Swift Mortgage · August 1, 2026

How much equity are you sitting on?

Mortgage Market Update

Swift Mortgage

Swift Mortgage

Saturday, August 1, 2026

How much equity are you sitting on?

Every week I see homeowners surprised by how much they've paid down on their mortgage. Let's make sure you know where you stand.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

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 bought a home a few years ago, you've likely built more equity than you realize. Every mortgage payment chips away at what you owe, and many homeowners have also seen their property values climb. That equity can open doors—whether you're thinking about a cash-out refinance, a home equity loan, or just want to understand your financial position better.

The tricky part is that equity isn't always obvious until you do the math. If you've been curious about what your home is actually worth or how much of it you truly own, now's a smart time to find out. I can help you get a clear picture and talk through what options might make sense for your situation.

Let's do a quick equity check—reach out and we can walk through the numbers together.

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

Your Mortgage Advisor

S

Swift Mortgage

Swift Mortgage

todd@swiftmortgagebroker.com

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