
	Getting your mortgage is just one aspect of getting into a new home. STACIA L. WELLIVER is seasoned at assisting new and experienced in all areas of real estate. Call us today at 316.312.8773 if your needs include a professional REALTOR^® ready for the business side of buying and selling.

STACIA L. WELLIVER can help you finance a home in WICHITA.

Applying for a mortgage loan is one of the most exasperating elements of purchasing a home. But it doesn't have to be. I've got great connections to several mortgage lenders in WICHITA, and they've helped me recognize some things that can make the process of applying for a loan very easy.

1 – Make a list of questions regarding your loan program

Be sure you have a list of questions with you if you find that you don't perfectly comprehend the pros and cons of the different loan programs. At times, it can be a challenge understanding the characteristics of both fixed and adjustable rate mortgages. I or one of my lenders will be able to assist you with understanding the advantages and disadvantages of both programs.

2 – Decide when you want to lock

When you lock in the interest rate, it designates that your mortgage lender keeps to the interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate anytime between application and issuance of closing documents. Buyers who decide to float think that interest rates will dip in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to decrease your rate

If you elect to pay additional points to lower the rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. This tool will help you determine if buying points is the best option for you.

4 – Bring your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to preview common questions you'll have to answer on a loan app.