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Saturday, August 1, 2026 |
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Mortgage Market Update
How much equity have you actually built?
Hi everyone. This week I want to walk you through something a lot of homeowners overlook—and it could genuinely help you down the road.
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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
Do you know how much equity you've built?
If you've owned your home for a few years, you likely have 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. Knowing your number matters—it opens doors. You might qualify for a home equity loan or line of credit to fund renovations, pay off debt, or handle an unexpected expense. You could also refinance into a better loan program if rates or your situation have shifted. The best part? You don't need to guess. A quick conversation with me can help you understand exactly where you stand and what options make sense for your situation.
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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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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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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 Matt Maier team any time and we'll walk you through your options.
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25 S Arizona Pl Suite 210, Chandler, AZ 85225
Matt
Matt Maier · Unsubscribe
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