The minimum time it takes for us to fund a mortgage is 10 to 15 business days; however, if there are special circumstances you can give us a call at 1-866-700-4604 and we'll discuss your options.

ING DIRECT, the minimum mortgage amount and maximum amortization period offered is $50,000 and 40 years respectively.

ING DIRECT offers a 5 year closed Variable Rate Mortgage, with an interest rate that is 0.90% below the ING prime rate. At any time, you can convert the variable term into a fixed rate term of 3 years or more without charge. The 25/25 Prepayment Options are available on the Variable Rate Mortgage.

If you are pre-approved for an unmortgage, we will guarantee your rate for 120 days. Naturally, if rates go down during that period, you will get the lowest rate.

There is no easy answer and the time will vary considerably from case to case.

RSP (Retirement Savings Plan) is a federally registered tax-deferral plan designed to encourage Canadians to save for their retirement. Funds and interest earned on investments are tax-sheltered as long as the earnings stay in the plan. ING DIRECT provides RSP Investment Savings Accounts and RSP GICs across Canada, and RSP Mutual Funds in most provinces. Mutual funds are offered by ING DIRECT Funds Limited, a wholly-owned subsidiary of ING Bank of Canada.

When adding money to your mortgage, you can access up to 95% of the value of the property. For example, if the property is worth $100,000 you might be able to borrow up to $95,000. For debt consolidation, home renovations etc., you also have the option to increase the amortization period up to a maximum of 40 years to keep your regular mortgage payments low.

The first step in getting a mortgage with ING DIRECT is to complete an application over the phone or online. The application is normally decisioned within 1 to 2 business days. Once the application is approved, a dedicated mortgage specialist is assigned to help you every step of the way and collect the necessary information. Afterwards, you will meet with your lawyer to sign the mortgage documentation and finalize the mortgage.

You do not have to worry about informing your existing lender. Once you have authorized us, we will request a payout statement and payout the mortgage with your existing lender. There should not be any penalty involved with your existing lender if your mortgage is coming up for renewal. However, there may be a penalty if you are breaking a term with your existing lender. ING DIRECT will not cover the penalty, discharge fees etc.

with all other products from ING DIRECT, there are no fees or service charges to apply for a mortgage with ING DIRECT. Like all mortgages, there are other expenses associated with purchasing a new home or adding to an existing mortgage. To help, we have developed a handy closing cost checklist which will help you estimate the total cost of buying a home. ING DIRECT gets the property appraised through independent and accredited appraisers on its approved list.

The mortgage payments can be made from any designated bank account. You can either make payments from an ING DIRECT Investment Savings Account or your external bank account, the choice is yours.

ING DIRECT offers mortgages on properties that are zoned residential (up to 4 units). There are a few specific types of properties that ING DIRECT does not offer financing on. These include agricultural, commercial and co-operative properties, mobile homes or log cabins. Please call us at 1-866-700-4604 if you have a question about your property and whether ING DIRECT can provide financing.

For self-employed people, ING DIRECT offers a special product. To qualify for this product at least one applicant must be self-employed or have 100% commission based income. Under this product, applicant(s) are not required to confirm net or gross income but must confirm their status as self-employed and that they have no income tax arrears.

ING DIRECT currently has no special product for new immigrants; however you can call and discuss your situation with a dedicated mortgage specialist.

A RIF is a Retirement Income Fund that is "registered" with the Canada Customs and Revenue Agency (CCRA). A RIF is usually started at age 71 (the age RSP's must be terminated) and allows for continued growth while providing an income stream. By December 31 in the year you turn 71, you must terminate your RSPs. You have different investment options, one of which is a RIF. A RIF provides a way to continue deferring tax until you withdraw the funds.

please note - If funds are being used to pay human subjects, the applicaton can not be processed unless accompanied by the currently approved IRB Approval Notice and the Human Consent forms.) Department completes new "Petty Cash Fund" application (To obtain an application see prior faq or contact Patricia Romero) Application is reviewed for completeness and forward to Assistant Vice Chancellor's Office for approval Completion of the steps above generally takes around fourteen days.

Your ING DIRECT card allows you to withdraw cash from your ING DIRECT account(s) at any bank machine. When using one of our ABMs, you can withdraw Canadian and US cash, check account balances, and change your card PIN. Only one card can be issued to each Client and can access a maximum of 3 accounts: 1 CAD ISA, 1 USD ISA, and 1 Credit Account. There cannot be more than 1 ISA attached to the card at one time. On the ABM screen, the ISA is 'Savings' and the Credit Account is 'Chequing'.

The minimum down payment on owner-occupied property must be 5% of the purchase price. On rental properties, the minimum down payment has to be 20% of the purchase price with ING DIRECT.

Your authorization for direct deposit remains in effect with ASIFlex until you change or revoke that authorization. ASIFlex does retain direct deposit information from Plan Year to Plan Year unless notified of a change by the participant.