gmac mortgages review

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Average Ratings

Value for Money	1.6/10
Reviewer Rating	1.4/10
Overall Rating	1.7/10

14% Recommended2 out of 14 Reviews

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By Guest. on 2nd May 2008

Guest.'s Ratings

Product	Fixed rate
Repayment Method	Repayment
Value for money	0/10
Overall value	0/10
Guest.'s recommendation

Good Points

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General Comments

We used gmac for our rental property. The closing date was April 29th a Friday. We did not receive the money until May 2. We had tenants with a moving van full of furniture who had paid from the first. . This was costly to us but eventually gmac did compensate. Now three years later we secured a mortgage through TD and they sent everything to gmac on the 23 th (due date was 29th). On the 30 when TD had not heard from gmac they sent another fax . It is now May 1 and when I phoned gmac they said that they have not received anything from TD. But low and behold while talking to them a fax came through but they could not give me any information because it was being worked on. I now am told it should be processed tomorrow . I find it hard to believe that a company with such slow business practices is still in business. I have had many mortgages in the past and have never encountered such a calamity before and will never do business with gmac again.

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