• What We Offer
• Buying a Home
• Switching Your Mortgage
• Adding to Your Mortgage
• Getting a Home Equity Line of Credit
• Get a Mortgage in 4 Easy Steps

• Print It!

Getting a Home Equity Line of Credit

Most of us want to avoid debt, but sometimes there are good reasons why we need to borrow money. It's a part of everyday life, and that's okay, as long as debt doesn't get out of control.

Debt should not be a burden you're stuck with forever. If you're going to borrow, there is a smart and affordable way to do it - a way that doesn't saddle you with oppressive, high interest rates and no end in sight.

The ING DIRECT Home Equity Line of Credit helps you borrow at a low interest rate by using the equity you've built in your home. And, most importantly, we've designed the ING DIRECT Home Equity Line of Credit so that it's easy to pay off, because we know you'll want to get back to building your savings as soon as possible.

So, say goodbye to those high interest credit card balances, and consolidate your debts with the ING DIRECT Home Equity Line of Credit. Apply online or call one of our Mortgage Account Representatives who will be there to help you along the way.

Borrow Smarter, Not Harder!

A Great Low Rate

We know that every penny not spent is a penny earned! So instead of putting your hard earned pennies towards paying high interest rates, take out an ING DIRECT Home Equity Line of Credit, and get one of the lowest rates available on a loan anywhere. Our current rate is  (ING Prime, plus 0.65%). Please note ING Prime is subject to change. Interest is accrued daily on any outstanding balance and is charged on the 21st of each month.

The Best Debt Is No Debt

With our Fixed Payback Plan, you can set up regular fixed payments to help pay off your Account faster, and not get tempted by just making minimum payments. You can also decrease your limit online, which helps you avoid borrowing more than you really need. Plus, we'll never pressure you to take on more debt.

Is it for you?

The ING DIRECT Home Equity Line of Credit may be a good option for you if you've built up at least 20% of equity in your home. It's not for everyone, but it can be a great solution, depending on your circumstances.

One of our knowledgeable Direct Associates will be happy to talk to you to help you decide whether an ING DIRECT Home Equity Line of Credit is right for you.

Practice Safe Credit

We're the bank for Savers. We don't believe in unnecessary debt. So in our view, you should never use your ING DIRECT Home Equity Line of Credit to pay for day-to-day purchases, or to get items you really don't need. It's convenient to access, but it's not meant for daily purchases - We've got other products to help with that, like our THRiVE Chequing^™ Account!

Smart Borrowing

There are lots of reasons why borrowing using an ING DIRECT Home Equity Line of Credit makes sense. Use your Home Equity Line of Credit to pay off higher interest rate debts, like credit cards, car loans, or unsecured lines of credit. Or, use it for larger expenses like home improvements that may help to increase the value of your home.  

Simple Application

We all lead busy lives. Who wants to spend hours completing paperwork? The ING DIRECT Home Equity Line of Credit application has been designed with the busy person in mind. It's quick and easy. Complete it online, or call us and we'll be happy to take your application over the phone, helping you every step of the way.

Safe & Secure

We take security seriously. Your ING DIRECT Home Equity Line of Credit comes with our industry-leading Security Guarantee.

Online Access

You can make lump sum payments, set up reoccurring payments, withdraw funds, and make changes to your ING DIRECT Home Equity Line of Credit online 24/7. If you have a THRiVE Chequing^™ Account, it's super easy to move money between your Home Equity Line of Credit Account and your THRiVE Chequing Account either online or on a mobile device, so that you can make payments, withdraw money, write cheques, issue drafts and much more.

Find out more about...

• How much you can afford
• What we offer
• Four easy steps to getting a Home Equity Line of Credit for your new home

 

Mortgage and other loan rates are annual rates and are subject to change without notice and are current as of today's date.

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