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No for the LMI waiver. The specifications of the offer are in my original post.

Quick clarification for the brokers if you're writing this product... The max LVR is 90% inclusive of LMI. LMI is $1 (they're not basing it on the normal LMI). Calculate 90% of the property value and subtract $1 and you should be okay.

Serviceability policies, cash out policies, full assessment policies; all contribute to making ING a non ideal lender for investors. I'm happy to walk you through their calculators and policies, compare them with other lenders and it's very clear why the brokers are saying they're not an...

One little word (purchase) changes the meaning a fair bit. Easy to miss. :( Like CJay, I don't see this as a big deal. Getting a 90% refinance through ING is not exactly simple.

We're not talking about commercial loans. The offer is a massive LMI waiver and commercial loans are not mortgage insured. ING do have an excellent commercial product. Again their servicing and policy model is very conservative, but the fees, charges, rates, LVRs and terms are quite...

It just means that if you want to access your equity in the future, you may have to refinance again. You need to consider that this may cost time, money and opportunity if you're not prepared. There's quite a few good things to say about ING. They're consistently competitive, they try to do...

Unfortunately that approach falls very flat when they want to go back and access their equity a few years later. :( ING are either a set and forget or just don't bother at all type lender.

No idea, but ING does require a re-assessment of the application to do this. This gives them a few options: * Simply don't allow owner occupied LMI loans to be interest only as a matter of policy. * New loan, new LMI policy (charged in full). There's actually a lot of people who read the forum...

Just got a very interesting flyer from ING. I'd heard that they were making some changes to their LMI policies, but I didn't see this coming: Keep in mind that ING isn't exactly a preferred lender for investors, this is for owner occupied property only and the loans must be principal &...