ING Fixed Rate Home Loan
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
If you are looking for a home loan that gives you protection from rising interest rates and the predictability of knowing exactly what each repayment is going to be then you should look at the ING fixed rate home loan. This home loan offers you a choice of fixed rate terms from 1 to 5 years. After the selected term has ended your home loan will revert back to an ING mortgage simplifier Home loan.
Features and options available on the ING fixed rate home
Here is a brief summary of the main features and options that are available on an ING fixed rate home loan:
- Making payments at your frequency
You can make your repayments on the ING variable rate home loan either monthly or fortnightly. With different repayment frequencies available, you’re sure to find one that suits your financial situation and because payments are made by direct debit you don’t have to worry about having to remember when your payments are due because it’s automatic.
- Interest only
the interest only option from ING allows the home loan customer through reduce their repayments and free up some extra money by paying just the interest portion of their home loan repayments. Interest only option can be used for up to five years after which it will revert back to the standard principal and interest repayment option. It’s important to remember when using this option that for the selected term your home loan balance will not reduce.
- Making additional repayments
With the ING fixed rate home loan you get the opportunity of being able to make extra repayments up to $10,000 a year. This can be done by making extra repayments or just increasing the amount you pay each time, this is a great way to help you get ahead and to reduce the balance of your home loan faster saving you money on the interest that’s charged and taking years off the length of your home loan.
- Portability
This option allows the ING home loan customer to save or reduce the amount of fees that may be incurred if they decide to sell their current property and purchase a new one. This is essentially done by allowing the home loan customer to use the same loan on their new property.
- Splitting.
This allows the home loan customer to be able to take advantage of some of the other options that are available from ING that aren’t available on a fixed rate home loan. If for example you like the predictability of having a fixed rate loan but would like the flexibility of having a variable rate home loan you could split your loan into two. If you have a home loan of $500,000 you could have $400,000 on a fixed rate loan and have the remaining $100,000 on a variable rate home loan.
- Home loan suitability
The ING fixed rate home loan is available to people who would like to purchase residential property with a value between $50,000 and $2,000,000 with terms up to 30 years and a maximum LVR of 90% without mortgage insurance but you can borrow up to 90% with mortgage insurance.
If you like the sound of the ING fixed rate home loan then you should get in touch with Home Loan Finder via the online enquiry option or call and speak to one of our experts. Our home loan experts will be able to advise you on the correct home loan for your financial situation and secure you the best interest rates that are on offer.
Read the official terms and conditions
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