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Saturday, October 31, 2026 |
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A Note From Ryan Kearns
Most of what's in here is the news everyone's reading. Rates, headlines, the same stories making the rounds.
The headlines are one thing. What they mean for you is another, and that's where I come in.
If something below catches your eye, or nothing has and you're just wondering where you stand, call me. That's what I'm here for.
— Ryan
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Mortgage Market Update
What you can do with home equity
Homeownership builds wealth in ways that might not be obvious. One of those ways is equity—and it's worth knowing what it can do for you.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.15%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates 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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Home Equity
The equity you've built is an option
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity isn't just sitting there; it's an asset you can actually use if you need to. Whether you're facing a major expense, planning a home improvement, or dealing with an unexpected cost, a home equity line of credit or loan lets you tap into what you've earned. It's different from your primary mortgage and comes with its own terms, so it's worth understanding how it works and whether it makes sense for your situation. I'm happy to walk you through what's available and what might fit your needs.
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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 Ryan Kearns team any time and we'll walk you through your options.
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3903 Northdale Blvd., Suite 100E Tampa FL 33624
813-540-3319
Kearns Mortgage Team, NMLS #2177472 · Unsubscribe
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