We applied to DiTech for a refinance/remodel loan. Tons of paperwork. Had to stay out of work and be home for appraiser (who was not even from the area house is located in). No word from DiTech for several weeks. Called us finally and told us they could not approve our loan until all remodeling was completed and another appraisal done. House did not photograph well! Told DiTech if we had money to finish the remodel, we would not need a loan! DiTech had already contacted our home owner's insurance company weeks earlier and had themselves put as the new loss/payee. Would not have know this except for a note from out insurance agent. Decided to try refinace/remodel loan with local bank. No problems. Closed on a great loan in less than 3 weeks. LISTEN UP PEOPLE - try your local loan companies or banks before letting TV hype influence you.
0 comments