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Mortgage Market Update
Tony Zerwas
Tony Zerwas
Saturday, October 31, 2026
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Home equity: understanding what you've built |
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As a homeowner, you've likely built up equity without thinking much about it. Here's why it's worth paying attention to.
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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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Equity & Access
What your home equity can do for you
As you pay down your mortgage, you're building equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. Depending on your situation, it can be a tool: a way to tap into cash for home repairs, education, debt consolidation, or other major expenses. The right loan program can make accessing that equity affordable and straightforward. The key is understanding which option fits your timeline and goals, and knowing what questions to ask before you move forward. If you're curious whether your equity could work for you, I'd love to walk through the possibilities. Reach out, and we can talk about whether tapping your equity 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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1.
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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 Tony Zerwas team any time and we'll walk you through your options. |
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