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Saturday, August 1, 2026 |
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Mortgage Market Update
How much equity have you actually built?
Hi there — it's been a while for some of you, and I wanted to check in on something important. A lot of homeowners don't realize how much financial flexibility they've created by building equity in their homes.
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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 & Cash
Do you know how much equity you've built?
If you've been paying your mortgage for a few years, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you still owe — and it can be a powerful financial tool. Some people tap it to fund home repairs, pay off debt, or cover major expenses. Others use it to refinance into better loan terms. The first step is finding out where you stand. A quick conversation with me can give you a realistic picture of your equity and show you what options might be available to you. Knowing your equity isn't just about numbers on paper — it's about understanding your financial flexibility. Let's talk about yours. I'd be happy to walk through your equity position and explore what makes sense for your situation.
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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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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 Michael Langille team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton, CO 80601
303-549-1119
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