[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/truthgroup.com.au\/2024\/12\/26\/if-you-think-your-bank-is-ripping-you-off-you-are-probably-right\/#BlogPosting","mainEntityOfPage":"https:\/\/truthgroup.com.au\/2024\/12\/26\/if-you-think-your-bank-is-ripping-you-off-you-are-probably-right\/","headline":"IF YOU THINK YOUR BANK IS RIPPING YOU OFF, YOU ARE PROBABLY RIGHT.","name":"IF YOU THINK YOUR BANK IS RIPPING YOU OFF, YOU ARE PROBABLY RIGHT.","description":"Is my Bank Overcharging Me? Watch this video on YouTube. A 30 Minute Online Mortgage Makeover Will Show You Exactly How Much Extra You Have Been Paying And How To Put That Money Back In Your Pocket.\u00a0 ACCC tells mortgage borrowers to switch banks An inquiry conducted by the&nbsp;Australian Competition &amp; Consumer Commission (ACCC) found \u2026 <a class=\"read-more\" href=\"https:\/\/truthgroup.com.au\/2024\/12\/26\/if-you-think-your-bank-is-ripping-you-off-you-are-probably-right\/\" aria-label=\"Read more about IF YOU THINK YOUR BANK IS RIPPING YOU OFF, YOU ARE PROBABLY RIGHT.\">Read: IF YOU THINK YOUR BANK IS RIPPING YOU OFF, YOU ARE PROBABLY RIGHT.<\/a>","datePublished":"2024-12-26","dateModified":"2024-12-26","author":{"@type":"Person","@id":"https:\/\/truthgroup.com.au\/author\/nicholasparpistruthpropertycomau\/#Person","name":"Nicholas Parpis","url":"https:\/\/truthgroup.com.au\/author\/nicholasparpistruthpropertycomau\/","identifier":216551164,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/f6058d552df68dbaf53120d13f9e89fc9834e3e1ba22039065b40df84bd9df29?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f6058d552df68dbaf53120d13f9e89fc9834e3e1ba22039065b40df84bd9df29?s=96&d=identicon&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Truth Group Pty 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Back In Your Pocket. \nACCC tells mortgage borrowers to switch banks\nAn inquiry conducted by the Australian Competition & Consumer Commission (ACCC) found that Australia\u2019s five biggest banks are charging loyal home loan borrowers significantly higher interest rates than new customers.\n\nThe ANZ, Commonwealth Bank, Macquarie Bank, NAB , and Westpac charged existing borrowers an average of 32 basis points more than new borrowers.\n\nA discount of 32 basis points for a $375,000 mortgage, equates to a saving of $1,200 in interest during the first year, according to the ACCC.\n\nThis is just one of the findings from the interim report of the Residential Mortgage Price Inquiry, which is being conducted by the ACCC under instruction from the federal government.\n\nDownload the original ACCC reports by filling in form by clicking here.\nBook your Online Mortgage Makeover Here https:\/\/share.hsforms.com\/14uSM1wxkQS6V2JCvq-7O_gbs9lb \n\nIn just 30 minutes I\u2019ll be able to tell you exactly how much money you could potentially put back in your pocket.\n\nhttps:\/\/truthgroup.com.au\/contact-truth-group-the-exclusive-buyers-agent-today\/\n\n#MortgageMakeover #propertygoals  #smartinvesting  #homeloanhelp  #mortgagesolutions  #PropertyBuyingMadeEasy #financetips  #investmentstrategy  #SaveOnLoans #dreamhomejourney  #LoanExperts #realestatetips  #MortgagePlanner #SmartPropertyMoves","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/T-rU6xsVGos\/default.jpg","https:\/\/i.ytimg.com\/vi\/T-rU6xsVGos\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/T-rU6xsVGos\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/T-rU6xsVGos\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/T-rU6xsVGos\/maxresdefault.jpg"],"uploadDate":"2024-12-26T05:56:05+00:00","duration":"PT4M11S","embedUrl":"https:\/\/www.youtube.com\/embed\/T-rU6xsVGos","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCl_CSrwS5ltS8cuq5VYEvxg#Organization","url":"https:\/\/www.youtube.com\/channel\/UCl_CSrwS5ltS8cuq5VYEvxg","name":"Truth Group Pty Ltd","description":"Truth Group is a Sydney Buyers Agent and Mortgage Broker helping home buyers, first home buyers and property investors make smarter property decisions.