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    ING Direct Home Loans

    Had a deal that I had to try to refinance without a valuation upfront (for several reasons). Valuation came back at $50,000 less than expected. Desktop valuation confirmed the client's estimate but the valuer wouldn't have a bar of it. Sent him/her about 4-5 comparable sales that he wasn't even...
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    ING Direct Home Loans

    A valuation done before you apply for the loan.
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    ING Direct Home Loans

    Yep it is silly which is why I think a common sense approach need to be taken.
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    ING Direct Home Loans

    The reason is that there is no link between the actual borrowings and the end purpose.
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    ING Direct Home Loans

    Oh well that still has the same conclusion as you'd already have paid the app / annual fees etc. If a client of mine knew he was gonna do a loan increase later in LMI territory I personally wouldn't use ING for that reason described.
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    ING Direct Home Loans

    You could refi but then u gotta pay lmi all over again so it costs you a lot more.
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    ING Direct Home Loans

    Yes. Their cashout policy (especially on REF) is pretty crap so you can't unlock equity easily for the next one.
  8. A

    ING Direct Home Loans

    Did you pay LMI or the REF?
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