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Ditech Mortgage - Ditech

       

No of Reviews : (3)
 
  Over all Rating
Coverage 20%
Cost 20%
Customer Service 13.3%
Claims 20%
   
 
 
   

All About Ditech Mortgage

The on line capabilities provided by Ditech Mortgage allow the customer to communicate with knowledgeable loan agents from home, work, or on the road. The firm offers a wide range of mortgage procedures including first mortgages, fixed rate second mortgage, variable rate equity mortgages, equity mortgages on credit, and also no closing cost mortgages. Since these mortgages are based on on line processing, their processing would be faster to maintain a better to serve the customers.

Proper evaluation of mortgage options can help households manage their financial priorities without exhausting emergency savings, delaying retirement or being forces into higher-interest alternatives like credit cards. The Ditech Mortgage survey also revealed that virtually all respondents have already paid off, or are confident they will pay off their mortgages. Despite chatter among skeptics in the industry, U.S. homeowners are looking to pay their homes off within a decade and are already more than halfway there.

Key findings that demonstrate this trend include:
1. Nine out of ten respondents have already paid off, or believe they will pay off, their mortgages
2. U.S. Homeowners surveyed have paid off an average of 53% of their total mortgage
3. 1 in 3 homeowners estimate they have less than $75,000 to pay off their mortgage
4. More than 1/4 of respondents (28%) believe they will pay off their mortgage within the next ten years.

Advantages of using Ditech Mortgage are:

  • Simple and Convenient
  • Competitive Rates
  • Fast and Easy
  • Lowest interest rate and fees

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      Reviews  
    Review By: Caridad J. Hilaire
    Location: Orlando, Florida
    Type of Mortgage:
    Date: 04-21-2010
       
       
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    Summary
    $27,000.00 HEL - Spent 7 years paying $237 a month - Paid $20,000.00 in interest at 9% - Condo was appraised by Ditech at $125,000.00. Had to move my mother, and purchased a house. Wanted to sell condo to my son - Never missed a payment for over 6 years - Was trying to work with Ditech for son to take over the mortgage - Owed Ditech 4 months $900 - Found a buyer for the condo, because I was not getting anywhere with transferring it to my son - Ditech was about to sale my mortgage to Green Tree, and I did not know - Sold condo after two years on the market for $39,000.00. DITECH had already hired an attorney, and I had to pay his fee. The realtor got $2,500, and I paid other expenses related to the closing. DITECH COLLECTED OVER $30,000.00 at closing, so I paid $50,000.00 for the Home Equity loan and got a few hundreds from the sale. The attorney in Fort Lauderdale told me that I will be getting a refund after I explained the situation to him, and I received in February 2010 four months later a check for $41.00. DITECH ADVERTISED A 5% RATE, AND I ENDED UP WITH A 9% ONE. I lost the condo, and I paid cash for it. Ditech would not collect $30,000.00 if it foreclosed, and is unfair. I saved it from foreclosure, and Ditech made me pay their lawyer $4,000.00 for a $900 debt. Ditech knew the property was on the market, and I had two buyers including my son. I give Ditech less than 0, and the company is DISHONEST. .
     
     
     
    Review By: anonymous
    Location: la, California
    Type of Mortgage:
    Date: 05-12-2009
       
       
    Coverage
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    Summary
    we thought we get the best deal around. The interest rate was pretty low and total point was very reasonable. We sign up with them and have the agreement signed in(locked agreement). Few months later and 5 days prior the closing deadline, they never called about the status of our loan so we have to call them and left a message but never return our call until we keep bugging to call regarding our loan application. So, finally we got their attention. They told us the APR has changed to 10% instead of 5% (as we agreed on and signed) and also the Interest Rate Locked Agreement has change to 4.785 Interest with a 2.250 total points which is not what we agreed on from the beginning. Now that we don't have enough time to extend the closing date, we have nothing but absolutely a total waste with this company. To all of you who are planning to buy a home or are planning to use their service, do not do it. You can get a better deal somewhere and what I mean is a real deal from other lenders who you can be trusted with no fly traps..
     
     
     
    Review By:
    Location: Crosby, Texas
    Type of Mortgage:
    Date: 02-26-2007
       
       
    Coverage
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    Summary
    This company said to weeks and more like 5 they can,t get it right..
     
     
     
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