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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Saturday, August 1, 2026
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How much equity have you built in your home? |
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Welcome to this week's newsletter. I'm sharing something that surprises many homeowners who haven't checked in on their loan in a while.
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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
Your home equity might be worth more than you think
If you've owned your home for a few years and made regular payments, you're likely sitting on more equity than you realize. That's the difference between what your home is worth today and what you still owe on your mortgage. Equity can be a financial tool—you might tap it for a major expense, refinance into better terms, or use it as a down payment on your next property. The best way to know where you stand is a simple conversation. I can help you understand what your equity position looks like and what options that opens up for you. Whether you're thinking about your future or facing an unexpected need, knowing your numbers puts you in control.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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