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Mortgage Market Update
My Mortgage Company
Tyson Wynia — Tyson Wynia
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 talk about something many homeowners overlook—and it could affect your financial flexibility.
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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 Check
Do you know how much equity you've built?
If you've owned your home for a few years, you're likely sitting on more equity than you realize. Every mortgage payment builds it—and so do rising home values in many markets. That equity can become real money when you need it: a source for home improvements, education expenses, or a down payment on another property. The challenge is most homeowners never actually calculate it. You don't need a full appraisal to get a rough number. If you'd like to explore what you might have available, I can walk you through it in about ten minutes. It's a conversation worth having, especially if life circumstances have changed since you bought. Let me help you get a clear picture of your equity and what options it opens up.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Tyson Wynia — Tyson Wynia
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