new mortgage Q2 : LUSENET : Repossession : One Thread

Does anyone know any details about GMC (general motors) mortgages please? Good or bad?

-- Jacqueline Pacey (, May 21, 2003


GMAC Residential Funding.

One of the best as adverse or non conforming lenders go with some good products (some without redemption overhangs)

But they do have an habbit of paying quite large commission fees (2% of amount borrowed - with a minimum payout of 1,000) to brokers so if a broker wants an additional fee from you to go with them shop around.

Also they tend to sell their mortgage books quite often to First Active.

Hope this helps

Quick to issue possession proceedings

-- fairer financial world (, July 09, 2003.

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