Is 3% interest good for mortgage?

Right now, a good mortgage rate for a 15-year fixed loan might be in the high-3% range, while a good rate for a 30-year mortgage is in the high-4% or low-5% range.

What is the ING interest rate?

High variable interest rate. And no fees. With competitive ongoing rates, all your money goes towards your savings goals. Earn up to 1.35% p.a.

Does ING mortgage simplifier have an offset?

Another feature is the option to have a split account between fixed and variable rates, but take note that the Mortgage Simplifier doesn’t come with an offset account. You can also have flexibility in choosing between fortnightly or monthly repayments.

Did ING cut interest rates?

Canstar can reveal that, effective Thursday November 11, ING will decrease variable rates for principal and interest and interest-only loans for both owner-occupiers and investors borrowing at least $150,000, while hiking its two, three, four and five-year fixed rates.

Why does ING have high interest rates?

“In many ways, we now see that Filipinos have a higher awareness of the need to build their savings and keep an emergency fund. As an all-digital bank, we want to continue being our customers’ partner towards financial security. That is why we have decided to keep the ING savings interest rate at 4 percent per annum.

Are ING interest rates going up?

Effective from 10 May 2022, ING will increase its variable residential home loan interest rates by 0.25% p.a. for new and existing customers.

Is Orange advantage an offset account?

Orange Advantage is a variable rate home loan linked to a 100% interest offset account. Its main purpose is to reduce the interest charged, helping you save money and pay off your home loan sooner! With Orange Advantage, you’re able to have your income deposited into the offset account.

What is 100 offset interest?

A full offset account, sometimes called a 100% offset, allows you to use the interest you accrue on your funds to reduce the interest you pay each month on your loan. This means that every dollar in your offset account will be used against the balance of your home loan.