Getting your mortgage is just one aspect of getting into a new home. Kiva Realty is seasoned at aiding new and experienced in all areas of real estate. Call us today at (575) 356-5555 if your needs include a real estate pro experienced at the business side of real estate.

Are you financing your new home in Portales/Clovis? Kiva Realty can help.

Stressed out about getting financing for a home purchase? You don't have to be. We've got great connections to a lot of mortgage lenders in the Portales/Clovis area, and they've helped us recognize a few things that can make the process of applying for a loan very easy.

1 – Create a list of questions about your loan program

Be sure you have a list of questions with you if you find that you do not thoroughly understand the ins and outs of the various programs. It can be hard to know the differences between both fixed and adjustable rate mortgages. One of our lenders or associates will be able to assist you with understanding the advantages and disadvantages of each one.

2 – Decide when to lock

Locking in indicates that a lender commits to the mortgage interest rates for the loan – generally at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day of your loan application and closing. Those who prefer to float think 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 lower your interest rate

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

4 – Compile your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here to get a feel for common information that goes on a loan application.

st of questions with you. I or one of my lenders will be able to assist you in understanding the advantages and disadvantages of each program, because it can be hard to understand the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in a rate, it designates that the lender holds to the mortgage interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day of your loan application and the issuing of closing documents. Those who elect to float think interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Decide if you want to pay additional points to lower your interest rate

Normally you can choose to pay additional points to lower the rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. To decide if purchasing points is right for you, click here to use our points calculator.

4 – Gather your paperwork

Getting a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a feel for normal questions you'll have to answer on a loan app.