2007-08-01 03:54:19 · 4 answers · asked by patric 1 in Business & Finance ➔ Renting & Real Estate
Hey there..
I'm not familiar with Ditech... but i tried Lending tree once and felt it was a complete scam.
I have top tier credit and very good debt to income.(about 15% everything included)
I was looking to re-finance.. and had about 50% equity in my house.
two years ago the best fixed rate they brought back to me was 8 1/2 ... and then i was harrased endlessly... called everyday by a salesman trying to convince me it was the best rate i would get.
I ended up going thru my bank at 6.25....
2.25% spread is rediculous for a same -term loan.
I was left with the impression that i was routed to whoever gave the highest kickback....
If i ever try online again i will always have several other options in the works...
good rule of thumb is to always get multiple offers from multiple sources
2007-08-01 06:02:55 · answer #1 · answered by Ryan S 3 · 0⤊ 0⤋
Having a loan with Ditech and having top-shelf credit, I can attest to the fact that you CAN get the advertised rates. When I got my current mortgage through them, I actually beat the advertised rate by 1/4 point.
Of course not everyone will qualify for the best rates, but that concept applies with any lender, not just Ditech.
2007-08-01 04:30:43 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
They would not advertise a rate that they could not offer. Unfortunately, all of the stars have to be aligned to get it. People want the lowest rate. If they can get you to call and inquire, half their job is done. Hopefully, they realize that the costs are just as important.
2007-08-01 04:07:33 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Well you have to have great credit to get those rates. Ditech is no different than any other mortgage company.
2007-08-01 03:56:40 · answer #4 · answered by hirebookkeeper 6 · 0⤊ 0⤋