Sean G Lusk — Sean G Lusk · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

My Mortgage Company

Sean G Lusk — Sean G Lusk

Saturday, August 1, 2026

How much equity have you actually built?

Hi there. This week I want to focus on something many homeowners overlook — and it could surprise you.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

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 Check

Do you know how much home equity you've built?

If you've owned your home for a few years, you might have more equity than you realize. Every mortgage payment builds it, and home values in many markets have climbed steadily. That equity can be a powerful financial tool — it opens doors to refinancing, home equity loans, or cash-out options if you ever need it.

The tricky part is that most homeowners don't check. You might have forgotten what you paid, or the home value has shifted since you bought. I can help you get a clear picture of where you stand: what you owe, what your home is worth now, and what that equity means for your options. It's worth knowing, whether you're thinking of moving, improving your home, or just curious about your net worth.

Let's run the numbers on your equity — reach out and we'll take a look together.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

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.

2.

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.

3.

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.

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

Your Mortgage Advisor

M

My Mortgage Company

Sean G Lusk — Sean G Lusk

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