\n\nI\u2019m Niko, a licensed Buyers Agent based in Sydney, helping clients find the right property, negotiate confidently and structure their finance correctly.\n\nOn this channel you\u2019ll discover:\n\n\ud83c\udfe1 Sydney Buyers Agent advice\n\u2022 What properties are really worth\n\u2022 Sydney suburb comparisons\n\u2022 Auction and negotiation strategies\n\u2022 First home buyer tips\n\u2022 Property buying mistakes to avoid\n\n\ud83d\udcb0 Mortgage & Finance Guidance\n\u2022 Home loans and refinancing\n\u2022 Borrowing power strategies\n\u2022 Preparing to buy property\n\u2022 Understanding lender requirements\n\nWe help clients with:\n\u2705 Established homes\n\u2705 House & land packages\n\u2705 Investment properties\n\u2705 Residential & commercial property\n\u2705 Home loan solutions\n\nServing Sydney and Australia-wide.\n\n\ud83d\udccd Hoxton Park, Sydney\n\ud83c\udf10 truthgroup.com.au\n\nSubscribe for weekly Sydney property insights, buyer strategies and finance 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Post"],"wordCount":259,"keywords":["#FinanceTips","#PropertyGoals","DreamHomeJourney","homeloanhelp","InvestmentStrategy","LoanExperts","MortgageMakeover","MortgagePlanner","MortgageSolutions","PropertyBuyingMadeEasy","RealEstateTips","SaveOnLoans","SmartInvesting","SmartPropertyMoves"],"articleBody":"Is my Bank Overcharging Me? Watch this video on YouTube.A 30 Minute Online Mortgage Makeover Will Show You Exactly How Much Extra You Have Been Paying And How To Put That Money Back In Your Pocket.\u00a0ACCC tells mortgage borrowers to switch banksAn inquiry conducted by the&nbsp;Australian Competition &amp; Consumer Commission (ACCC) found that Australia\u2019s five biggest banks are charging loyal home loan borrowers significantly higher interest rates than new customers. If you think your bank is ripping you off, keep reading.The ANZ,&nbsp;Commonwealth Bank,&nbsp;Macquarie Bank,&nbsp;NAB&nbsp;, and&nbsp;Westpac&nbsp;charged existing borrowers an average of 32 basis points more than new borrowers.IF YOU THINK YOUR BANK IS RIPPING YOU OFF, then a discount of 32 basis points for a $375,000 mortgage equates to a saving of $1,200 in interest during the first year, according to the ACCC.This is just one of the findings from the&nbsp;interim report&nbsp;of the&nbsp;Residential Mortgage Price Inquiry, which is being conducted by the ACCC under instruction from the federal government. If you think your bank is ripping you off, this information could be crucial.Download the original ACCC reports by filling in form by clicking here.Book your Online Mortgage Makeover HereIn just 30 minutes I\u2019ll be able to tell you exactly how much money you could potentially put back in your pocket. IF YOU THINK YOUR BANK IS RIPPING YOU OFF, contact us today.#MortgageMakeover #propertygoals #smartinvesting #homeloanhelp #mortgagesolutions #PropertyBuyingMadeEasy #financetips #investmentstrategy #SaveOnLoans #dreamhomejourney #LoanExperts #realestatetips #MortgagePlanner #SmartPropertyMoves"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2024","item":"https:\/\/truthgroup.com.au\/2024\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"12","item":"https:\/\/truthgroup.com.au\/2024\/\/12\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"26","item":"https:\/\/truthgroup.com.au\/2024\/\/12\/\/26\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"IF YOU THINK YOUR BANK IS RIPPING YOU OFF, YOU ARE PROBABLY RIGHT.","item":"https:\/\/truthgroup.com.au\/2024\/12\/26\/if-you-think-your-bank-is-ripping-you-off-you-are-probably-right\/#breadcrumbitem"}]}]