Scott Campbell · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

Scott Campbell

Scott Campbell

Saturday, August 1, 2026

How much equity have you actually built?

Welcome back. This week I want to help you see something you might be overlooking in your home.

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've likely built more equity than you realize. Every mortgage payment chips away at what you owe, and if your home's value has climbed, that's equity too. That equity can be a powerful tool—it opens doors to refinancing, home equity loans, or even funding a renovation without starting over on a new mortgage.

The tricky part is figuring out what your home is actually worth today and how much you still owe. I help clients uncover this all the time, and it often surprises them. If you're curious where you stand, I'd be happy to walk through the numbers with you. It might open up options you didn't know existed.

Send me a message and let's talk about your equity and what it could mean for you.

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 Scott Campbell team any time and we'll walk you through your options.

Your Mortgage Advisor

S

Scott Campbell

Scott Campbell

scampbell@power-lending.com

You are receiving this from Scott Campbell.  Unsubscribe