Looking into Refinance?

Mortgage Watchdog can save you money!

Refinance your mortgage and you could lose hundreds or even thousands of dollars in bank overcharges. When you refinance are bank errors going to cost you a fortune? How can you know for sure?

"54% of home loan statements contain errors."

Staggering isn't it? The Sydney Morning Herald commissioned a study into these errors. They checked over 200 bank statements form 18 different lenders and found that 54% of them contained errors. Hundreds of thousands of Australians are potentially affected by overcharges on their accounts. People who take the time to check their accounts are finding anything from a few hundred to a few thousand dollars in overcharges on their accounts.

If I refinance can I get my money back?

The good news is that before you refinance or even after you refinance you can still get your money back. When presented with the evidence from accurate and verifiable calculations your lender will return your money to your account. Even if you refinance with another lender and have paid out a mortgage you can still get your money back from your old lender.

It is quite common for errors to occur during the calculation of the final payout figure for a loan. One small businessman from regional NSW checked his old statements and discovered just under $100,000 in overcharges on a $150,000 loan. There are real windfall gains to be had for people who take the time to check.

More information on refinance errors.