Why homebuying involves 'more than just the rate'

As the average 30-year fixed mortgage rate declines to 6.95%, potential homebuyers may find themselves with a strategic opportunity in the housing market.

Jennifer Beeston, Senior Vice President of Mortgage Lending at Guaranteed Rate, joins the Wealth! program to provide essential guidance for prospective buyers.

Beeston emphasizes the importance of thorough research and comparison when selecting lenders. This diligent approach enables buyers to secure the most cost-effective option, taking into account not only the interest rate but also the related fees. "It is essential to recognize that it's more than just the rate," Beeston states, "it’s important to consider what additional charges may accompany that rate."

Additionally, Beeston highlights a concerning trend she has observed: "My primary concern is that contracts are often sent to buyers without proper explanation, leading them to sign documents without fully understanding them." She advises, "These terms are negotiable, and overlooking these details can have significant financial implications."

For further expert insights and the latest developments in the market, we encourage you to click here to view the complete episode of Wealth!.

Go to:

https://finance.yahoo.com/video/why-homebuying-involves-more-just-162732307.html

Jennifer Beeston

SVP Mortgage Lending @ Guaranteed Rate

Phone: 786-933-2077

Beeston@rate.com

About The Author:

Jennifer Beeston is a nationally known mortgage originator who is known for her ability to make the mortgage process easy to understand and zero stress. Featured in articles by US News, Business Insider, TIME, NBC news and countless others, Jennifer is a vocal advocate for mortgage transparency and consumer empowerment. You can find her on

Youtube

where she has created a library of mortgage education so that everyone can understand mortgages and obtain the dream of home ownership. Her passion is empowering and educating Americans and helping them get HOME. She is licensed in 48 states to do mortgages. She has been a top 0.1% lender since 2016 and offers VA, Conventional, FHA and Jumbo mortgages. She is also the author of

Brainhacked

, which is a modern guide for saving and protecting your money in a tech based world.

Licensing:

Jennifer Beeston NMLS ID: 247743; MS - 247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NE - Licensed, NH - Licensed, AK - AK247743, AL - 72998, AR - Licensed, AZ - 1007541, NJ - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, CA - CA-DOC247743, CO - 100516570, OK - MLO20600, OR - 247743, PA - 91992, SC - MLO - 247743, CT - LO-247743, DC - MLO247743, DE - MLO-247743, FL - LO66900, SD - MLO.08498, TN - 205478, TX - Licensed, GA - 70357, HI - HI-247743, VA - MLO-40552VA, VT - VT247743, WA - MLO-247743, IA - 33839, ID - MLO-2080247743, IL - 031.0054184, WI - 247743, WV - LO-247743, WY - 8203, IN - 41478, KS - LO.0039219, KY - MC717200, LA - Licensed, MA - MLO247743, MD - 247743, ME - Licensed, MI - 247743, MN - MN-MLO-247743, MO - MO-247743