ING Life to launch innovative mortgage loan

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2005-11-15 08:42

Seoul--(뉴스와이어)--Recently, those who purchased variable interest rate mortgage from financial institute experience adjustment to higher monthly payment because of rising market rate. Some of them seriously consider transferring to mortgage with fix interest rate. Under this situation, ING Life initiatives a sale of ING Home Plan, mortgage loan which enbles customers to smartly minimize risk from interest rate variation. This product features a fixed interest rate for maximum 30 years, the longest tenor. To cater to the needs of the more risk-prone borrowers, ING Life also commercializes 3-month Adjustable rate mortgages. attached to the 91-day CD rate.

Customers can make a payment with one of three available methods. One is constant payment mortgate(ING Prime Mortgage), the other way is interest-only mortgage during the first ten years, automatically converted to constant payment mortgage. And the last type is graduated payment mortgage in the first three years with approximately 5% of yearly increase of monthly payment, automatically converted to constant payment mortgage in remaining years. In order to remain as close as possible to customer needs, ING Life also offers the possibility to decrease or increase the monthly payment at any time and even stop principal repayments up to one year.

ING Life pays mortgage registration fee for existing ING Life customers without increasing interest rate if the applicant has been holding at least one in-force insurance policy and have been ING Life customers for more than 3 month.

You can also choose ING Home Protection Option with mortgage product, a term life insurance protecting the borrower from property loss in case of payment defalut due to contractor’s death or total permanent disability. ING Life grants a 0.1% discount on mortgage loans up to maturity provided that the face amount exceeds the initial loan amount, the policy period exceeds the tenor and the policy remains in force.

Collateral can be apartment, low-rise Dasedae, detached house in Seoul, Kyunggi and Incheon area and loan amount begins from 30million KRW. A minimum interest rate for ARM is 4.92%(as of 15.Nove) and 5.95% for FRM (as of 15 November).
Contact for more info : 1588-5005

신한라이프 개요
1987년에 설립된 이후 선진 금융 노하우를 바탕으로 지속적으로 성장해 온 오렌지라이프는 총 자산 규모 30조9004억원, 보험금 지급여력비율 287.7%(2017년 3월 말 기준)로 우수한 재무 건전성을 자랑하고 있다. 13년 연속 우수콜센터(KSQI)로 선정되는 등 고객 만족을 위한 지속적인 노력을 통해 '고객의 꿈을 위한 든든한 금융 파트너'로 자리매김하고 있다. 9월 3일 ING생명에서 오렌지라이프로 사명을 공식변경했다.

웹사이트: http://www.shinhanlife.co.kr