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Mortgage Market Update
Rad Mortgage
Rad Mortgage
Saturday, August 1, 2026
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How much equity have you built? |
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A Note From Rad Mortgage
This week we were able to help a family move into their first home and got them cleared to close in under 10 days! We are grateful for any referrals and would love to provide this experience for any of your family and friends!
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Hi there—this week I want to help you see the bigger picture of your home investment. Here's something many homeowners overlook:
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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 Awareness
How much home equity are you sitting on?
If you've owned your home for a few years, you're likely building equity with every mortgage payment—and you might have more than you realize. Equity is the difference between what your home is worth and what you still owe on your loan. It's real wealth, and knowing your number matters because it can open doors: a home equity line of credit for renovations, a cash-out refinance to fund a major life event, or simply peace of mind knowing you're building something solid. The best time to understand your equity position is now, before you need it. I'd be happy to help you get a clear picture of where you stand.
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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 Rad Mortgage team any time and we'll walk you through your options. |
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4802720845 | radcliffemortgageteam.com
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