Comments on: Banks hit seniors with interest on fees http://www.reversemortgagewatch.com.au/equity-release-commentary/bank-fees-a-scandal/ Reverse Mortgage Watch Tue, 14 Oct 2008 04:46:07 +0000 http://wordpress.org/?v=2.3.3 By: Myrtle69 http://www.reversemortgagewatch.com.au/equity-release-commentary/bank-fees-a-scandal/#comment-107 Myrtle69 Tue, 22 Apr 2008 20:32:10 +0000 http://www.reversemortgagewatch.com.au/equity-release-commentary/bank-fees-a-scandal/#comment-107 We couldn't agree more!! Our friend had a reverse mortgage and had to pay $10 per month. She didn't understand that compound interest was accumulating on that fee. She was thrilled to find out from Seniors First that there are much better financial products available. We couldn’t agree more!! Our friend had a reverse mortgage and had to pay $10 per month. She didn’t understand that compound interest was accumulating on that fee. She was thrilled to find out from Seniors First that there are much better financial products available.

]]> By: jack64 http://www.reversemortgagewatch.com.au/equity-release-commentary/bank-fees-a-scandal/#comment-102 jack64 Tue, 22 Apr 2008 01:43:57 +0000 http://www.reversemortgagewatch.com.au/equity-release-commentary/bank-fees-a-scandal/#comment-102 Even without the compounding interest problem, $12 a month is a lot to charge a pensioner for any financial service. Even without the compounding interest problem, $12 a month is a lot to charge a pensioner for any financial service.

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