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A Note From Jonathan V Reece
GLAD TO BE BACK IN YOUR IN BOX.
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THIS WEEK
How much equity have you actually built?
Hello, and thanks for being here. This week I want to walk you through something that matters more than you might think—and it's probably sitting in your home right now.
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RATE SNAPSHOT · July 30, 2026
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30-YR FIXED
6.66%
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FHA 30-YR
6.43%
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VA 30-YR
6.25%
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Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
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Equity Check
Do you know how much equity you've built?
If you've owned your home for a few years, there's a good chance you've built more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage. As you make monthly payments, you're building it automatically. And if your home has appreciated, that's equity too. Why does this matter? Equity opens doors. It can help you refinance into better terms, tap into funds for home improvements or other needs through a home equity line, or build wealth over time. The first step is understanding what you actually have. If you'd like a quick conversation about your situation and what options might make sense, I'm here to help.
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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 Jonathan V Reece team any time and we'll walk you through your options.
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