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ING - UNMORTGAGE

Unmortgage is just another mortgage product offered by ING Direct. They have confused many people with this new "brand name". It's not not a reverse mortgage, its not a mortgage out of this world, it is just another mortgage product. It does have some good features attached to it. ING DIRECT UNMORTGAGE offers many payment frequencies, which include monthly, bi-weekly and accelerated bi-weekly. Many other banks offer the same type of options. In fact, many lenders also offer the option of weekly payments. Unmortgage also offers flexible terms (1-10yrs), amortization periods and prepayment options just like any other lender. ING also advertises best rates and terms, but I don't think they can beat all lenders out there all the time. If you are looking for a mortgage that offers the best interest rate at good terms, I recommend that you talk to your mortgage broker. The Mortgage Group in Vancouver has access to many lenders and mortgage products including ING's UNMORTGAGE.

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