Banks are a business and exist to make a profit by selling you products, which may or may not be the best financial solution for you.

Here are 10 Secrets from Bankers that they don’t tell you:

• Banks don’t tell you if there are better suited loan products for you offered by their competitors
• Bankers are incentivised to sell you as many products as possible
• There are 3 doors into a bank- The front door for retail customers, the Business Branch for Investors and Business and the Institutional Branch, where large corporations and all the very big players go.
• Mortgage rates are always negotiable- banks would rather drop their rates a little than lose business
• Offset accounts are better than a term deposit as it effectively, earns you the interest rate on your mortgage and makes you more money than a savings account or term deposit.
• Bank Fees are where banks make most of their money
• Certain fees can be waived if you ask- so ASK
• Bank employees are not trained financial advisers
• Bank employees don’t approve your loans, the “system” does. Your information is fed into a computer and the application is determined on the numbers.
• Always shop around for the best loans and financial products- loyalty to one institution does not always guarantee you a good deal

• Are you sick of handing over income from your Residential investments directly to a Property Manager?

• Use RealRenta instead and get your rental income paid directly into your Bank Account.
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