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Homeownership & Mortgage Topics In Depth

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.

Escrow

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.

UNDERSTANDING ESCROW

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

Lender-Placed Insurance

People use many different terms to refer to insurance that a bank or mortgage servicer places on a house. Learn about lender-placed insurancecreditor-placed insurance, or force-placed insurance here.

UNDERSTANDING LENDER-PLACED INSURANCE

Refinancing

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.

REFINANCE

Your Statements

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

Payoff

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

Subordination

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.

SUBORDINATION REQUESTS

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

Mortgage Glossary

Find out what it means fast. Use this handy glossary to find definitions of commonly used home lending terms.

MORTGAGE GLOSSARY
Digital Alerts are Here!

Reminders make life easier. Sign up for free alerts from ditech. You’ll receive an alert each time we post your payment, and other helpful notifications.

Log in to MyAccount and click on Messages & Alerts to manage your alerts.

You can access your mortgage account information online — safely and securely.

The first step is to create an online account that gives you secure access.

Our Hours

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Saturday8am - 5pm ET

Sunday*1pm - 5pm ET

*Sunday Hours: Home Loan Specialists available for new loan applications only. Associates are not available for questions about existing accounts or applications in progress.

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