If anyone out there has applied for a mortgage with ING Direct would you mind posting your thoughts here. A very kind reader named Evy left me a comment, so I took a look this evening. Their mortgage rates are rock bottom but they are not fixed for the life of the loan. I’d love to hear from any of you that might have gone through the ING process and actually acquired a mortgage.
Ruby Leigh
Sunday 15th of November 2009
I applied for a ING Direct mortgage a while ago, and it was a very easy and customer friendly process. That's all I can say, because I did not continue with the process, as it did not make sense at the time. I will say that you need to have at least 25% equity to make use of it though.
Anonymous
Monday 9th of November 2009
In my opinion, no reason for an ARM right now. If your reader can not afford the mortgage with a fixed rate, there's rarely a reason to go for an ARM.
Rates won't stay this low forever...
One Frugal Girl
Sunday 8th of November 2009
Thanks Sense! I'll take a look.
Sense
Sunday 8th of November 2009
Trent at The Simple Dollar answered a question about these loans--and said that they were ARM's. You can search his site and get his take on them, if you value his opinion.