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Mortgage Market Update
Krunal Shah
Krunal Shah
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there—this week I want to talk about something that quietly works in your favor every single month. Whether you're a longtime homeowner or bought a few years ago, there's a good chance you've built more equity than you realize.
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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
How much equity are you sitting on right now?
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Most people don't realize how much they've accumulated over a few years of payments, especially if rates have moved and home values have shifted in their area. That equity can open doors: it might qualify you for a cash-out refinance, a home equity line of credit, or give you options down the road you didn't know you had. The tricky part is that equity isn't always obvious unless you check. A quick conversation about your situation can help you understand what you've built and whether it makes sense to tap into it for something that matters—a renovation, debt payoff, or just peace of mind. If you're curious where you stand, I'd be happy to walk through the numbers with you.
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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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1.
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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 Krunal Shah team any time and we'll walk you through your options. |
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