Lester Marcano · August 1, 2026

How much equity have you built?

Mortgage Market Update

Lester Marcano

Lester Marcano

Saturday, August 1, 2026

How much equity have you built?

Hi there—we're back with this week's homeowner insight. Today's topic: equity, and why knowing yours matters.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

Rate trend

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.


Equity Check

Do you know how much equity you've built?

If you've owned your home for a few years, you're probably sitting on more equity than you realize. Every payment you make builds it, and if your home has appreciated, that's equity too. Knowing your number matters because it opens doors—whether you're thinking about refinancing, tapping into a home equity line, or just curious about your financial standing.

The tricky part is that most homeowners guess. A quick conversation with me takes the guesswork out. I can run the numbers based on your current loan balance, today's home values in your area, and show you exactly where you stand. That clarity often leads to smart moves down the road.

Let's talk about your equity and what it could mean for your financial goals.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Lester Marcano team any time and we'll walk you through your options.

Your Mortgage Advisor

L

Lester Marcano

Lester Marcano

lester@a-zlending.com

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