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Economist explains: How banks rip you off 

Opes Partners
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Ever feel like you're being unfairly charged by your bank? You're not alone.
In this episode of Property Now, Ed, an economist with firsthand experience in the mortgage industry, examines the underlying reasons banks often seem to have the upper hand and how you can turn the tables.
From understanding the true cost of a mortgage to learning negotiation skills for better rates, Ed provides invaluable insights that could save you thousands.

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21 авг 2024

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Комментарии : 13   
@mackpang6367
@mackpang6367 Месяц назад
NZ banks are the 2nd most profitable banks in the world just behind Canada research done by S&P in 2023, which is not news!
@Dirty.H
@Dirty.H Месяц назад
I have several mates with mortgages that have no idea how much they are paying in interest.
@jamieoconnor4342
@jamieoconnor4342 Месяц назад
Big aussie banks making record profits! Dam straight we feel ripped off!
@glennhowlett2082
@glennhowlett2082 День назад
Here’s the interesting question about capital gain tax (which will come one day) does it take into account the money and interest you pay to the bank?
@adidutta2317
@adidutta2317 Месяц назад
Are you suggesting that banks are not price gouging even slightly with their interest rates? I'm surprised their profits have continued to soar even when there's not much new debt being created.
@yoyoyoyo91054
@yoyoyoyo91054 Месяц назад
HOLD UP, what happens if someone has multiple investment properties that are paying for themselves ( and still has mortgages )but “Me”the owner cant work anymore because of an injury or something? Are you telling me the banks will force me to sell because i no longer have an income? What happens if my income changes significantly and i choose to stop chasing the dollar but want to retain my properties because they are self funding? The Senario you gave in the video of the old couple seems abit off?
@JohnZoetebier
@JohnZoetebier 28 дней назад
Seems fishy to me too. Also, never ever put all your savings money in one bank. NZ does not have a bank guarantee, so you might lose all your savings in one go if the bank fails. This is not imaginary. Happens all the time in the US.
@MrKyneQ
@MrKyneQ Месяц назад
Is it better to pay down your OO or keep the funds to use as a deposit for an investment at another bank?
@markmonteiro2487
@markmonteiro2487 Месяц назад
I feel ripped out
@lw1267xjdbdj
@lw1267xjdbdj Месяц назад
Never spend more than the cash you have on hand
@strawboi
@strawboi Месяц назад
How about the interest you earn from the. Bank investment 😂😂😂😂
@markmonteiro2487
@markmonteiro2487 Месяц назад
Can I actually contact you to be my mortgage broker?
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