Mortgage Audit Program

"Mortgage errors & bank misteaks are costing

homeowners thousands EVERY DAY.

Have you checked your mortgage statements for errors?

Track Your Mortgage... and Keep a Complete and Accurate Record MortgageAuditProgram will record all your mortgage and loan details, together with interest rate changes, balances, and statement information.

Most importantly, all types of transactions (including extra repayments, fees, taxes, and interest charges), allowing you to keep a complete and accurate record of all your loans.

Ideal for the homeowner or property investor

"... let us help you Track, Audit, Summarize and Plan Your Mortgage"

Signing up for a mortgage is one of the biggest financial decisions you will ever make, and with a little planning and discipline you can turn it, and your home, into one of your most successful long-term investments.

Unfortunately, from the moment you drawdown your mortgage your lender takes control.

Your lender will:

Tell you how much to repay, and how often.
Track and manage your repayments.
Calculate your interest charges and fees.

But what if they get it wrong? We all make mistekes, and your lender is no exception. A simple human error or computer glitch can add thousands in interest to your mortgage if left undetected.

And, what if their repayment schedule isn't right for you? Lenders like you to pay off your mortgage over the full term of the loan, however cutting just a few years off your loan can save you thousands in interest charges.

So what should you do? It's never too late to give your mortgage and loans a health check.

Five Steps To A Healthier Mortgage

Check for Lender Mistakes

Make Extra Repayments

Have All the Facts

Know What Your Loans Are Costing

Accurately Track Your Loans

You should audit your bank statements at least once a year, but as frequently as monthly or bi-weekly if you have a complex loan with many transactions (for example, a line of credit mortgage)
Therefore, depending on the complexity of your loan, you may wish to audit your mortgage somewhere between once a month and once a year. If you choose to audit just once a year, then you may wish to perform additional checks when major events take place, such as a change in interest rates, switching loan products or making additional repayments.

"DID YOU KNOW? ... An interest rate incorrectly entered as 7.69% instead of 6.79% will result in an overcharge of more than $54,000 in interest over the life of a loan (based on a 30-year 250,000 mortgage)."

Plan for the Future