Royal Oak Real Estate Specialists, also serving Berkley, Pleasant Ridge, Ferndale, Huntington Woods, Beverly Hills, Birmingham, Troy, Madison Heights, Clawson and neighboring Oakland County
GM Great Moves Program
The Great Moves program by GMAC offers money-saving mortgage, real estate and moving services for eligible employees of select GM suppliers and key business associates. The same relationship that provides you with discounts on GM vehicles now allows you to take advantage of special offers on home buying, selling, financing and moving services. Discover true value and convenience...and make your next move a great move!
Personalized Service
One call may save you thousands. Experience the complimentary services of a Personal Move Consultant who can connect you with savings and support not available to the general public at no additional charge.
Exclusive Savings
Money-saving offers available to eligible employees of select GM suppliers and key business associates:
Reduced interest rates or cash off closing costs on mortgage
loans and refinances through GMAC Mortgage Corporation*
Competitive rates on home equity lines of credit for qualified applicants†
Cash back for every $1,000 of your home's sale and/or purchase price**
Significant savings on interstate moving services††
How do I find out more about Great Moves by GMAC?
What home financing offers are available through the Great Moves by GMAC program?
Through the Great Moves by GMAC program, GMAC Mortgage Corporation offers home equity loans and mortgage loans, including refinances. Look for special offers on a new first home purchase mortgage rate, 1/8% off a refinance first mortgage rate or $500 or $750 off closing costs based on conforming and non-conforming loan amounts. * Also, look for competitive rates on home equity lines of credit! †
What is the cash-back offer a registered GM supplier employee will receive
on his/her real estate transactions? **
For every $1,000 of the home sale or purchase price, every eligible GM supplier employee properly registered with Great Moves by GMAC will receive cash back.
How and when will the GM supplier employee receive
his/her cash back? **
When the real estate transaction is complete, either the customer or real estate agent must notify the Personal Move Consultant. The customer will receive a check within four to six weeks after GMAC receives the customer settlement statement.
Can customers receive two cash-back checks if they buy and sell a home
through Great Moves by GMAC? **
Yes! Registered supplier employees may receive cash back on each transaction.
Great Moves Savings Examples
The following savings are based on an eligible employee
who secures their mortgage through GMAC while working through a Great
Moves Personal Move Consultant to buy and sell their home.
| Sales Price of Current Home | Purchase Price of New Home | Mortgage Loan Amount | TOTAL SAVINGS THROUGH GREAT MOVES | |
| $200,000 | $250,000 | $200,000 | ||
| Incentive | $4 per $1,000 Cash Back† | $4 per $1,000 Cash Back† | $500 Credit Towards Closing Costs(1) | |
| Savings | $800 | $1,000 | $500 | $2,300 |
*
Terms and conditions apply. Not all loan programs qualify. All offers
subject to credit approval and program guidelines. GMAC Mortgage Corporation,
GMAC Residential Holdings, Inc., and affiliated companies reserve the
right to change or terminate these offers at any time without notice.
Arizona Mortgage License Numbers BK-7670; Licensed by the Department of
Corporations under the California Residential Mortgage Lending Act; Georgia
Mortgage Lender License Numbers 5845, 5871; Illinois Residential Mortgage
Licensee; Massachusetts Mortgage Lender License Number ML1556; Minnesota:
This is not an offer to enter into an agreement. Any such offer may only
be made pursuant to Minn. Stat. § 47.206 (3) & (4); New Hampshire
First Mortgage Banker and Broker Numbers 5047-MB, 8989-MB, 8930-MB, 5055-MB,
5950-MB, 6388-MB; Licensed by the NJ Department of Banking and Insurance,
45 Eisenhower Dr., Paramus (201) 226-1199; Licensed Mortgage Banker: NYS
Banking Department. NY locations at: 325 Rt. 304, Bardonia; 6255 Sheridan
Dr., Williamsville; 578 Veterans Memorial Hwy, Hauppauge; 100 Jericho
Quadrangle, Jericho; 950 New Loudon Rd., Latham; 1299 Route 9, Wappinger
Falls; Licensed by the Pennsylvania Department of Banking; Licensed RI
Lender and Broker. Interest rate reduction or closing cost discount offer
valid on your next first lien home purchase or refinance mortgage loan
with GMAC Mortgage Corporation and is subject to underwriting approval
and program guidelines. If closing cost option is selected, a $500 closing
credit will be provided at loan closing for loan amounts less than $322,700.
For loan amounts exceeding $322,700, a $750 closing credit will be provided
at loan closing. If the interest rate discount option is selected, the
rate reduction will be applied toward the current market rate for the
loan program selected at the time of the interest rate lock-in. The rate
reduction cannot be combined with any special rate promotion. Only one
closing cost credit or interest rate discount per loan transaction. A
$125,000 loan amount with 1 point ($1,250) paid financed at 6.125% (6.28%
APR) for 30 years would result in 360 monthly payments of $759.52 for
principal and interest. Using 1/8% reduction in rate as an example, a
$125,000 loan amount with 1 point ($1,250) paid financed at 6.00% (6.15%
APR) for 30 years would result in 360 monthly payments of $749.44 for
principal and interest. These examples are based on a sale price of $137,500,
loan-to-value of 91%, a down payment of 9% and a loan made in the state
of Michigan. Taxes and insurance are extra. Fees and charges apply. Rate
is for example only and is not necessarily reflective of the current market
rate. Call for current rate information and information on fees and charges.
Terms and conditions apply. Subject to credit approvals and program guidelines.
GMAC Mortgage Corporation reserves the right to change or terminate these
offers without notice. © 2003 GMAC Mortgage Corporation.
†
Home Equity Credit Loans not offered in Arkansas; Home Equity Credit Lines
not offered in: AR, TX & WV; Massachusetts Mortgage Lender License
Number ML1556; New Hampshire Second Mortgage Home Loan Lender Numbers
5061-MHL, 5068-MHL, 8990-MHL, 8931-MHL, 5954-MHL, 6389-MHL; In Tennessee
home equity credit lines and loans offered by GMAC Mortgage Corporation
of TN.
**
Cash-back offer may be limited or prohibited by law in some states and
is not available in those states. Location of property being purchased
or sold determines applicable state law. Cash back offer not available
in a number of states, including the following: Alaska, Delaware, Iowa,
Kansas, Kentucky, Louisiana, Mississippi, Missouri, New Hampshire, New
Jersey, New Mexico, Oklahoma, Oregon, Tennessee and West Virginia. You
must contact GMAC Home Services before contacting a real estate broker.
Cash back is based on the purchase/sales price of the home. Allow 30 days
after closing for cash back to be awarded. If your home is already listed,
or you are currently working with a real estate agent, this is not a solicitation
for business. Real estate services provided by GMAC Home Services.
††
Moving services provided through GMAC Global Relocation Services, Inc.
Savings on moving discounts may vary depending on services required.
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