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Old 08-31-2009, 10:02 AM   #41 (permalink)
MPDano
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Re: IMPAC Letter GMAC?

Quote:
Originally Posted by MPDano View Post
Submitted paperwork today 8/28/2009. Will report back when I hear something.
Well, IMPAC got back to me today with an Approval. Better than I thought but the fee is higher.

3.75% for 5 Years then it reverts back to my ARM Terms. My GMAC is currently 5.84%.

Fee is $2495

Should I ask about this 7 Year term that monkeyfighters got? I do have my paperwork with GMAC, but could be sitting on this for the next 2 months. Also, I don't know what terms GMAC will come up with.

Suggestion please!
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