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ING DIRECT slashes the posted five-year fixed mortgage rate of major banks by 1.45 percent
TORONTO, Sept. 7 ING DIRECT, Canada's largest DIRECT bank,
announced today that it has slashed its five-year fixed posted mortgage rate
so that it is now 1.45 percent lower than the average posted rate of the big
banks, once again allowing consumers to save thousands of dollars in interest
over the life of their mortgage. ING DIRECT is committed to always giving
Canadians their lowest rate, wherever and whenever they can - without hassle.
A rate 1.45 percent lower means that an ING DIRECT client could save up to
,222 over the lifetime of a 0,000 mortgage amortized over 25 years. ING
DIRECT's new five-year fixed mortgage rate is 5.35% percent.
ING DIRECT turned the Canadian mortgage market upside down in 2001 by
actually giving consumers their best rates up front and an uncomplicated
mortgage focused on saving consumers money. The ING DIRECT unmortgage(R) is
designed to help Canadians repay their mortgage faster and put more money in
their pockets on a daily basis.
With an ING DIRECT unmortgage(R) clients can:
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- Pay up to 25 percent of their original principal each year penalty-
free
- Increase regular payments by up to 25 percent on any regularly
scheduled payment date - no waiting for an anniversary date
- Access competitive mortgage rates without hassle
Effective immediately, ING DIRECT is also pleased to offer
highly-competitive unmortgage(R) rates on other mortgage terms:
1 year fixed 5.40%
3 year fixed 5.45%
5 year fixed 5.35%
5 year variable 5.20%
10 year fixed 5.85%
>>
ING DIRECT is the operating name for ING Bank of Canada. The ING DIRECT
brand stands for high-value, simple-to-use products that help Canadians save
their money by offering high interest rates on deposits with no fees or
service charges, and low rates on loans and mortgages. ING DIRECT is a
Canadian bank with over 1.4 million Canadian customers and more than
billion in total assets. ING DIRECT is a member of ING Group N.V., one of the
top 20 financial services organizations in the world.
A mortgage broker with MyMortgageBC.com is great way to access mortgages at ING Direct. |
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