Homeownership is rewarding and complicated. It’s also a big investment. Knowing more will help you make informed decisions about your home.
If you’re interested in learning more about homeownership and mortgage topics, you’ve come to the right place. Come back any time to browse in-depth information about mortgages, taxes, escrow, refinancing, payoff, insurance, and other personal finance topics.
What is escrow? First, not every ditech customer has an escrow account. If you do have one, it’s always a good idea to understand how escrow works. You can find in-depth escrow information here.
Private mortgage insurance, or PMI
PMI is a special kind of insurance that lenders apply to mortgage loans with a lower down payment, less than 20% of the total mortgage. Understanding PMI will help you answer questions like, “Can PMI be removed?” or “What’s the difference between PMI and MIP?”
UNDERSTANDING PRIVATE MORTGAGE INSURANCE OR PMI
People use many different terms to refer to insurance that a bank or mortgage servicer places on a house. Learn about lender-placed insurance, creditor-placed insurance, or force-placed insurance here.
UNDERSTANDING LENDER-PLACED INSURANCE
There are good reasons to take advantage of ditech refinance programs. Qualified borrowers may refinance to reduce mortgage payments by reducing total amount of interest, or to cash out for college or home improvement projects. Get all the refinancing information you need at the link below.
Your ditech mortgage and escrow statements hold a lot of important financial information. To learn more about this information, explore our useful guides to reading your statements.
HOW TO READ YOUR MORTGAGE STATEMENT
| HOW TO READ YOUR ESCROW STATEMENT
Thinking about paying off your loan? Congratulations! Visit our Payoff page to learn about the payoff process, timeline, instructions, contact information, and requirements.
PAYING OFF MY LOAN
Preventing Mortgage Scams and Foreclosure Fraud
Protect your home and your identity by learning how to recognize the signs of mortgage and foreclosure scams. We’ve compiled a list of tips to help you avoid becoming a victim of scammers.
BEWARE OF MORTGAGE SCAMS
Assuming a Loan
Assuming a mortgage loan is sometimes a good solution for transferring property, but it’s not possible for all loans or all situations. Learn more about loan assumptions here.
ASSUMING A LOAN
If you want to refinance your home and you have more than one mortgage or lien on your property, you might need a subordination agreement. Learn about subordination and making a ditech subordination request.
Frequently Asked Questions
For quick info on many topics, visit the frequently asked questions on our Frequently Asked Questions page. Our FAQs give you the specific answers you need, as well as helpful links and related information.
FREQUENTLY ASKED QUESTIONS OR FAQS
Find out what it means fast. Use this handy glossary to find definitions of commonly used home lending terms.