Mortgage Forum
Gmac: Too Good To Be True?
This is a discussion on Gmac: Too Good To Be True? within the Home Mortgage forums, part of our Mortgage Chat category; I made one call to GMAC two weeks ago asking for a loan modification for my option ARM which is ...
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September 24th, 2008, 02:50 PM
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|  Gmac: Too Good To Be True? I made one call to GMAC two weeks ago asking for a loan modification for my option ARM which is set to cap in a few months. I live in San Francisco and have a 720,000 mortgage and have lived there barely 2 years. I gave him the information and he told me to call back the following week. Yesterday, he said I was approved for a 5 year fixed at 1% and I would be receiving the documents soon. No closing costs except a 500.00 processing fee....can this be real? I heard it with my own ears but I just can't believe it was that easy????? Anyone else? |
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