Tim Stacey · August 1, 2026

You might have more equity than you think

Mortgage Market Update

Tim Stacey

Tim Stacey

Saturday, August 1, 2026

You might have more equity than you think

Hi everyone. This week I want to remind you of something that often goes unnoticed: the equity sitting in your home right now.

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

You might have more equity than you think

If you bought your home a few years ago, or if your neighborhood has appreciated, there's a good chance you've built more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on your mortgage — and it can open doors.

That equity can be borrowed against through a home equity loan or line of credit, used to refinance into better terms, or simply held as a cushion. The first step is knowing what you have. A quick home valuation, combined with your current loan balance, tells you exactly where you stand. If you'd like to talk through your equity and what it means for your options, I'm here to help.

Let me know if you'd like to discuss your home's current value and what you might do with the equity you've built.

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 Tim Stacey team any time and we'll walk you through your options.

Your Mortgage Advisor

T

Tim Stacey

Tim Stacey

tim@staceysolutions.net

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