Jose L Calvo Jr — Jose Calvo Jr · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

My Mortgage Company

Jose L Calvo Jr — Jose Calvo Jr

Saturday, August 1, 2026

How much equity have you actually built?

When you own a home, something quiet but powerful happens every month: you're building wealth. Today I want to help you see what that really looks like in your situation.

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 Building

How much equity have you built in your home?

Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. If you've owned your home for a few years, you may have more equity than you realize, and that opens doors: you could refinance to a better rate, tap into it for a large expense, or simply feel more secure knowing you're building something tangible.

I encourage homeowners to get a sense of their current equity position at least once a year. It helps you understand your financial picture and plan ahead. If you'd like to talk through what your equity might mean for your situation—whether that's refinancing, a home equity line of credit, or just peace of mind—I'm here to walk you through the numbers.

Reach out if you'd like to explore what your equity could do 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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

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My Mortgage Company

Jose L Calvo Jr — Jose Calvo Jr

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