ING for home loan?

[jzunic]

Has anyone used ING for a home loan?

We are looking to (finally) buy our first home, and are shopping around for mortgage rates. ING has very good rates (5.75% for 5/1 ARM), and I was hoping I could hear some experiences with them. We already have a savings account with them, and so far it's been good.

Are there any other recommendations for good mortgage rates? I checked out bankrate.com, but I wasn't familiar with most of the companies, and I'm a little hesistant to use them for this big purchase. Also, most of their rates weren't as straightforward as ING - some had higher closing costs, etc.

Thanks!
Jasmine

[34saving]

I think ING might be having a sale right now -- no closing costs . . . you might want to check on that if you decide to go with them.

[jzunic]

Yes, another positive reason to work with them.

I'm hoping someone on here has used them for a mortgage...

[SuzeOFan]

I've briefly looked into their terms for mortgages and it sounds like a good deal. But I think it's good only if you plan on reselling your home within the next 5-7 years.

It would have been a great deal for us when we bought our first home. We ended up selling 4 years later...!