Real Estate and Mortgage Glossary

Real Estate Resources


Loan Type Today Last Week
30 Year Fixed Rate 5.96 5.91
15 Year Fixed Rate 5.54 5.52
5/1 Adjustable Rate 5.52 5.56
30 Year Jumbo 6.56 6.55

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Pre-Approval

There’s no better time to get a mortgage preapproval than when you first start looking for a home. By learning your mortgage options now you receive an advantage as you negotiate your home purchase.

A preapproval letter from GMI Home Loans is our agreement to lend you up to a specified amount to purchase your new home, subject to certain conditions. This makes you a Preferred Buyer which tells real estate agents and home sellers that you have your financing already lined up.

Our Programs

When choosing a mortgage professional to represent your financing you should make your decision based on service, integrity and reputation. If you are with the right mortgage professional there will be no doubt that you’ll receive optimal mortgage rates and pricing.

If you make a decision solely on the initial quoted interest rate you’ll more than likely find yourself very disappointed with the service you will receive. Companies that “sell rates” do this because it is all they have to offer.

Without a dedicated professional any home purchase can quickly go sour. Additionally, if you have a loan that requires creative financing you’ll want to ensure you’re with the specialists that will make your home purchase possible.

Best Deal Option

  • If you have already talked to a mortgage specialist that is not a member of the Walsh Mortgage Team bring us their offer and we’ll beat it.

  • If you can provide us with a written offer from another mortgage company we will beat the competitor’s service, fees, and rates.