Here in the US we have ARMs (adjustable rate mortgages) - usually they are rated by (fixed period/stepping rate) - the most common being a 5/1 ARM = 5y fixed + adjustable rate reset every year.
So is it the case that in NZ, if you refinance your mortgage, you typically get charged a significant fee?
So is it the case that in NZ, if you refinance your mortgage, you typically get charged a significant fee?