Ditech Hosts $25,000 Mortgage Drawing

Ditech.com, one of the best known direct mortgage lenders in the United States announced its 2006 Home Mortgage Sweepstakes on October 17. Entrants have until December 31 to enter a drawing to win a year's worth of mortgage payments (up to $25,000). Additional prizes will be awarded to a hundred winners who will receive $50 VISA gift cards. The random drawing will he held on January 15, 2007.

Rick Powers, senior vice president and general manager of Ditech.com said, "This has been an enormously popular event at Ditech.com, and we are pleased to offer it again in 2006. Imagine if you will -- $25,000 toward paying down your mortgage. Imagine the freedom and peace of mind that could offer. That's what Ditech.com is about: helping homeowners take control of their finances by offering real estate finance products that are delivered quickly, securely and direct to the homeowner, 24 hours a day, seven days a week."

Ditech.com, a business unit of GMAC Mortgage, is based in Orange County, California. It offers thousands of loans a year and is a full-service company with competitive rates and recognized high levels of customer care. Ditech offers first mortgages, variable equity lines of credit, and no closing cost equity online in a matter of seconds.

All legal U.S. residents are eligible to participate in the mortgage drawing except those living in Puerto Rico, at overseas military installations, or those in U.S. territories. Entrants must be eighteen years of age or older and have a valid U.S. driver's license. There is no purchase requirement to enter the drawing.