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Mortgage Market Update
Timothy Dial
Timothy Dial
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. This week I want to help you see something many homeowners overlook: the money you've already built up in your home.
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National Mortgage Rates · July 30, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Reality Check
Do you know how much equity you've built?
If you bought a home a few years ago, you've likely built more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage—and it can be a powerful financial tool. Some people tap into their equity for home improvements, to consolidate debt, or to fund life events. Others let it sit and grow. The tricky part is knowing what your home is actually worth today and how much you can safely borrow against it. That's where a honest conversation with me comes in. I can help you understand your equity position and explore your options, whether you're thinking about a cash-out refinance, a home equity line of credit, or just want a clear picture of where you stand. Reach out and let's talk through what makes sense for your situation. I'd be happy to run the numbers and show you what your equity could do for you.
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Tip of the Week
Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.
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Tips for Homeowners
HOA Fees and How They Affect Your Mortgage
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1.
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HOA dues are included in your debt-to-income ratio calculation when you apply for a mortgage. High HOA fees reduce how much home you can qualify for.
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2.
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Before buying in an HOA, review the financials: reserve fund balance, any pending special assessments, and recent meeting minutes. A depleted reserve fund can mean a large unexpected charge.
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3.
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HOA dues are generally not tax-deductible for a primary residence. If the home is a rental property, dues may be deductible as a business expense.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Timothy Dial team any time and we'll walk you through your options. |
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