GMAC Mortgage - Problems with mortgage lender

Posted on Friday, February 5th, 2010 at 1:14pm CST by 165538d8

Product: GMAC Mortgage

Company: GMAC Mortgage

Location: GMAC Mortgage Attn: Customer Service P.O. Box 4622 Waterloo, IA 50704-4622 or 6716 Grade Lane, Bldg. 9 Ste 910, Louisville, KY 40213-1407
Waterloo, IA, 50704, US

URL: http://www.gmacmortage.com/

Category: Other

I have tried to negotiate with this mortgage company. for over 3 months now. I wrote to them and requested a mortgage modification. They stated that we didn't not qualify. My husbands work has decressed and we are financially challenged. They wouldn't even consider lowering our interest rate which is currently at about 7.8%. Now I just received a letter stating that as of 3/1/10 our current mortgage from $1608.00 will now be $3,3....oo if we couldn't afford $1,608. how can we afford this much?? Can you help us?


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