WARNING: Over 50% Of Mortgage Statements Have Hidden Fees

NAB & Bankwest Forced To Repay Customers: ASIC

Source: smh 02/17

Bank Refunds $4.9M After Overcharging Interest On Home Loans

Source: brokernews 02/17

ANZ To Refund $5 Million After Overcharging Low Income Customers

Source: heraldsun 03/16

The Facts You Need To Know

# Fact 1 – Banks Are Driven By Profits

• You will repay 2 to 3 times the amount you borrow unless you make extra payments
• After 22 years of paying your mortgage you will still have half the original amount you borrowed to pay off still

# Fact 2 – Banks Make Mistakes

• All Australian lenders have been caught overcharging clients millions of dollars
• A simple typing mistake or computer glitch is all it takes