ING Direct Action Equity

The ING Direct Action Equity Home Loan provides an option for borrowers who have already built up equity in their residence or investment property. It allows them to establish a line of credit. The funds made available through this resource can be used for almost any purpose.

You may use your equity to purchase an additional property, make investments in shares and other financial products, plan a holiday, or something else. By accessing the equity in your home you have a great way to create earning potential while take advantage of the benefits of this unique ING Direct loan product.

It is an excellent option if you owned a home for a while and you have considerable equity built up that you can use.

KEY BENEFITS

The ING Direct Action Equity Home Loan includes some of the following features:

Flexible Loan Term

This feature gives you the ability to determine the length of your loan term. It is entirely based on your need and ability to repay.

Interest Only

Your repayments with an equity home loan will be interest only. No principal repayment is involved.

Additional Payments

You can make additional payments on your mortgage at any time without paying penalties for early repayment.

No Fees

You do not have to pay monthly or annual fees. Additionally, you can make ten withdrawals from the account for free each month.

Split Loan Option

This gives you the option of splitting your loan into two different accounts in order to better manage their finances. In terms of equity accounts, you might divide the loan between business and personal purposes.