Mortgage News

Banks accused of conning borrowers

Friday 5th of November 2004

Resi Mortgage Corporation director Ros Kirkland said borrowers who followed the advice of the big four trading banks to fix their mortgage interest were now regretting their decision.

"With repayments for fixed rate mortgages falling in an interest rate war between the banks, borrowers who fixed their mortgages earlier are unable to take advanta...

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