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Saturday, October 31, 2026 |
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Mortgage Market Update
What your equity could actually do
Hello — as rates and life move forward, so does your financial picture. This week I want to touch on something many homeowners overlook: the wealth you're already building.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
6.90%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 Strategy
When to tap your home's equity
As you pay down your mortgage, you're building equity — real wealth locked inside your home. But equity isn't just a number on paper; it can be a tool. If you've owned your home for a while and rates or life circumstances change, you may have options: a cash-out refinance to pull equity out for major expenses, a home equity loan for flexibility, or simply staying the course. The right move depends on your goals, your current loan terms, and what you'd use the money for. There's no one-size-fits-all answer, which is why it's worth a conversation. I can walk you through what makes sense for your situation.
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Tip of the Week
Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.
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2.
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The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.
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3.
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There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.
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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 Sylvia Sanders team any time and we'll walk you through your options.
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12230 El Camino Real #100 San Diego, CA 92130
760-429-4470
The Sanders Team | Military Lending Pros · Unsubscribe
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