Joseph Cowart — Joseph Cowart · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

My Mortgage Company

Joseph Cowart — Joseph Cowart

Saturday, August 1, 2026

How much equity have you actually built?

Hi there. A lot changes in a few years of homeownership, and most of it works in your favor. This week I want to help you see what you might be sitting on.

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've likely built more equity than you realize—through monthly payments, home appreciation, or both. That equity can be a financial tool: it opens doors to refinancing options, home equity lines of credit, or cash-out refinances if you need funds for repairs, education, or other goals.

The tricky part? Most homeowners never actually calculate it. Knowing your equity position is the first step to understanding what's available to you. I'd be happy to run the numbers and show you where you stand. It's easier than you'd think, and it could change what's possible for you financially.

Reach out and let's talk about your equity—no obligation, just real numbers and real options.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

M

My Mortgage Company

Joseph Cowart — Joseph Cowart

You are receiving this from Joseph Cowart — Joseph Cowart.  Unsubscribe