Kaelan Cheatham · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

Kaelan Cheatham

Kaelan Cheatham

Saturday, August 1, 2026

How much equity have you actually built?

Hi there. This week I want to help you see the real value you've built into your home—and what you might do with it.

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 equity you've built?

If you've owned your home for a few years, you're probably sitting on more equity than you realize. Every mortgage payment builds it, and home values have shifted the landscape too. That equity isn't just a number on paper—it's real money you can access if you need it, whether that's for home improvements, consolidating debt, or handling an unexpected expense.

Understanding your equity position matters because it opens doors. You might qualify for a home equity line of credit, a cash-out refinance, or other options that could work in your favor. The first step is simple: let's pull your numbers and see where you actually stand. It might be worth more than you think.

Reach out and we can run a quick equity check 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 Kaelan Cheatham team any time and we'll walk you through your options.

Your Mortgage Advisor

K

Kaelan Cheatham

Kaelan Cheatham

loans@cheathamteam.com

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