I’m in the process of buying my first house. I live in Northern CA and have heard from a few people to go with Ditech for a mortgage loan but I am just a bit worried because it doesn’t seem like I would be able to sit down and talk to a real person. It seems most of it is done over the phone.
Has anyone had any good or bad experiences with them?
Ditech and Quicken both have a reputation for taking money upfront without making sure you qualify for a loan. They will refer to it as a rate lock fee but really its a gimmick to get the consumer to commit to using them. The other issues I have heard from clients has to do with their appraisals coming in way under value and blowing the deal.