Michael A. Lara

NMLS# 177616

Branch Manager, Producing

Michael A. Lara
Branch Manager, Producing

NMLS# 177616
State Lic: AZ # 0917246;
605 South Chandler Village Drive
Chandler, AZ 85226
Branch: (480) 246-3719
Mobile: (480) 332-4020
Fax: (480) 409-2643

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Michael Lara is a Sr.Mortgage Consultant with Academy Mortgage Corporation and has over 12 years of mortgage banking and finance experience. Originally from the foothills of Los Gatos, California, Michael has developed a sense of customer service that takes pride in exceeding the expectations of his clientele. With use of cutting-edge technology and a commitment to excellence he is able to close mortgages more efficiently and at a lower cost than his competitors.

Michael holds a Blue Ribbon as an affilate of SEVRAR, is the host of the monthly SEVRAR/WCR After Hours Networking Event, a member of ABA, BNI, and HAREP. During his free time he coaches youth basketball at the Chandler YMCA and volunteers for the Pat Tillman Foundation.

Consider Michael Lara and Academy Mortgage for your next mortgage.

Mortgage Education

View these helpful tips for becoming a homeowner.
Jack and greg were great Cody Wayne Clark

NMLS# 177616

State Lic: AZ: 0917246;

Corp Lic: AZ: BK-0904081;

Tips for a Simple Loan Approval

If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.




10 Steps to Homeownership

From pre-approval to closing, Academy will help you along the road to homeownership. You can count on us for responsible, honest, and ethical service in every step of the process.

  1. Loan pre-approval. Pre-approval allows you to search for a home that you can afford based on your credit, income, and assets. An application and supporting financial documents must be submitted to your Loan Officer, including pay stubs, tax returns, and account statements.
  2. Home search Once pre-approved, start shopping with your real estate agent! When you decide on the right home for you, the terms of sale are negotiated and your agent presents your offer to the seller.
  3. Formal loan application and product selection. After the seller accepts your offer, formally apply for home financing and select the ideal loan product to meet your needs.
  4. Appraisal and home inspection. As your application is being processed, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. Properties are also inspected for water and termite damage and other safety hazards.
  5. Processor’s and underwriter’s review. A loan processor reviews the entire loan file and sends all pertinent information to an underwriter who makes the final decision to approve the loan.
  6. Final loan approval. If you have a good credit score and debt-to-income ratio, your loan will likely be approved. Keep in mind that there may be financial conditions or property conditions that need to be met before final loan approval.
  7. Closing. Final loan and escrow documents are prepared and signed by you (the buyer) and the seller.
  8. Funding. A wire or check for the amount of the loan is sent to the title company.
  9. Close of escrow. Documents that transfer titles are recorded with the county.
  10. Confirmation of recording. The title company authorizes the escrow company (or closing agent) to draft a check to the seller.

Ultimately the final step . . . MOVE INTO YOUR NEW HOME!



For many, the benefits of buying a home outweigh the advantages of renting. With mortgage interest rates at historic lows and rents on the rise, now is an affordable time to finance a mortgage with a fixed monthly payment lower than rent.

If you plan to stay in your home for more than six years, buying a home could save you thousands of dollars over renting. And don’t forget about the noisy neighbors upstairs.

The Benefits of BUYING

Mortgage loan interest is deducted from your state and federal income taxes and a portion of your property taxes may also be deducted.

Fixed mortgage payments (principal and interest) will not change during the loan term whereas rent payments may increase annually.

Owning a home long term allows equity to build and thus your home investment to grow.

The Benefits of RENTING

Renting may be the preferred option for those planning or needing to make a move in less than six years.

Renters are often able to rely on landlords and property managers to pay for and make necessary home repairs.

Some utility expenses may be included in monthly rent payments.

Contact me today to start realizing the benefits of homeownership.

Please consult a tax professional about your specific situation and the tax savings benefits of homeownership.