ing direct: Interesting Mortgage Option with SUPER Low Rate
- 06/17/10 03:15 AM
I received an email today from INGDirect touting a new mortgage product that they're offering. It's not for everyone, but for the right buyer it could be a sweet deal. The basic terms are as follows: 5 year loan term, with option to extend for 5 more years at then current rates 30 year amortization Free Bi-weekly payments to help pay down principal more quickly 25% down-payment required No points Available for loans up to $750,000 Ridiculously low 3.524% APR interest rate! I see this loan program as being ideal for a very specific type of borrower who fits the following (0 comments)