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Mortgage Market Update
Bill Szlinis
Bill Szlinis
Saturday, August 1, 2026
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You might have more home equity than you think |
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Hi there—this week I want to talk about something that often gets overlooked: the equity sitting in your home right now.
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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 home equity than you think
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own. As you pay down your loan balance and your home appreciates over time, that equity grows. It's easy to lose track of, but knowing what you have matters. Your equity can become a tool: some borrowers tap it for home improvements, debt consolidation, or life events through a home equity loan or line of credit. Others build it strategically as part of their long-term wealth plan. The first step is simple—find out where you stand. I can help you understand your current equity position and talk through whether it makes sense to use it, or just keep building it quietly in the background. Reach out if you'd like to discuss your home's equity and what options might be worth exploring.
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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 Bill Szlinis team any time and we'll walk you through your options. |
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