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GMAC Mortgage is a branch of General Motors Acceptance Corporation (GMAC), which was initially a way for GM to help people buy their cars. Now, GMAC can help you buy a house too!
On the GMAC Mortgage website it says: "GMAC Mortgage is an indirect wholly owned subsidiary of General Motors Acceptance Corporation (GMAC), one of the largest financial services companies in the world.
Headquartered in Horsham, Pa., GMAC Mortgage is one of the largest residential mortgage servicers in the nation. The company originates first and second lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and Internet sites under the brands GMAC mortgage and Ditech, and GM Family First; a custom homeownership services program offered to GM employees, retirees and dealers."
With GMAC Mortgage you can be relatively assured of a stable lender. Are you getting the best deal though? We can't guarantee that.
The only way to be sure that you are getting a good deal for your mortgage and your credit situation is to do some footwork. The Internet is a great tool. Make use of it to get competing quotes, click on the links above to get started. Also, be sure to compare your small local lenders. Your local credit union may work extra hard to get your business, whereas you are one of thousands dealing with GMAC.
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