GMAC Mortgage

GMAC Mortgage is one of the top 10 residential mortgage providers in the U.S. They have offices situated across the length and breadth of the country which provide local face to face support no matter where you are located. With the backing of its parent company (General Motors) GMAC Mortgage provides you with unparalleled financial services, supported by a name you can trust.

Our philosophy is to provide outstanding service, through the expert knowledge and advise we provide and above all else to Always Put the Customer First.

Mortgage Products

GMAC Mortgage offer a broad selection of mortgage and loan products that are designed to fulfill your needs regardless of what your financial requirements are.

GMAC Mortgage Products

Adjustable Rate Mortgage (also called ARM) - With these mortgages your payment will go up and down depending upon current interest rate.

Conventional Fixed Rates - With a fixed rate mortgage the amount you pay remains the same regarding of the current interest rate. This type of mortgage is good for people who do not want the risk the chance that interest rates and thus their mortgage payment will go up.

Balloon Fixed Rates - These are just like a conventional fixed rates but they are provided over a shorter time frame (usually 5 and 7 years). This maybe of use if you are not planning on staying in your home for a long period of time.

VA Financing - Provides mortgage financing for veterans of the armed services and the coast guard.

FHA Financing - This helps people who may not have otherwise qualified for a mortgage. The FHA provides lenders protection through mortgage insurance that protects lenders from the prospective home buyer for their loan obligations.

Home Equity Loans - A home loan based on the equity value contained in your home. The equity value is the difference between the market value of your home and the mortgaged value. For example, if your home is worth $200,000 and you have a $150,000 mortgage then the equity value is $50,000.

Home Equity Line of Credit - This is a pre-approved loan based on your homes equity value. With a line of credit you can draw on the loans value as and when you need the funds and you only pay interest on the amount currently loaned.

Construction Financing - These loans / mortgages are specially designed for people who want to build their own home.

Jumbo Loans - If you require a loan for a larger amount then you may have to take out a jumbo loan. These loans can be fixed or variable and because they carry a higher than average risk you may have to pay a higher rate of interest.

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Tracie Peay and Trela Bird

McDonald Group GMAC Real Estate

7050 Union Park Ave #140

Midvale, UT, 84047

Telephone (801) 450 3535

Email: info@greatsaltlakecityrealestate.com

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