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 APR assumes: 15-year,
fixed-rate, 1st lien, purchase money mortgage on a Single Family,
primary residence; loan amount of $158,000.00;
loan-to-value ratio of 68%;
credit score of 735;
Debt-to-Income of 43% or less; loan closes on the last day of the month; and applicable (a) closing costs, (b) estimated monthly mortgage insurance premiums, and (c) points.
For example, as of 08/20/2017,
based on these assumptions, the repayment terms are 180 monthly principal and interest payments of $1,120.00.
30 Year Fixed
Advertised APR assumes: 30-year,
fixed-rate, 1st lien, purchase money mortgage on a Single Family,
primary residence; loan amount of $216,000.00;
loan-to-value ratio of 78%;
credit score of 740;
Debt-to-Income of 43% or less; loan closes on the last day of the month; and applicable (a) closing costs, (b) estimated monthly mortgage insurance premiums, and (c) points.
For example, as of 08/20/2017,
based on these assumptions, the repayment terms are 360 monthly principal and interest payments of $1,031.00.
FHA 30 Year Fixed
Advertised APR assumes: 30-year,
fixed-rate, 1st lien, purchase money mortgage on a Single Family,
primary residence; loan amount of $181,000.00;
loan-to-value ratio of 92%;
credit score of 665;
Debt-to-Income of 43% or less; loan closes on the last day of the month; and applicable (a) closing costs, (b) estimated monthly mortgage insurance premiums, and (c) points.
FHA loans require a one-time up-front mortgage insurance premium as well as monthly mortgage insurance premiums.
For example, as of 08/20/2017,
based on these assumptions, the repayment terms are 360 principal and interest payments of $812.00.
5 Year ARM
Advertised APR 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 94%; credit score of 665; debt-to-income of less than 42%; and monthly escrowing of taxes and insurance. For example, as of 5/15/17, on a 5/1 ARM, a $210000 loan amount financed at an initial rate of 3.875% (4.008% APR) with 0 point(s) and 25% down payment, would result in 60 monthly principal and interest payments of $987.50 followed by principal and interest payments (estimated based on current LIBOR index and margin) of $1000.53 for 299 months and $1002.47 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 4.036%, 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.
