AutoCad :: Removing Vertices From Wire Polyline

Schematics Auto Cad-Schematic1.dwgSchematics Auto Cad-Schematic1.dwg
Schematic File.jpg

We are moving our schematic work from Visio to acad to keep everything in one program, and are trying to figure out how we can make the wire polyline in the attached file so it just to snaps to the connection points without actually extend the line or adding a vertices. I basically just want to re create what we already do in Visio where you can basically create an arrow, add text to the middle and then have it snap to a connection point.