Mortgage rates have risen steadily across the nation recently, reaching levels not seen in more than 20 years. Abrupt spikes over the last few months alone have seen 30 and 15 year fixed rates rise by an average of 0.6%. While these rate increases may scare some potential home buyers away, there are a few cities that have seen significantly less rate inflation.
Wichita is one of those cities. Its residents are in a slightly better position, with rates about 0.3-0.4% lower than the national average. This represents an opportunity for Wichita residents to enter the market and lock in property at a significant discount compared to the rest of the nation. But how do you know you’re getting a great deal on your mortgage?
Equity Bank & Your Mortgage
It comes down to the institution you trust to handle your mortgage. Equity Bank is committed to providing great rates and guidance throughout the home buying process to our customers. You can rest assured that with Equity Bank, you have a partner who is committed to your future financial success, and will always advise you with that in mind.
Our simplified application and qualification process allow our customers to dedicate more time to the search for their dream home. We know how complex the home buying process can be, so we’re committed to relieving our customers of as much of that burden as possible.
Equity Bank Mortgages in Wichita
By offering simplified, affordable mortgages to the people of Wichita, we help them capitalize on lower rates and find homes that match their needs. Whether you’re a growing family or looking to invest in property, Equity Bank will help you procure the financing you need to turn your dreams into reality.
If you’re in the market for a new home, find a partner who understands your needs by visiting one of our Wichita locations or the Equity Bank that’s nearest to you.
If you’ve already secured your mortgage and are looking for advice on what comes next, we’ve got what you need. Our guide on mortgage management can help you make the most of your investment, while avoiding the most common pitfalls that homeowners face.
What Makes Equity Bank Mortgages Different?
In addition to providing step-by-step guidance during the home buying and financing stages, Equity Bank offers additional benefits to help you feel more comfortable and confident during the process:
Internal Underwriting
While other institutions may use a third party for their underwriting services, Equity Bank handles ours in-house. This significantly reduces the time taken to perform a mortgage application assessment, and allows our customers to capitalize on property sales that they may have otherwise been unable to secure.
This also allows you to have face-to-face interactions with your underwriter, resulting in more accurate assessments of your risk profile and a reduced likelihood of being denied due to miscommunication or misunderstanding.
On-Time Closing
Our 95% on-time closing rate helps you stay in the right time frame. If you are in escrow or have committed to a closing date with the seller, Equity Bank is committed to providing you with full approval and financing by that date.
Multiple Loan Options
Even if your original plans don’t work out, Equity Bank can keep you on track for your closing date and will help you explore alternative financing options. Our flexibility helps our members find the best possible option for financing their future home and stick to the schedule.
Let’s Get Started
If you’re ready to take advantage of great rates and lock in the home you’ve been waiting for, contact us today and schedule an appointment with one of our loan officers. You can also get started on your own with our easy mortgage applications. You can apply online, over the phone, or in person at your nearest Equity Bank location.