Just got my ANZ mortgage re-fixed Thursday, and not it's get lower?

Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.

Forums › Finance and wealth management › Just got my ANZ mortgage re-fixed Thursday, and not it's get lower?

1 | 2

pstar008

362 posts

Ultimate Geek

#2124067 12-Nov-2018 12:52

floydbloke:

Let us know how you get on.

If I read your first post correctly, the 'new' agreement doesn't take effect until Thursday, so would you have to pay a breakage fee for something that hasn't actually started yet? Sounds like you're dong the right thing by talking to them now. You obviously don't have much time. Can you talk to ANZ directly or are you dependent on your broker to move quickly as well?

Your are right, I don't think paying breakage fee make any sense either, given it's not event started yet. I'll wait for my broker to comes back to me, not impressed, but still trust them, to a degree.

pstar008

362 posts

Ultimate Geek

#2124214 12-Nov-2018 15:01

En, got called from my mortgage broker, inform me that there is paying a NUR of $5 required from ANZ, apparently bank still need cover it's cost if I ask for a better deal later if I already signed a contract to commit for an old deal. I decided go ahead, paying the NUR and get the new rate.

It not ideal, but still reasonable consider in other situation, by signing the contract I could be protected by a last minute rate hike.

eracode

Smpl Mnmlst
8867 posts

Uber Geek

ID Verified

Trusted

Subscriber

#2124215 12-Nov-2018 15:03

What is NUR?

Sometimes I just sit and think. Other times I just sit.

pstar008

362 posts

Ultimate Geek

#2124218 12-Nov-2018 15:12

eracode: What is NUR?

It's mentions from the mail forward from Bank, don't know, I also called the mortgage broker, none the wiser.

floydbloke

3523 posts

Uber Geek

ID Verified

#2124221 12-Nov-2018 15:20

pstar008:
eracode: What is NUR?

It's mentions from the mail forward from Bank, don't know, I also called the mortgage broker, none the wiser.

Found it. Non Utilisation Recovery
https://www.google.co.nz/url?sa=t&source=web&rct=j&url=https://www.anz.co.nz/resources/2/7/27cb76f2-90eb-40b7-b321-c095621b437d/Reserve-Rate-Agreement.pdf&ved=2ahUKEwjoo6ab5M3eAhXJZSsKHVidCU8QFjABegQIARAB&usg=AOvVaw0q-aVE9VoppfSyYQHlzt02

Is it really only 5 bucks?

Did Eric Clapton really think she looked wonderful...or was it after the 15th outfit she tried on and he just wanted to get to the party and get a drink?

pstar008

362 posts

Ultimate Geek

#2124231 12-Nov-2018 15:43

floydbloke:
pstar008:

eracode: What is NUR?

It's mentions from the mail forward from Bank, don't know, I also called the mortgage broker, none the wiser.

Found it. Non Utilisation Recovery
https://www.google.co.nz/url?sa=t&source=web&rct=j&url=https://www.anz.co.nz/resources/2/7/27cb76f2-90eb-40b7-b321-c095621b437d/Reserve-Rate-Agreement.pdf&ved=2ahUKEwjoo6ab5M3eAhXJZSsKHVidCU8QFjABegQIARAB&usg=AOvVaw0q-aVE9VoppfSyYQHlzt02

Is it really only 5 bucks?

Good detective work!

From email:

"Thank you for your enquiry into NUR for the above customers, I can now confirm that the following amounts would apply if the customers were to break their rates today.

probably my loan number? – under $5"

Don't understand the $5 amount either.