The same is true of refinancing at a different bank from the one that currently holds your mortgage, or trying to persuade a new bank to give you a business loan.
These costs aren't trivial: a 2001 study showed that the cost of switching a loan came to about a third of the loan's annual interest rate.
When asked about the terms and conditions of the loan Georges said: "I was told by Nick di Girolamo they were in mediation with Sydney Water and I got a bit excited because Sydney Water is a big utilities company.
He said a 2010 contract headed "Sale of Shares" really recorded a loan to his close friend, the then AWH chief executive Girolamo.
A further payment of $486,000 was an additional loan, not an investment in AWH, he said.
"Sounds like a pretty good loan, doesn't it?" counsel assisting the commission, Geoffrey Watson, SC, said.
Maguire, on loan from Aberdeen, put Jimmy Calderwood's side ahead from close range in the 32nd minute after Paul Gallacher spilled a tame shot from Craig Bryson.
He ended the testimony saying the family, especially his father, had not been about the loan.
When he read the document which lay out the conditions of the loan in the hearing, Paul called it a "pretty silly document" because the loan was unsecured.
When asked if the family had allowed di Girolamo to escape the consequences of the loan as Eddie junior had taken responsibility for it, Paul replied that the two were very close: "I sometimes think he treats me like his step-brother and Nick like his real brother".
Often the only source of emergency cash is loan sharks, increasingly big business in Kenya, with borrowers signing ambiguous photocopied contracts and tying themselves into interest rates of 50% or more.
