Hi all,
A lurker for the past 12 months I've now finally joined this wonderful forum.
Early last year I bought my first property, a townhouse 5km from central Perth for 430k. This is currently my PPOR although it may become and IP down the track.
For my 90% LVR loan I was then more interested in low fees and went (via a mortgage broker) for the ING Direct "Mortgage Simplifier" loan. Now, after lurking here, I understand the benefits if interest only offset accounts and plan to change to the "Orange Advantage" loan. Changing to another ING Direct product will counter the need for a full loan application and a repeat dose of LMI (or equivalent).
I am still determining my investment strategy and at the moment my main interests are reducing the interest paid as fast as possible while still keeping my options open.
Does anybody have any experience with ING Direct loans in general and Orange Advantage in particular?
Thanks in advance,
Transformer
A lurker for the past 12 months I've now finally joined this wonderful forum.
Early last year I bought my first property, a townhouse 5km from central Perth for 430k. This is currently my PPOR although it may become and IP down the track.
For my 90% LVR loan I was then more interested in low fees and went (via a mortgage broker) for the ING Direct "Mortgage Simplifier" loan. Now, after lurking here, I understand the benefits if interest only offset accounts and plan to change to the "Orange Advantage" loan. Changing to another ING Direct product will counter the need for a full loan application and a repeat dose of LMI (or equivalent).
I am still determining my investment strategy and at the moment my main interests are reducing the interest paid as fast as possible while still keeping my options open.
Does anybody have any experience with ING Direct loans in general and Orange Advantage in particular?
Thanks in advance,
Transformer