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  1. #11
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    Yes we pay the same amount annually for our St. George loan. Pretty standard but it still sucks if you are not expecting it!

  2. #12
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    I always get these kind of bills taken from my cc to be safe

  3. #13
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    I have an anz breakfree account & pay a $375 fee every january. I was told about it when i signed up, but promptly forgot about it and was suprised the first year! I have all my bills for the year recorded on a spreadsheet where i also have my monthly budget recorded, so i can always see what is coming up now. It means i get no suprises!

  4. #14
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    What is the annual fee for? Is there a special feature your loan has?

    If you aren't on a fixed rate home loan, see a mortgage broker and get a better deal elsewhere. I don't pay any annual fees, have a great rate and an offset account. I'm with a credit union though.

    There's no reason to pay an annual fee on mortgages these days, just the big 4 ripping you off!

  5. #15
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    Quote Originally Posted by A-Squared View Post
    What is the annual fee for? Is there a special feature your loan has?

    If you aren't on a fixed rate home loan, see a mortgage broker and get a better deal elsewhere. I don't pay any annual fees, have a great rate and an offset account. I'm with a credit union though.

    There's no reason to pay an annual fee on mortgages these days, just the big 4 ripping you off!
    Often there is an annual fee associated with packaging other products in to one bundle, ie "fee free" transaction, savings accounts and frequent flyer credit cards etc plus it attracts a small saving off the loan's interest rate.

    Most banks offer it, when we were with NAB I think it was called choice package or something, it worked out better for us to do it that way due to the types of credit cards we have.

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  7. #16
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    Quote Originally Posted by GM01 View Post
    Often there is an annual fee associated with packaging other products in to one bundle, ie "fee free" transaction, savings accounts and frequent flyer credit cards etc plus it attracts a small saving off the loan's interest rate.

    Most banks offer it, when we were with NAB I think it was called choice package or something, it worked out better for us to do it that way due to the types of credit cards we have.
    We are the same. We pay a fee as well and refinanced recently as even with the annual fee we saved considerably overall in interest savings, fee free credit cards and a number of transaction accounts. Fee doesn't always mean you are being ripped off, depends on your individual needs.

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    A-Squared  (22-11-2014),MINIRoo  (23-11-2014)

  9. #17
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    I had a break free package too. The annual fee is documented, but I would always forget it too! You do get other perks from paying that fee. There are no monthly loan fees and you can change loan products once a year at no fee, amongst other things. It was worth the money for me.

  10. #18
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    Quote Originally Posted by [Mod] RaryGirl View Post
    We are the same. We pay a fee as well and refinanced recently as even with the annual fee we saved considerably overall in interest savings, fee free credit cards and a number of transaction accounts. Fee doesn't always mean you are being ripped off, depends on your individual needs.
    We don't have credit cards, so I never thought of that.

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    Crap, you've just reminded me that ours comes out in December!

  12. #20
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    Quote Originally Posted by Juzz View Post
    Is it for your annual fee in your mortgage? My mortgage documents advise my fee will be taken out on my loan anniversary each year...?
    Same here.


 

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