Variable Rate Home Loan - ING DIRECT - Mortgage Simplifier

Comparison Rate	5.60%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,146.90
Total Amount Paid Est.	$412,920
Establishment Fee	$0.00

5.59%

Target Market
Borrowers requiring a competitive variable interest rate loan with a ,
wide range of flexible features, at no additional cost.

Acceptable Income
Applicant Types: ,
PAYG Income Earners ,
Self Employed ,
Retirees evidence of ongoing capacity to repay after retirement is mandatory.

Home Loan Loan Term
Loan Term Up to 30 years.

Home Loan Loan Size
Minimum $50K ,
Maximum Loan - $2,000,000 for total facility if within ING DIRECT credit criteria. ,
Higher amounts may be available, subject to individual assessment ,
and stricter credit criteria.

Home Loan Repayment Type
Principal & Interest ,
Interest Only

Repayment Options
P&I - Fortnightly or Monthly ,
Interest Only - Monthly ,
Additional repayments permitted

Extra Repayments
Yes.

Split Loan Facility
Yes, subject to approval ,
In any combination, the highest of the application fees is payable for the first loan. For all subsequent loans in a combination ie. 2nd and 3rd loan ,
an additional fee of $100 per loan is payable. ,
Construction Loans cannot be combined with any other loan type. ,
Minimum of $50,000 per loan in a combination.

Offset
Not applicable.

Redraw Facility
No minimum amount. Nil Redraw Fee.

LVR for Variable Rate Home Loan - ING DIRECT - Mortgage Simplifier

LVR without Mortgage Insurance up to 80% ,
LVR with Mortgage Insurance: ,
Up to 90% for Owner Occupier plus capitalised LMI Premium ,
Up to 90% for Investment Loans plus capitalised LMI Premiums ,
Refer to Special Lenders Criteria for details. ,
,
Reduced Equity Fee (REF): ,
LVR with REF Maximum up to 90% (including capitalised REF premium). ,
REF is available as an alternative to LMI to borrowers that meet more stringent credit criteria and are borrowing >80% of the property value. It is generally cheaper than LMI and is available on all Full Doc products.

Fees for Variable Rate Home Loan - ING DIRECT - Mortgage Simplifier

Application Fee - Nil ,
Account Keeping Fee - $0 ,
Additional Valuations fees commence at $200 for a standard valuation which are paid upfront, Refer to Postcode Valuation Costs in the INGD Loan Applications folder. ,
A legal fee of $220 minimum applies and is charged directly by the solicitor (displayed as Mortgage Preparation). Additional fees may be payable, for further information please consult your local INGD BDM or refer to ING DIRECT’s Pre-Settlement Fees & Charges brochure. ,
Fees for Changes to the Letter of Offer - $250 applies to make changes to the Letter of Offer between disclosure date and settlement. ,
Increase/Decrease $100 ,
Deferred Establishment Fee: ,
1 Year $1400 ,
2 Year $1050 ,
3 Year $700 ,
4 Year $350