You don’t want to miss today’s exciting episode with Cara Hawkins as we talk about all things interest rates! Interest rates are important, but some common misconceptions can restrict buyers. With over 21 years of experience in lending, Cara has a wealth of information to this episode. Tune in as we discuss interest rates, equity, refinancing, ARM rates and listen as Cara addresses some common misconceptions about loans and interest rates.
[09:04] Cara and Jill discuss equity and refinancing
[10:53] Cara shares an outdated assumption some buyers make
[15:40] The evolution of ARM rates
[21:12] Common misconceptions about home loans and interest rates
[27:47] How to reach Cara
Putting more money towards upgrades in the house can add more value than putting extra money towards the loan, especially with how much houses are currently appreciating.
It can make more sense to buy earlier. Even with poor credit, and no down payment, you can still get a home loan. There are programs to help.
People hold misconceptions about interest rates. 20% down-payment is necessary or always wise. The federal interest rate does not always correlate to the mortgage interest rate. You do not have to wait until the market is perfect.
Cara Hawkins has spent over 21 years in lending and is the Branch Manager for Guild Mortgage. Since earning a master’s degree in Business Administration from Oklahoma Christian University, Cara has been working in real estate lending in the Dallas/ Fort Worth metroplex and throughout texas. Cara has had the privilege of working in the marketing and public relations fields for two fortune 500 companies during her work history. She has built a strong business foundation consisting of extensive knowledge of the conventional and government loan market, credibility in dealing with the numerous parties encountered in a real estate transaction, experience, and client referral relationships.