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Mortgage Market Update
My Mortgage Company
Julio C Quintana — Julio C Quintana
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hey there—this week I want to talk about something many homeowners overlook: the equity they're building every month. It's easier to explore than you might think.
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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 & Refinancing
Your home's 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 equity—the difference between what your home is worth and what you owe—can be a real financial tool. Some borrowers use it to refinance into better loan terms, consolidate debt, or fund home improvements that add value. The tricky part is knowing what your home is actually worth and whether tapping that equity makes sense for your situation. It's not always the right move, but it's worth understanding your options. I'd be happy to walk you through what equity you've built and whether any of these strategies could work for you. Let's talk about your equity and what it might mean for your next financial move.
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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
Julio C Quintana — Julio C Quintana
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