ING home loans, am I missing something?

[DawnM]

What is per annum?

Dawn

Also, I wonder if PA means 'per annum'...

 

[buzz5985]

My ING home page has an ad for an ARM of 3.125%

What is per annum?

Dawn

2.99%, 3.050% APR. Must have 20% equity in home. That is a 5 year fixed rate, biweekly mortgage.

It's geared more to people like me that only have about $10,000 left on their mortgage. I will be DONE OCTOBER 2012!!!! Three years from early retirement at 55. Yeah baby!!!!!

 

[Swimalie]

2.99%, 3.050% APR. Must have 20% equity in home. That is a 5 year fixed rate, biweekly mortgage.

It's geared more to people like me that only have about $10,000 left on their mortgage. I will be DONE OCTOBER 2012!!!! Three years from early retirement at 55. Yeah baby!!!!!

I think the 5 and 10 year fixed rate mortgages are geared for people who have great credit. I went through their "what's best for you" calculator and they recommended the 5 and 10 year ones. Sadly, I wish we had done it last year when we refinanced. And we have $253,000 left on our mortgage but have more than 20% equity even with losing $140,000 on the value since we bought.

 

[Princesca]

Per annum would mean per year, but I don't really know what the implications of that would be. We've only ever had 30-year fixed mortgages. I know Dave Ramsey recommends the 15, but with the economy being so unstable, I am more comfortable with smaller payments and I know I have the discipline to make extra payments and get it done early.

 

[DawnM]

This is what I was looking at I think:

http://www.ingdirect.com.au/home_loans/interest_rates.htm

We don't want a 5 year rate only.....we want fixed, so ING is probably not for us.

Dawn

 

[Debbie]

Dawn, when I followed your link, I was in "Australia". So, I went to the US site and I found THIS LINK. I don't know if that helps you in your search or not, but. . . .

 

[DawnM]

Really? Well, I have NO idea how I found it then.

Dawn, when I followed your link, I was in "Australia". So, I went to the US site and I found THIS LINK. I don't know if that helps you in your search or not, but. . . .

 

[Swimalie]

Really? Well, I have NO idea how I found it then.

That explains the difference in your rates. I'm glad the US is lower.

 

[pangur]

That's what the "AU" in ING.com.AU means.

 

[DawnM]

So strange, because I followed the link that was sent to me in an email from ING!

Thankfully, we are not moving to to Aus. anytime soon.

Dawn

That explains the difference in your rates. I'm glad the US is lower.