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Saturday, August 1, 2026 |
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Mortgage Market Update
How much equity have you actually built?
Hi there—I hope your home is treating you well this week. Today I want to talk about something that often surprises my clients: how much wealth they're quietly building.
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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 Building
You might have more equity than you think
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own outright. Over time, as you pay down your loan balance and your home appreciates, that equity grows. If you bought a few years ago, you could be sitting on meaningful equity right now, even if your home value has just stayed flat. Why does this matter? Equity opens doors. It can be tapped for a cash-out refinance to fund repairs or other needs, used as a down payment on a second property, or simply be a financial safety net. The first step is knowing what you have. I'd be happy to run a quick equity check for you—no obligation, just clarity on where you stand.
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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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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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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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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 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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