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.

4 – Compile your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting your documentation together.

Kiva Realty

620 West First Street,
Portales, NM 88130