$49 2nd Mortgage Flat Fee

Do you know how much your home is worth? Would you like to turn your equity into cash that you can use for any purpose?

ditech’s low rate Home Equity loan with a Flat Fee of just $49 allows you to borrow up to 90% of your home’s equity. Use the money to consolidate debt or make home improvements and close your loan quickly and easily.

With a $49 Second Mortgage Flat Fee* you can:

  • Pay off credit card debt
  • Cash out equity
  • Lower payments

Why pay more?

Flat Fee Covers:

  • Credit Report
  • Title search
  • Recording fee
  • Flood Determination
  • Flood Certificate
  • Cost of appraisal up to $300

These are the fees not covered in the $49 Flat Fee:

  • Prepaid interest - This amount represents interest paid to the lender for the number of days remaining in the month you close. (This amount will change based on the final date of closing.)
  • Intangible, mortgage, property and transfer taxes - (determined by the local county, city or state taxing authority, where applicable)
  • Private mortgage insurance premiums (if applicable)
  • Homeowner/Hazard insurance on your home (house insurance on your new property.)
  • Monies required to fund any escrow or impound accounts.

*$49 Flat Fee is available only on a second mortgage loan in a second-lien position on owner-occupied single-family residential properties. The $49 Flat Fee covers the following credit report, title search, recording, flood determination, and flood certificate fees, and the cost of the appraisal up to $300; borrower is responsible for appraisal fees that exceed $300, mortgage tax, new loan interest costs, outstanding property liens, property taxes, property insurance, association fees, seller fees, buyers' title insurance, and certifications. Subject to underwriting approval. Not all applicants will be approved. Full documentation & property insurance required. Loan secured by a lien against your property. Some restrictions apply. Terms & conditions apply. For example, as of 9/06/07, a $100,000 loan amount with a $49 Flat Fee and financed at 10.375% interest (10.375% APR) for 15 years would result in 180 monthly principal and interest payments of $1,097.66. Your rate and term may vary. Call the number above for details.