Work Hard Mortgage · August 1, 2026

Do you know how much equity you've built?

Mortgage Market Update

Ryan Harding

Work Hard Mortgage

Saturday, August 1, 2026

Do you know how much equity you've built?

Hello, I'm sharing a quick insight this week that might surprise you about your home's value.

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, there's a good chance you have more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage — and it can be a powerful financial tool.

Building equity happens two ways: as you make monthly payments, you're paying down your loan balance, and as your home holds or gains value over time. Whether you're thinking about a future refinance, a home improvement project, or just want to understand your financial position better, knowing your equity is the first step. I can help you get a clear picture of where you stand. Let's talk.

If you're curious about your equity or how it might work for you, I'd be glad to walk through the numbers.

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 Ryan Harding team any time and we'll walk you through your options.

Your Mortgage Advisor

R

Ryan Harding

Work Hard Mortgage

ryan@workharding.com

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