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Mortgage Market Update
My Mortgage Company
Imagination Age Mortgage
Thursday, August 27, 2026
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How much equity do you actually have? |
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Hi there. This week I want to help you see something important about your home that a lot of borrowers overlook.
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National Mortgage Rates · August 20, 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 Awareness
Your home equity might be bigger than you think
If you've been paying your mortgage for a few years, or if your home has appreciated, you likely have equity built up. That's the difference between what your home is worth and what you still owe on it. Many homeowners don't realize how much equity they've accumulated, which means they miss opportunities to use it strategically. Whether you're thinking about a major home improvement, consolidating debt, or funding another goal, understanding your equity is the first step. It can open doors you didn't know were there. I'd love to help you figure out exactly where you stand and what options might make sense for your situation. Let's talk about your equity and what it could mean for you.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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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
Imagination Age Mortgage
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