Disclosures and Assumptions
Application is required and is subject to credit review and approval. Full documentation required. Not all applicants will be approved. Loan secured by a lien against your property. Fees & charges apply and may vary by State, product, and loan amount. Terms, conditions & limitations apply. Additional payments of taxes & property insurance are required. Rates shown are those at which loans offered by ditech are currently being closed or committed, but they are subject to change without notice and may not be available at loan commitment, lock-in or closing. You may be required to lock in a rate when you apply. Refinancing may increase the length of your loan and the total amount of interest you pay over the life of your loan. Important information relating specifically to your loan will be contained in the loan documents, which alone will establish your rights and obligations under the loan plan. Call for details.
15 Year Fixed
Advertised rate assumes: 15-year, fixed-rate, 1st lien, purchase money mortgage on a Single Family, primary residence; loan amount of $193,200.00; loan-to-value ratio of 65%; credit score of 720; DTI of less than 43%; and monthly escrowing of taxes & insurance. For example, as of 09/28/2016, a $193,200.00 loan amount financed at 2.875% (2.975% APR) with 0.0 point(s) and 35.00% down payment, would result in 180 monthly principal and interest payments of $1,323.00.
30 Year Fixed
Advertised rate assumes: 30-year, fixed-rate, 1st lien, purchase money mortgage on a Single Family, primary residence; loan amount of $193,200.00; loan-to-value ratio of 70%; credit score of 720; DTI of less than 43%; and monthly escrowing of taxes & insurance. For example, as of 09/28/2016, a $193,200.00 loan amount financed at 3.5% (3.556% APR) with 0.0 point(s) and 30.00% down payment, would result in 360 monthly principal and interest payments of $868.00.
FHA 30 Year Fixed
Advertised rate assumes: 30-year, fixed-rate, 1st lien, purchase money mortgage on a Single Family, primary residence; loan amount of $165,000.00; loan-to-value ratio of 95%; credit score of 700; DTI of less than 43%; and monthly escrowing of taxes & insurance. For example, as of 09/28/2016, a $165,000.00 loan amount financed at 3.25% (4.243% APR) with 0.0 point(s) and 5.00% down payment, would result in 360 monthly principal and interest payments of $718.00.
FHA loans require a one-time up-front mortgage insurance premium as well as monthly mortgage insurance premiums, paid by the borrower. Monthly payments shown do not include amounts for taxes and insurance premiums, so your actual payment obligation will be greater.
VA 30 Year Fixed
Advertised rate assumes: 30-year, fixed-rate, 1st lien, purchase money mortgage on a Single Family, primary residence; loan amount of $180,000.00; loan-to-value ratio of 94%; credit score of 700; DTI of less than 43%; and monthly escrowing of taxes & insurance. For example, as of 09/28/2016, a $180,000.00 loan amount financed at 3.25% (3.484% APR) with 0.0 point(s) and 6.00% down payment, would result in 360 monthly principal and interest payments of $783.00.
5 Year ARM
Advertised rate assumes: 30-year, adjustable-rate, 1st lien, purchase money mortgage on a single-family, primary residence; loan amount of $210000; loan-to-value ratio of 75%; credit score of 720; DTI of less than 43%; and monthly escrowing of taxes and insurance. For example, as of 11/16/15, on a 5/1 ARM, a $210000 loan amount financed at an initial rate of 3.25% (3.247% APR) with 0.35 point(s) and 25% down payment, would result in 60 monthly principal and interest payments of $913.93 followed by principal and interest payments (estimated based on current LIBOR index and margin) of $901.60 for 299 months and $900.71 for 1 month. The initial rate is fixed for the first 60 months and may change at the end of that time and every 12 months thereafter. The fully-indexed interest rate is 3.183%, which is the current LIBOR index plus the margin, prior to applying any periodic or lifetime rate caps.
Maximum initial interest rate change is 2 percentage points; maximum annual interest rate change thereafter is 2 percentage points; maximum lifetime interest rate change is 5 percentage points.
