Australian Mortgage and Loan Information

Do you know the shocking truth about borrowing from a bank……

Over half of monthly bank statements contain errors!

Whether you deal with a mortgage broker, or one of the major lenders, have a standard variable home loan mortgage, fixed rate home loan mortgage, construction loan, line of credit home loan, debt consolidation home loan mortgage, credit card linked home loan mortgage, offset account linked homeloan mortgage, split home loan facility, reverse mortgage, homestart home loan mortgage, one year discount variable home loan, low doc home loan, no doc home loan, investment property mortgage, first homebuyers mortgage, first home buyers home loan and so on, you need to be diligent and on alert for loan statement errors. Check the historical rates over the last 40 years, you will see there are many opportunities for major lenders to make mistakes.

It has happened to me. My bank overcharged me, so………….

Never accept the repayments specified by your lender as being correct.

In November 2005 the National Australia Bank (NAB) admitted it had been overcharging 50,000 customers for about 13 years and that it was going to hand back $21.6 million dollars. In this instance the overcharging mistake largely affected business customers with fixed interest rate loans.

If you have a home loan with any lender including the major one’s like NAB, Westpac, CBA, St George, ANZ and Members Equity there is at least a 50% probability you may have been overcharged. Lenders do what they can to limit mistakes, but errors still occur.

I use Mortgage Watchdog, mortgage statement checking software to check my statements. It has served me well.

The banks do not want you to use this software because of the refunds they have had to make to users. If you have an existing mortgage then it will pay you to buy this particular mortgage calculator instead of using the free bank calculators. Not only can you do “what if” scenario’s but you can check whether the bank has been ripping you off with your existing mortgage and get a refund. More on the super Mortgage Calculator and Checker here…

The software has been seen on…
- A Current Affair
- Money
- 7:30 Report
- 4 Corners
- Today Tonight
and there are over 300,000 copies in use.

The Home Deluxe Bundle consists of the following programs:
1. The Home Loan Checker (checks the interest calculations on your home loan/mortgage, including line of credit loans)
2. The Investment Forecaster (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

They are also offering the following incentives to purchase: (Quoted from the Mortgage Watchdog website)

1)Bonus #1 How To Pay Off Your Home Loan In No Time Flat.
What better way to stop the banks making mistakes on your home loan than to not even have a home loan. Unfortunately this is the ONLY way to make sure they are not making errors on your statements.
“How to Pay Off Your Home Loan in No Time Flat” is loaded with the very best tips and tricks for paying off your home loan in the shortest possible time. Applying just one or two of these simple to implement ideas can take years off your home loan saving you thousands and thousands of dollars.
Alone this information is worth $59 but it’s yours FREE

Bonus #2 How To Instantly Add Over $10,000 To
Your Net Worth …. Guaranteed Gift Certificate.
Quick Facts: The Ombudsman’s report into property valuations found..
80% of properties are undervalued – that’s right, 4 out of 5 properties were given a lower value than they were really worth.
35% of sales valuation figures were wrong by more than 15% – if your property is worth $300,000 you have a 1 in 3 chance that your property valuation was wrong by over $45,000.
The EquityMagicPro system guarantees to increase your next home valuation by OVER $10,000. This system can be used on your existing home, your investment property or even a property you are about to buy. A higher valuation will mean reduced costs and more money you can use for your investing.

To submit a finance application without using this system can cost you thousands and thousands of dollars … and it may even show you some equity you didn’t even know you had.
We have arranged a $100 gift certificate for you to this “must have” system for anyone who owns real estate.

Bonus #3 Becoming Your Own Banker.
Discover How Financial Experts Have Robbed Your Power and Lied To YOU!
If you are reading these words you should be angry. Very, very angry! So-called financial experts have kept certain principles from you for years.
Secrets – important secrets that, had you known them, would have made your life much simpler and much more profitable.
Becoming Your Own Banker reveals secrets kept from you all these years because of the mindset that is predominant in the entire financial world.
Written originally as a textbook designed to accompany a 10-hour course, Becoming Your Own Banker is designed for the layman, not the financial professional. Learn how to put these secrets to work in everyday terms. . .not financial double-speak. Here is some of what is revealed to you:
$ How To Create Your Own Banking System
$ Five Methods of Financing Automobiles
$ How To Design an Insurance Plan that Solves the
Banking Function
$ Potential Sources of Capital
$ Playing The “Cash Flow” Game
$ The Cost of Acquisition
$ The Retirement Trap
. . .and so much more! There are 84 jam-packed pages containing financial blueprints that, if applied, can open up a whole new world for you and those you care about.
Discover for yourself, these important secrets and make your life much simpler and much more profitable. This brilliant ebook normally sells for $25, again, yours absolutely FREE when your place your order.

Bonus #4 Selling Your Own Home Made Easy.

Discover the secrets that real estate agents don’t want you to know!

Hey, let’s face it. There are certain situations in life that we just don’t feel equipped to handle. Like death, taxes and selling your property.

The truth is, there isn’t any mystery to selling your own home. You just need the right tools and information.

In a nutshell, you just need knowledge. And, you will find it in Selling Your Own Home Made Easy. Knowledge like:
$ How do I market my home?
$ How do I negotiate?
$ What are the financing options?
$ The answers to these burning questions and many more are just
waiting for you.
Another $25 value – yours FREE.

Bonus #5 Real Estate – With No Money Down.
Isn’t that the dream of most people? Unfortunately, home ownership is an illusive dream for millions of people.

The reason? Coming up with a large chunk of cash for the deposit.

How would you like to get information on 5 non-profit sources that will GIVE you the money for your deposit?

Do I have your attention? I thought so.

This innovative program is so new that most agents and loan officers don’t even know about it.

You can grab this information today and start moving into your new home just 60 days from now!

Don’t wait… make that dream a reality starting right now!
No – not $25 (the RRP) – yours FREE when you order!

Bonus #6 Fixer Upper Fortunes.
Unlike those pricey “infomercials” that you see on TV, “Fixer-Upper” properties will teach you exactly what you need to do
to amass a fortune buying and selling properties that need a little TLC.

Discover how and why it is that over 80% of all millionaires made their money in real estate.

Learn how to develop a winning “game plan”
Why you should only purchase “ugly ducklings”

Answers to these questions and hundreds more are available in “Fixer-Upper” properties.
Normally $25 – yours FREE when you order.
That’s $259 worth of FREE bonuses, yours to keep just for ordering the software!
At $198, this is by far the most cost effective way to check on the banks and get all your money back from them; plus $259 worth of insider knowledge just for ordering before August 11, 2008 . Better still you can order the software totally risk free with a $250 Success Guarantee (see details of this amazing guarantee below). Just compare it with the alternatives….
Do nothing and you are likely to pay 7 times this amount in overcharges this year.
Pay a statement checking company to check just 6 months of statements for you and you will spend more than double the cost of the software.
Ask your bank to check your statements for you and in just two hours you will be charged more than double the cost of the software.
There really is no comparison, Mortgage Watchdog is streets ahead of the alternatives.
Find errors in your bank statements or
We’ll give you $250 for wasting your time.

Be your own mortgage coach, help your familiy members, but check your statements.