Fixed Rate Mortgage

A fixed rate mortgage lets you set the interest rate and monthly principal & interest (P&I) payment for the life of your loan. Advantages of a ditech fixed rate mortgage include:

  • A low, fixed interest rate
  • The stability of a fixed monthly P&I payment
  • The option to secure an even lower interest rate with discount points
  • A down payment as low as 5 to 20% of the home’s value (if you are buying a home)
  • No prepayment penalty if you pay your loan off early
  • Flexible loan terms ranging from 10 to 30 years in 5-year increments

A fixed rate mortgage may be right for you if you are refinancing and:

  • You have a high interest rate and want to lower it
  • You have an adjustable rate mortgage and prefer the stability of fixed P&I payments
  • You want to lower your P&I payment or shorten the term of your loan
  • You want to get cash out for home improvements, debt consolidation or college tuition
  • You plan to stay in your home for 7 years or longer

Home Loan Specialist can help you decide which loan option is right for you.


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Refinance FAQs

Can I get cash out of my home by refinancing?

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If you're a ditech Customer, you can find the answer in your SmartWatch report. To view your report now, log in to MyAccount.

Can I reduce my loan payment by refinancing?

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If you're a ditech Customer, you can find the answer in your SmartWatch report. To view your report now, log in to MyAccount.

Can I refinance if I've had "bad credit" in the past?

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Possibly. Your credit score is only one of the factors taken into account when you apply for a refinance loan. We also look at your employment history, income, debt and cash reserves.

Can I refinance if my home has gone down in value?

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Even if your current mortgage balance is more than your home is worth, you may still be able to refinance and lower your monthly payment. Contact a Home Loan Specialist today to talk through your options.

Can I refinance my current manufactured home loan?

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We offer the choice of an FHA loan or a conventional mortgage of up to 30 years for the purpose of refinancing an existing manufactured home. ditech’s manufactured home loans cover both the home and the home site.

Can I refinance or assume the mortgage as a widow/widower?

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Many homeowners refinance after the death of a spouse or co-borrower. If you plan to refinance, submit a certified copy of your spouse’s death certificate with your County Recorder’s office, if the office has not already recorded it.

Taking this step will not affect the existing mortgage, but it does permit you to seek refinancing under your name. As a full-service mortgage company, we do offer refinancing options. Please visit the Home Refinance page to explore all your refinancing options, or call us at 1-800-700-9212.

To learn more about loan assumptions, visit our Assuming a loan page.

Can I save on interest by refinancing?

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If you're a ditech Customer, you can find the answer in your SmartWatch report. To view your report now, log in to MyAccount.

Do I need to get an appraisal when I refinance?

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It depends, but in many cases, an appraisal is required. Learn more about appraisals.

Do I qualify for a VA loan?

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If you are a military service member, veteran or surviving spouse of a veteran, you may be eligible for a VA loan.

Do I qualify for the Home Affordable Refinance Program (HARP)?

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You may be eligible for HARP if your mortgage is owned by either Fannie Mae or Freddie Mac and you are current with your mortgage payments. Call 1-800-700-9212 now to find out if you qualify for HARP.

What are the benefits of refinancing?

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You can refinance to lower your principal & interest (P&I) payment, pay off your loan sooner, get cash out of your home, or switch from an adjustable rate to a fixed rate. Get started now – call a Home Loan Specialist at 1-800-700-9212.

What are the closing costs involved in refinancing?

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Closing costs vary and are determined by mortgage type and where you live. These typically include lender fees and third party fees, such as for an appraisal and title insurance. Click here for a list of closing costs.

What if I've fallen behind on my payments?

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We can help you find a program that fits your particular situation and see if you qualify for a refinance or loan modification. Call a Home Loan Specialist at 1-800-700-9212.

What is a cash-out refinance mortgage?

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Cash-out refinancing is borrowing money from the equity in your home based on its current value. For example, if your home is valued at $100,000 and your current mortgage balance is $50,000, you could take $20,000 cash out when you refinance and have a new mortgage balance of $70,000.

Refinance Rates
Program Rate APR
15 Year Fixed 3.25% 3.501%
30 Year Fixed 4% 4.102%
FHA 30 Year Fixed 3.25% 4.625%
About these rates

Our Hours

Monday - Friday8am - 9pm ET

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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