Once again, the popular media is full of claims that many home loan statements contain massive calculation errors. They say the simple mistakes banks and other lenders make are costing home loan borrowers big time. Incorrect date on entries, wrong interest rate, doubling up on fees and missing deposits seem to be the main culprits.
I feel like shouting at the TV when this stuff rears its head again. Get yourself some loan checking software please.
The software has been seen on…
A Current Affair
Money
7:30 Report
4 Corners
Today Tonight
If you don’t want to check your statements, be aware you may be paying a lot more of your hard earned cash to the bank than you need to. For goodness sake keep a close eye on your home loan statements.