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😍 Featured Partner Fridays: Cara Millett

What prompted you to get into mortgage lending?

I got into the industry after I graduated from Providence College with my MBA. I was looking for an industry that I could marry my love for real estate and utilize the tools that I had just obtained from graduate school. I entered into the industry just before the mortgage meltdown. Although, it wasn’t necessarily the best time to get into the industry I chose to make the best of it and develop skills that I may not have been able to if I came in just a year or two before.

How long have you been in the industry?

12 Years

 What is the biggest piece of advice you would give today’s buyer as they prepare for the mortgage process?

Take the time to get properly pre-approved before starting your home search. Thru the process you will learn valuable information regarding owning a home, credit scores, programs available to you, but more importantly you will set proper expectations for yourself and set yourself up to be a successful homeowner. The last thing you want to do is fall in love with a house that you can’t afford or purchase a home that may come with a mortgage payment that is outside of your comfort zone.

What is most rewarding and what is most challenging about today’s market?

I thoroughly enjoy working with first time homebuyers. I find that they are truly appreciative of the work that goes into buying a home and do not get caught up in the recent changes to lending regulations. The first home is usually where families make some of the most indelible memories and to be a part of that is very rewarding.

 The biggest challenge in today’s market is educating buyers on credit scores and how to maintain a healthy score. Unfortunately, many people are riddled with tons of debt  due to poor financial choices or simply the fact that they have taken on hundreds of thousands in student loans. This may cause their credit to suffer and make the home buying process more difficult than necessary. I strongly believe that there needs to be more education placed at the high school level on the basics of personal finances. The youth of today don’t know how to balance a checkbook, create a strong credit score or even develop the discipline to save for the future. We need to get back to teaching these skills or we will end up with a generation of people that are not lendable.

What are your hobbies and passions outside of work?

I have recently discovered Crossfit and have become completely addicted. This has become an essential part of my mental reprieve from the stressors of the mortgage industry, but it has also become a great source of business for me. Because we are a federally chartered bank, I can lend in all 50 states. My crossfit gym is a transient community with many people stationed here for 1-3 years and then moving onto to their next post. I am able to assist these clients when it comes time for them to purchase, whether it be local or in another state. I also enjoy walking my dogs and helping coach my daughters’ sports teams.

Check out her awesome ⭐⭐⭐⭐⭐ reviews on Zillow!

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☎️Please feel free to reach out to Cara for all of your mortgage needs:

Cara Millett
Sales Manager
NMLS 13529
Home Loan Investment Bank, F.S.B.
(401)207-6531 cell
[email protected]

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