Comments on: ING DIRECT Easy Orange http://thebeststuff.net/2010/ing-direct-easy-orange/ the best stuff around Fri, 23 Sep 2011 19:33:25 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Newton Penny Pincher http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-90 Newton Penny Pincher Fri, 23 Sep 2011 19:33:25 +0000 http://thebeststuff.net/?p=22#comment-90 Like Bobby J we recently refinanced the remaining $79K on our mortgage with a 5 year Easy Orange at 2.99%. We took advantage of ING’s July 4 promotion of $1776 off closing costs, so basically the refi cost us nothing. Their customer service was very professional and coordinated, including the closing, which was done at our home in the evening. We also increased our bi-weekly payment amount so that the entire balance would be paid off in under 5 years, saving us several thousand dollars over our original 4.75% interest rate. We've always paid our insurance and property tax separate from our mortgage so were quite happy that ING doesn't escrow. Like Bobby J we recently refinanced the remaining $79K on our mortgage with a 5 year Easy Orange at 2.99%. We took advantage of ING’s July 4 promotion of $1776 off closing costs, so basically the refi cost us nothing. Their customer service was very professional and coordinated, including the closing, which was done at our home in the evening.
We also increased our bi-weekly payment amount so that the entire balance would be paid off in under 5 years, saving us several thousand dollars over our original 4.75% interest rate.

We’ve always paid our insurance and property tax separate from our mortgage so were quite happy that ING doesn’t escrow.

]]> By: bobby J http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-89 bobby J Sat, 10 Sep 2011 05:36:15 +0000 http://thebeststuff.net/?p=22#comment-89 I just got a mortgage refi with ING sept 9 2011. My current situation is as follows: Currently owe 70,000 on my mortgage. ING loan is a five year easy orange at 2.55% fixed. my Payments are $144 every two weeks. I have enough income to pay an extra 1000 to principal each month. So ruffly, my payments will be about $1288 each month. Ive calculated that I will have my loan paid off within 41/2 years . @ 2.5% I think it is a great fit for my situation. I just got a mortgage refi with ING sept 9 2011. My current situation is as follows:

Currently owe 70,000 on my mortgage.

ING loan is a five year easy orange at 2.55% fixed.

my Payments are $144 every two weeks.

I have enough income to pay an extra 1000 to principal each month.

So ruffly, my payments will be about $1288 each month.

Ive calculated that I will have my loan paid off within 41/2 years .

@ 2.5% I think it is a great fit for my situation.

]]> By: Greg http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-88 Greg Sat, 25 Jun 2011 14:46:28 +0000 http://thebeststuff.net/?p=22#comment-88 To everyone who is recommending this mortgage I would like to add a word of caution. Please think about what would happen if your financial situation changes within the next 5 years and you are suddenly not able to refinance your loan. You will LOSE YOUR HOUSE to ING. The balance of your loan is due after 5 years, so unless you can refinance or pay off the balance you are left in a pickle. Working in the mortgage industry, I have seen countless people go into foreclosure after taking these types of loans. Here are two very likely scenarios to consider: 1) credit score drops beneath 700. Medical emergency or other credit ruining event. 2) House value drops and your mortgage is greater than 80% of LTV. This product is ONLY for those of you with truly vast financial resources. To everyone who is recommending this mortgage I would like to add a word of caution. Please think about what would happen if your financial situation changes within the next 5 years and you are suddenly not able to refinance your loan. You will LOSE YOUR HOUSE to ING. The balance of your loan is due after 5 years, so unless you can refinance or pay off the balance you are left in a pickle. Working in the mortgage industry, I have seen countless people go into foreclosure after taking these types of loans. Here are two very likely scenarios to consider:

1) credit score drops beneath 700. Medical emergency or other credit ruining event.
2) House value drops and your mortgage is greater than 80% of LTV.

This product is ONLY for those of you with truly vast financial resources.

]]> By: admin http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-86 admin Thu, 02 Jun 2011 03:07:50 +0000 http://thebeststuff.net/?p=22#comment-86 No problem, glad to hear they resolved your complaint. No problem, glad to hear they resolved your complaint.

