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To: mkjessup

Ditech is one of the worst ones out there. I've heard plenty of stories where they promise an impossibly-low rate and closing costs, then come back at 8% with $13000 in closing costs on a $130,000 loan.


61 posted on 08/31/2006 7:06:06 PM PDT by RockinRight (She rocks my world, and I rock her world.)
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To: RockinRight
Ditech is one of the worst ones out there. I've heard plenty of stories where they promise an impossibly-low rate and closing costs, then come back at 8% with $13000 in closing costs on a $130,000 loan.

I would always point out to people that the next time the see the add to pay attention. It clearly states "lender fees of only $X." Attorney, title, appraisal, etc... are NOT Lender fees and NOT covered by that claim.

And I honestly wonder, how many loans does Dietech actually do. They have to do a lot to maintain that multimillion dollar ad campaign. But in 10 years I have ran across 1 person who has used them.

I also assume a good amount of people who go to them are subprime. Though I have done more than my fair share of subprime loans.

68 posted on 08/31/2006 7:14:54 PM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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