Delaware Financial Mortgage · August 27, 2026

How much equity do you actually have?

 

Thursday, August 27, 2026

Mortgage Market Update

How much equity do you actually have?

Hi there—this week I want to remind you of something that happens quietly every month: you're building wealth in your home. Let me explain.

National Mortgage Rates · August 20, 2026

30-Year Fixed

6.40%

FHA 30-Year

6.28%

VA 30-Year

6.07%

Rate trend

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.

Equity Building

Your home equity is probably worth more than you think

Every mortgage payment you make builds equity—you're paying down the loan balance while your home itself may be appreciating. Over time, that equity becomes real financial flexibility. You might tap it for a home improvement, cover an emergency, or even use it toward a larger purchase down the road. The longer you've owned your home, the more equity you've likely accumulated. If you're curious whether you have enough equity to explore options like a cash-out refinance or a home equity line of credit, now is a good time to take stock. I'm happy to help you understand what you're working with and what it might mean for your financial goals.

Are you interested in applying for a HELOC? Click here to get started and find out in less than 5 minutes if you qualify based off a soft credit pull: https://flow.avenfoundry.com?i=8670ff65-24f9-4164-8f99-f4933fa0aa51

Let's talk about your home's equity and what options might make sense for you.

Tip of the Week

Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.

Tips for Homeowners

Understanding Mortgage Points

1.

One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.

2.

Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.

3.

Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Angela Cason team any time and we'll walk you through your options.

Your Mortgage Advisor

Angela Cason

Angela Cason

Delaware Financial Mortgage

NMLS# 1384959 · Company NMLS# 128606

angela@delawarefinancial.com

3025987799

f
ig

22 Polly Drummond Hill Road, Newark DE 19711

3025987799

NMLS# 1384959 · Company NMLS# 128606

Delaware Financial Mortgage  ·  Unsubscribe