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Breaking the Bank

Author

Listed:
  • Nimesh Patel
  • Toby Daglish

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.

Suggested Citation

  • Nimesh Patel & Toby Daglish, 2010. "Breaking the Bank," Competition & Regulation Times 373000, New Zealand Institute for the Study of Competition and Regulation.
  • Handle: RePEc:vuw:vuwcrt:373000
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    File URL: https://ojs.victoria.ac.nz/crt/article/view/3730
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