Bank errors can occur at all stages of your home loan application and administration. Home Loan Bank Errors are costly.
A little bit of homework before you commit to a home loan can save you hundreds of dollars per month on your mortgage payments. Using free home loan calculators like the Commonwealth Banks home loan calculator will help you get a quick understanding of your required budget and provide some evidence in case a bank tries to overcharge.
Playing around with the figures will also let you know the result of future interest rate rises.
There are other free calculators available including personal loan and debt consolidation all worth a look.
Another calculator that can save you money is the Mortgage Watchdog home loan statement checker. You can download a free trial and check your statements for errors very easily.