortgage Checker Software for Australians

Mortgage checking software has helped thousands of Australians get a refund from their bank as a result of the bank overcharging on mortgage repayments! Banks hate the software, but consumers and consumer advocates love it.

In May 2005 the Commonwealth and National Australia Banks each made refunds to 100,000 customers due to overcharging on loan fees.

In November 2006 Westpac refunded $8 million to 40,000 of its mortgage customers after finding they had been incorrectly charged over a number of years.

How many more loans are there out there where borrowers are overpaying the banks unnecessarily due to sloppy accounting?

When I took on a large amount of debt to buy multiple investment properties I looked for a way to monitor my repayments to make sure I wasn't being overcharged. I couldn't personally handle the complexity of the calculations required so I looked for some software that could. I found several programs that claimed to do what I wanted but one came with an outstanding guarantee, so I gave it a try. You can read about it below.

You can be confident you aren't paying an extra cent if you check your loan statements using mortgage checking software. If you do find errors and have been overpaying the banks, then the mortgage checker program will help you recover your money with accrued interest!

Mortgage Watchdog

Australian Mortgage Checking Software - Highly Recommended

Mortgage Watchdog software has been featured on...

- A Current Affair (see video below)
- Money
- 7:30 Report
- 4 Corners
- Today Tonight

and there are over 300,000 copies in use. Mortgage Watchdog assists you the borrower in the following ways:

1. Home Loan Checking (checks the interest calculations on your home loan/mortgage, including line of credit loans)
2. Investment Forecasting (shows the additional interest you may earn over a period of time at a certain rate of interest or at various rates of interest).
3. The Mistake Compounder (calculates what a bank error at some time in the past is actually worth now)
4. The Home Loan Forecaster (allows you to determine what your repayments would be at different interest rates, payment modes and loan amounts)
5. The Offset Account Checker (calculates the interest on your savings account that should be offset against your mortgage account)
6. The Effective Rate Converter (shows the "true rate" that your lender is charging)

Important Note: We liked this software so much we have organised a special discount for our visitors on this software but only through this link (if you go to the front of their site you will pay full price). Click here to find out how much money you are owed by your bank.

Mortgage Watchdog Video

See what A Current Affair had to say about Mortgage Watchdog

To watch the video press the play button in the centre of the screen. The video should start within a few seconds .. and it only goes for a few minutes.

Click here to get a discount on Mortgage Watchdog mortgage checking software.
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Mortgage Watchdog Guarantee

Why you can't lose if you use this software

Mortgage Watchdog guarantee that you will find errors in your bank statements or they will refund your purchase price and send you an additional $250 - that's how confident they are.

They have offered this Guarantee to over 10,500 customers and only 6 of them have had error free statements.

By ordering Mortgage Watchdog today only one of two things can happen and both of them result in you being better off financially.

1. Order the program, find the errors and get a cheque from your bank, or

2. Order the software find no errors and Mortgage Watchdog will write you a cheque,

You cannot lose! Beat the banks!

Home Loan Errors

Finding errors in your bank statements

Why you need to check your loan statements

Did you know that 54% of loan statements contain errors? It is much easier for banks to make mistakes on variable interest rate loans than fixed interest loans due to an added layer of complexity.

Every time you receive an account statement from your bank you should carefully check it. Most bank customers receive statements monthly so it is only a small job that needs doing once a month. If you are getting three-monthly statements, ask your bank if they can send them monthly.

With monthly bank statements most of the transactions will still be relatively fresh in your mind making checking straight forward. Look for any unusual transactions or withdrawals.

Be sure to check you are paying the agreed interest rate and that you are not paying for any services you don't require.

Are your loan repayments the correct amount and are they happening on the designated day.

It is very difficult to check interest rate payments on variable rate loans as there are numerous factors to consider. This is where a sophisticated computer program like Mortgage Watchdog greatly simplifies the process and gives the individual an advantage over the banks.

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Mortgage Checker Software Feedback

Let us know what you think

  • ShortSaleRealtor Oct 18, 2007 @ 8:07 pm | delete
    great lens 5 stars 4 u
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Mchecker

Buying investment properties increased my home loan borrowings to quite significant levels. I wanted to make sure that I wasn't paying one cent more... more »

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