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GMAC Mortgage Modification

GMAC Mortgage Modification program can help you tide over financial difficulty in keeping current with your mortgage payments. You can get home loan assistance from GMAC Mortgage through a number of ways that may include traditional refinance, government backed HAMP and HARP, free loan modification and more. Thousands of homeowners have so far been provided with one or the other kind of mortgage modification programs at this company with a good success rate. Check online reviews and blogs to find people telling about their GMAC Mortgage modification success stories.

GMAC Mortgage Modification Program

GMAC Mortgage offers the following home loan assistance programs:
  • Refinance Loans: Suitable for homeowners who are current in their payments and have also built equity in their home. This option will help you get a lower interest rate, change the loan term, make a switch from an adjustable rate to a fixed rate mortgage, consolidate debt and save on your monthly payments. Call at 1-866-964-9754 to apply.
  • Federal Government HAMP and HARP: Under the Making Home Affordable Program of the Federal Government, you may qualify for refinancing or a free mortgage loan modification. Visit to check your eligibility for the programs. If you meet the guidelines given there, you can call at 1-866-964-9754 for refinancing under Making Home Affordable Refinance.
  • Repayment Plan: Under this scheme, you can pay a portion of the amount dues along with your regular payment each month over a period of months. Your qualification under this plan depends on the information you have supplied on the financial analysis form.
  • Loan Modification: You can get your mortgage loan modified in such a way as to incorporate changes in your income and expenses. A loan modification plan is useful in curing delinquencies on the account and also binging down your monthly payment by a significant amount.
  • Short Sale: It is better than home foreclosure as you do not lose much on your credit score and still be able to pay off a major portion of the outstanding mortgage bills. Moreover, the process of short sale is faster and much simpler than foreclosure, thereby allowing you to avoid unnecessary expenditure.
  • Deed in Lieu of Foreclosure (DIL): It is the last method to avoid a foreclosure. Just transfer the ownership of your home to GMAC Mortgage and get freedom from all your debts concerning the home your have transferred to the company.

GMAC Mortgage Modification Department

GMAC Mortgage Modification Department is known as Loss Mitigation Department, which can be accessed through phone, fax and physical mail. The financial analysis form that contains details of your financial hardship is sent to this department. The loss mitigation department considers your application for the suitability of any available program including the Government's Making Home Affordable Program. The department usually takes 10 days to acknowledge the mortgage modification forms and 30 days to notify if an option is available to the sender. For more information you can contact a well-trained credit counselor by calling at phone number 800-225-5342.

Here are the contact details of GMAC Mortgage Modification Department.

Attn: Loss Mitigation
233 Gibraltar Road Suite 600
Horsham PA 19044

Fax Number: 1-866-709-4744

For complaints regarding fraud, waste, abuse, mismanagement and misrepresentation, contact SIGTARP at the following:

Phone Number: 1-877-SIG-2009
Fax Number: 202-622-4559


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