Gmac - Interest Rate
We took a second mortgage out with this company over 10 years ago with a heaping interest rate of 12.5 which is highway robbery in this time of low interest rates.So we thought they would consider giving a lower interest rate since we have never had a late payment and have a good credit rating.
Our finance company on the first mortgage lowered our rate to 4.75. This company would not lower our rate at all. They are not interested in their customers and make that very clear when you speak with them. We will be refinancing but not with them.
Further more I will never finance anything with this company again.
It is a shame as I can remember when GMAC was a good company.In my opinion, now they are just a rip off!!!