ANZ break fees

[ChrisD]

I was trying to decide if I wanted to fix or not, and since I never did, I never got loan documentation from them detailing the T's and C's of fixed rate break fees. When I was discussing the option with them I wanted to be able to make an educated guess as to what my break fees might be should I break. The mortgage manager simply wouldn't offer up the equation. Point Blank refused.

What an obstinate prat he must have been. Their loss I suppose.

[AvatarX]

>> ChrisD & Robin McCandless

Hmm... it's quite unfortunate you got a bad apple; but to be frank, even if you had the formulae, i doubt it would be of much use at all: the formulae is so dependant on so many variables, you have to give a very specific scenario to get any sensible number out of it,

A real professional in loan structures should instead look to structure the loan(s) in away that's balanced and hopefully won't require you to break save the most extreme situation.