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Mortgage Market Update
Loans By Brad
Loans By Brad
Saturday, August 1, 2026
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How much equity have you built? |
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Sometimes the best financial moves start with understanding what you already have. This week, let's talk about home equity and why it matters.
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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 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 and what you owe on your mortgage—and it opens doors. You can tap into it for renovations, debt consolidation, education, or other major expenses through a home equity loan or line of credit. The best part: you already own the asset. I often talk to homeowners who are surprised by how much equity they've accumulated. Even modest home appreciation combined with regular mortgage payments adds up fast. If you're curious where you stand, a quick home valuation and conversation with me can show you what options might make sense for your situation. Reach out and I can help you figure out what your equity position looks like today.
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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 Loans By Brad team any time and we'll walk you through your options. |
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