Ditech.Com Presentation

Ditech.com http://youtube.com/watch?v=MSCM039hq7Q&feature=related Allison Knapp Emily Molin Rachel Chadima

Our Objective ,[object Object],[object Object]

Statement of Problem ,[object Object]

Existing Financial Data ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Option #1 (Refinancing Home) with the existing credit card debt as well ,[object Object],[object Object],[object Object],[object Object],[object Object]

Our existing financial data ,[object Object],[object Object]

Our Evaluation of Option #1 Continued: ,[object Object],[object Object],[object Object]

Our Evaluation of Option #1 Continued: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Option #2 (Second Mortgage, Credit Card debt only) ,[object Object],[object Object],[object Object],[object Object]

Our Evaluation of Option #2 ,[object Object],[object Object],[object Object],Although, just because we are allowed this much for a loan, we are still choosing to only take out $25,000 instead of $52,922.79

With our equity, we were able to calculate: increased monthly payment on top of our existing mortgage: $1,229.70 increased interest on top of existing mortgage: $225,978.86 In addition, we are also paying $1,100 towards our credit card debt for 2.6 years on top of all of debt, which makes our payments per month $2,329.70 for 2.6 years. After that, our payments will decrease to $1,229.70. After 12.4 years, our payments will decrease to $997.95 for the remaining 12.6 years.

Break Even Points for Option 1&2: ,[object Object],[object Object]

Our Decision: ,[object Object],[object Object]

In conclusion, we’ve learned that… ,[object Object]

Ditech.Com Presentation

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