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Mortgage Market Update
Robert Hetherington
Robert Hetherington
Saturday, August 1, 2026
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How much equity have you built in your home? |
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Hi there. Most homeowners don't realize just how much equity they're building with each payment—or what they can do with it.
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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 Building
You're building wealth every month—here's why
Every mortgage payment you make does two things: it chips away at what you owe the bank, and it builds equity in your home. That equity is real wealth. As you pay down your loan, you own more of the house outright. On top of that, when your home's value appreciates over time, that gain is yours too. Tapping into your equity later—whether for a major repair, education, or opportunity—is one of the smartest moves homeowners can make. If you've been in your home for a few years, you might have more equity than you think. I'd love to help you understand exactly where you stand and what options could be available to you. Let's talk about your equity and what it could mean for your future.
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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 Robert Hetherington team any time and we'll walk you through your options. |
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11 Garce Ave Suite 408 Great Neck NY 11021
5163837350 | www.silverfincapital.com
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