Comments on: Disturbing Mortgage Ad from ING Direct

By: Ciera Ike

Ciera Ike — Mon, 23 Jan 2012 01:13:46 +0000

Zune and iPod: Most people compare the Zune to the Touch, but after seeing how slim and surprisingly small and light it is, I consider it to be a rather unique hybrid that combines qualities of both the Touch and the Nano. It’s very colorful and lovely OLED screen is slightly smaller than the touch screen, but the player itself feels quite a bit smaller and lighter. It weighs about 2/3 as much, and is noticeably smaller in width and height, while being just a hair thicker.

By: bob

bob — Tue, 05 Jul 2011 22:08:11 +0000

My point is if I HAVE THE MONEY I’m going to make my mortgage payment. ING can’t get money out of savings if there isn’t anything there. House payment is $326, I can’t find anywhere cheaper than that to live..

By: Bob

Bob — Thu, 21 Apr 2011 13:57:54 +0000

Was the $500 rate renew given in writing? If so, that’s just wrong of them to bait and switch you. On my Closing docs what I saw is what I got.

By: M

Thu, 21 Apr 2011 06:05:47 +0000

Thanks Bob. Now that is reasonable. We had a housing bubble; the banks with no regulations gave people loans for way more house than they could afford. My problem with ING is that I was lied to. When I signed up I was A paper and my house was worth way more my loan. I could have gone with any bank but I did not plan on being in my house for more than 5 years and a friend in the biz said ING was the way to go. I read everything which ING boils down very succinctly in their documents; I don’t remember any fine print. I thought I could use the rate renewal at any time for $500.00. Apparently there were stipulations I was not made aware of. I would have gladly paid .50% more for a fixed loan with my now hindsight vision. ING will probably themselves be upside down on this house – from what others have posted they don’t modify loans and are quite difficult to deal with on short sales.

By: Bob

Bob — Wed, 20 Apr 2011 13:03:31 +0000

FWIW most banks will scarf accounts that are at their bank to pay their loan. Car loans, credit cards, all of them. Read the fine print, it’s in there.

By: Bob

Bob — Wed, 20 Apr 2011 13:02:06 +0000

A lot of ppl use ARM’s as a way to get more house than they can really afford. I didn’t get all stupid with my mortgage, my loan payment is $326 with ING. I can’t find a tent for that, I’ll go mow lawns if I have to. Keep your mortgage under 2x your annual income and you will be OK. Few few foreclosures result when people start with loans at 2x their annual income or less. If you make $50k, don’t borrow over $100K.

By: M

Wed, 20 Apr 2011 04:44:26 +0000

I’m so glad that you have not been touched by the misfortunes of life such as unemployment or disability. I wonder what the real percentage of mortgage failure is because of “strategic defaults” vs. those pesky unemployment figures that don’t include those who no longer qualify for benefits and those who are underemployed. I hope ING squeezes out a tear for you should your fortunes change. I’m sure you will pay your mortgage before you feed your children.

By: Bob

Bob — Tue, 19 Apr 2011 21:26:08 +0000

If I have the money why wouldn’t I pay my mortgage? Ohh yeah I forgot about all the people doing “strategic defaults” in overinflated markets when prices come back to earth.

By: M

Tue, 19 Apr 2011 06:01:38 +0000

Please note that this article starts in 2008 and becomes current as you scroll down. Much has changed since 2008 – BEWARE ING. DO YOUR DUE DILIGENCE. ING is now found more as an online bank rather than the reputable Dutch bank it was when I refi’d. Some can benefit, some get screwed.

By: M

Tue, 19 Apr 2011 05:40:36 +0000

Good Luck. I just read that if you fall behind on your mortgage they will start taking money from your ING bank accounts to cover your mortgage. Better read the fine Orange print and keep your accounts separate.