| |
 |
Saturday, August 1, 2026 |
|
|
Mortgage Market Update
How much equity have you built?
Hi there. This week I want to talk about something that's often hiding in plain sight for homeowners: the equity sitting in your house right now.
|
|
|
|
National Mortgage Rates · July 30, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%23050505%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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
What's your home actually worth to you right now?
If you bought your home a few years ago, there's a good chance you've built more equity than you realize. Home values have shifted, and you may have paid down principal faster than expected. That equity can be a powerful financial tool—whether you want to tap it for a major expense, consolidate debt, or explore a cash-out refinance. The tricky part is that equity isn't automatic savings; it only matters when you understand how much you have and what you can actually do with it. I've helped plenty of borrowers discover they had options they didn't know existed. If you haven't thought about your home's current value in a while, it's worth a conversation. Let me know, and we can look at where you stand.
|
|
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 Chris Laye team any time and we'll walk you through your options.
|
|
460 Shadowood Ct Roswell GA 30075
678-313-4879
Prime Property Lending · Unsubscribe
|
|
