Breaking the Bank

Nimesh Patel and Toby Daglish

No 373000, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Since the recent economic downturn, many New Zealanders who've sought to refinance their mortgage or sell their house have been unpleasantly surprised to find that breaking the fixed term of the mortgage loan could cost them tens of thousands of dollars. But, while refinancing's become a gamble, it may sometimes be possible to beat the bank - or at least break even. Toby Daglish and Nimesh Patel investigate.

Date: 2010-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:373000

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