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Mortgage Market Update
Your Lender Erin
Xpert Home Lending
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 remind you about one of the quieter superpowers of homeownership — and how it can work for you.
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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
You might have more equity than you think
Every mortgage payment you make builds equity in your home — that's the difference between what your house is worth and what you still owe on it. If you've owned your home for a few years, that number could be substantial. Knowing your equity matters because it unlocks options: you may qualify for a cash-out refinance, a home equity line of credit, or even skip PMI if you've hit that threshold. It's also a safety net. The more equity you have, the more financial cushion you're building. If you're not sure where you stand, I'd encourage you to reach out. I can run the numbers and show you exactly what that equity position looks like and what it might mean for your financial goals. Let's review your equity and talk through what's possible.
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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 Your Lender Erin team any time and we'll walk you through your options. |
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5103046216 | www.yourlendererin.com
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