]]> By: Neal http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-85 Neal Wed, 01 Jun 2011 17:33:23 +0000 http://thebeststuff.net/?p=22#comment-85 ING has remedied the complaint listed above to my satisfaction. Moderator please remove. ING has remedied the complaint listed above to my satisfaction. Moderator please remove.

]]> By: admin http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-81 admin Sat, 15 Jan 2011 03:46:17 +0000 http://thebeststuff.net/?p=22#comment-81 Minimum would be a few weeks, but the actual time would be up to you. I was selling a house as well as buying, so there were a lot of other things that drove the timing for me. I did make a few phone calls to them to make sure things were moving along well, make sure they had everything they needed from me. They didn't seem so proactive to keep me in the loop, so initiating a few phone calls seemed to help. At least it increased my confidence that everything was in place before we arrived at the closing. Minimum would be a few weeks, but the actual time would be up to you. I was selling a house as well as buying, so there were a lot of other things that drove the timing for me. I did make a few phone calls to them to make sure things were moving along well, make sure they had everything they needed from me. They didn’t seem so proactive to keep me in the loop, so initiating a few phone calls seemed to help. At least it increased my confidence that everything was in place before we arrived at the closing.

]]> By: Tim http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-80 Tim Mon, 10 Jan 2011 19:01:27 +0000 http://thebeststuff.net/?p=22#comment-80 How long did the mortgage process take with ING... what date did you accept their loan offer and what date did you close? I'm in process now and they are being a bit vague on how long it should take. Only two steps remain, appraisal and final approval (closing). Curious if I should just be patient or start rattling the cage a little. Thanks! How long did the mortgage process take with ING… what date did you accept their loan offer and what date did you close? I’m in process now and they are being a bit vague on how long it should take. Only two steps remain, appraisal and final approval (closing). Curious if I should just be patient or start rattling the cage a little. Thanks!

]]> By: admin http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-79 admin Wed, 15 Dec 2010 03:24:16 +0000 http://thebeststuff.net/?p=22#comment-79 That is strange. Personally, I've found talking to a real person to be one of the easiest / best things about ING Direct. Rarely do I wait at all, and the people I speak with are based in the USA, so communication is not an issue. That is strange. Personally, I’ve found talking to a real person to be one of the easiest / best things about ING Direct. Rarely do I wait at all, and the people I speak with are based in the USA, so communication is not an issue.

]]> By: Dan - BankVibe http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-78 Dan - BankVibe Tue, 14 Dec 2010 21:28:21 +0000 http://thebeststuff.net/?p=22#comment-78 I've been hearing lately that ING's mortgage dept is understaffed. They do offer some of the best ARM rates around, but keep in mind it may be difficult to talk to someone in person. I’ve been hearing lately that ING’s mortgage dept is understaffed. They do offer some of the best ARM rates around, but keep in mind it may be difficult to talk to someone in person.

]]> By: Jeff http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-76 Jeff Sun, 03 Oct 2010 15:11:17 +0000 http://thebeststuff.net/?p=22#comment-76 Thanks. I wonder if you might be able to provide a sample run of numbers for this Easy Orange mortgage (refinance, actually, in my case), since I don't understand how it works. Thank you. Thanks. I wonder if you might be able to provide a sample run of numbers for this Easy Orange mortgage (refinance, actually, in my case), since I don’t understand how it works. Thank you.

]]> By: Jerry http://thebeststuff.net/2010/ing-direct-easy-orange/comment-page-1/#comment-70 Jerry Thu, 01 Jul 2010 17:57:11 +0000 http://thebeststuff.net/?p=22#comment-70 Looking for a mortage of $425.590 I live in Fountain Hills Maricopa county, Arizona. we are now paying $2917 per month. Would like to lower my rate to 3.5%. Looking for a mortage of $425.590 I live in Fountain Hills Maricopa county, Arizona. we are now paying $2917 per month.
Would like to lower my rate to 3.5%.

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