Earliest oriented for the California in the 1995, Ditech changed each other the no. 1 ownership and you can place given that coming so you’re able to prominence from the later nineties, that have five years spent out of the industries after the subprime homes crisis.
Ditech Mortgage loan Insights
Regardless of if Ditech has not yet going offering jumbo money, the business provides individuals which have an or fairly comprehensive selection of traditional and you can government-supported mortgages, together with fixed and you can varying-price fund, as well as FHA and you may Virtual assistant finance.
Fixed-Price Mortgage loans
A fixed-price mortgage allows individuals setting the rate and you will monthly dominating and you can attract to stay a similar along side very existence of your mortgage. Ditech gives the collection of a beneficial 15-12 months or 31-year fixed-speed financial, and that requires individuals to pay off the borrowed funds by simply making fixed monthly premiums over fifteen otherwise 30 years, correspondingly. Fixed-rate mortgages are generally required to people just who want to sit in their house having eight years otherwise lengthened, and you will exactly who choose the balances regarding repaired money.