Mortgage Watchdog Software

Ronulas

• 15th Sep, 2006

• #1

Hi all,

Has anyone invested in this piece of software?

If so, is it worth it and how much did you claim back from the banks?

Thinking of purchasing.

Thanks

 

Rixter

• 15th Sep, 2006

• #2

I have a spreadsheet I use to keep the banks/lenders honest.

Simply enter the monthly statement details in.

 

Simon

• 15th Sep, 2006

• #3

Rixter said:

I have a spreadsheet I use to keep the banks/lenders honest.

Simply enter the monthly statement details in.

Click to expand...

Did you find discrepancies?

 

Ronulas

• 15th Sep, 2006

• #4

Hi Simon,

Havn't purchased yet. Just thinking about it. Wanted some opinions. I thought of just making my own spreadsheet but I think the bank would spend more time checking my formulas than the figures.

At least the banks recognise this program. Plus the time it would take to make is far more important to me than the cost of the product. Plus its tax deductable

 

Ronulas

• 15th Sep, 2006

• #5

Just did a search on the forums and it has been discussed quite alot actually. Although some time ago.

Seems most comments were fairly negative which surprised me.

 

DaleGG

• 15th Sep, 2006

• #6

Hi

I have the software and have had it for about 8 or 9 years now.
I have rarely found any discrepancies at all.

Dale

 

Rixter

• 15th Sep, 2006

• #7

Simon said:

Did you find discrepancies?

Click to expand...

I havent found any to date.

 

R

Rolf Latham

• 15th Sep, 2006

• #8

Hiya

Often Smoke and mirrors......................

Im surprised we dont yet have a gadget you put on the end of the petrol nozzle while filling up to make sure you arent being "ripped"

There are lots of these "scare marketing" type produts out there.

ta
rolf

 

DavidMc

• 16th Sep, 2006

• #9

Rolf Latham said:

There are lots of these "scare marketing" type produts out there.

Click to expand...

I agree. Although, it's always good to do a manual check. I had an offset account that wasn't offsetting... resulting in over $5k overcharged interest.

Just a end of year 'ball park' figure should suffice, I don't think you need this software. When you do your tax just do a quick 'loan amount * average interest rate for the year' to see if it comes close to what you actually paid.