Your Wichita Mortgage Lender
Need a reliable Mortgage Lender in Wichita, KS you can depend on for all of your home loan needs? Call us today at (316) 683-4700 and Apply Now on your next loan!
Wichita is the largest city in U.S State of Kansas with beautiful homes throughout. But it was not always like that with its beginnings as a trading post on the Chisholm Trail. Now Wichita is the financial, commercial, cultural, medical, and entertainment hub for the state and a major player in the region with a population of more than 680,000.
When you buy a home, you will need to look at it in long terms. You’ll have a mortgage payment for 15 to 30 years depending on the options that you chose so it’s smart to find the best mortgage lenders out in Wichita, KS.
Primary Residential Mortgage Inc has been perfecting the art of mortgage lending for over 20 years. Our industry has continued to change since then, with new standards and more advanced technology to help you get the best loan. But one thing has remained the same, which is our dedication to providing the best mortgage solutions for your home.
Tips From A Professional Wichita Lender
- Get Your Credit Score Higher
The truth is that not everyone may qualify to purchase a home. There are certain numbers that have to be in place when it comes to your credit score and income level. Having a low credit score may suggest that lending to you may be too risky, and in return that would normally mean that you would have a higher interest rate. So on the other side of things, having a higher score and the higher amount you put down, the better your chances are to negotiate for more promising rates.
There are 3 major credit companies that you can check your credit with: Experian, TransUnion, and Equifax. You can obtain a FREE copy from each so you can make sure that there are no errors on your credit report. When you have recurring loans like credit cards, you want to try and pay off the ones with the highest interest rates. This is always a good place to start.
2. Getting Preapproved
When you start looking for a place to buy, the reality is….others might be looking at the same home that you want. This will put you ahead of the game by showing the seller that a lender has already taken the time to look at your finances to understand how much you would be able to pay for a home.
Below is a list of the documents that you most likely will have to provide for your preapproval:
- Checking, Savings Account information
- Loans you already have such as, car loan, student loans, and outstanding debt
- Social Security number
- Salary information and your employer information
- W2s and/or 1099
- Two years of tax returns
- How much down payment you can put down and where are you getting that money from
It seems like a lot, but this is where our Professional Mortgage Lending Company in Wichita KS comes in. Call us today for more information (316) 683-4700 .