Should I Rent or Buy?

While homeownership has long been the American dream, buying a home is not necessarily the best choice for every person or every situation. There are many factors to consider in determining if a home purchase is the right decision for you right now. Can you Afford It? If the cost to own a home – mortgage, homeowners insurance and property taxes included – if less than roughly 28% of your gross income and you have few other debt obligations, you can probably afford to buy. Do not underestimate the additional costs of maintenance though. Replacing appliances or paying for a plu...

June 14th, 2018 | Purchasing a Home, Should I Rent or Buy?

Your Closing Date Will Affect Your Closing Costs

Everyone knows mortgage payments are always due on the first day of the month. But, while this is correct, there’s more to the story. If you make your mortgage payment on June 1, the principal and interest you’re paying are applied to the period of May 1 through May 31. This is called making payments in arrears, meaning you’re paying the principal and interest for the period after you use it. And it’s important information to know when you are buying a home. Why? Because the day of the month on which you have your closing will determine how much principal and i...

March 5th, 2018 Your Closing Date Will Affect Your Closing Costs

Clearing Up Some of the Confusion over “the Cloud”

Everyone uses cloud computing, but not everyone gets it. Simply put, whether you’re searching online, creating documents with web-based software, or accessing a web-based e-mail account, you’re using the cloud. Cloud computing means that the infrastructure enabling your web tasks is accessed via the Internet. The processing, storing, and filtering of information is done through a server that may be thousands of miles away or just next door. And as this activity happens seamlessly and invisibly, it seems to be happening “in a cloud.” The pros of cloud computing are...

February 5th, 2018 Clearing Up Some of the Confusion over “the Cloud”

Benefits of Fannie Mae’s HomeReady Program

Individuals looking to purchase their primary residence in a lower-income neighborhood, or who qualify as lower income but have good credit, may find the following Fannie Mae program a good fit:The HomeReady program doesn’t have an income limit for purchasing in lower-income neighborhoods designated by Fannie Mae. This means buyers can qualify for the program with a high income (perhaps making the purchase of a character home in an urban area financially worthwhile).HomeReady buyers can purchase a variety of home types, including single-family homes, townhomes, condos, and some manufactu...

October 31st, 2017 Benefits of Fannie Mae’s HomeReady Program

Welcome to My New Website

Welcome to my new website. Browse around, I have the programs that you need. Whether you're trying to calculate your mortgage, need a loan, or are trying to find out the steps in getting a mortgage, I am here for you. 

December 19th, 2016 Welcome to My New Website

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Lara Locke

2900 Adams St, Suite A305
Riverside, California 92504
Phone: 951-405-2454
Fax: 805-824-0982
NMLS: 949406
BRE: 01953203

Lara Locke