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A Note From Cory Hoag
Cory & Crew Updating You!
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THIS WEEK
How much equity have you built?
Hi there—this week I want to help you see your home in a new light. Your equity might be working harder for you than you think.
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RATE SNAPSHOT · July 30, 2026
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30-YR FIXED
6.66%
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FHA 30-YR
6.43%
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VA 30-YR
6.25%
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Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
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Equity Check
What's your home actually worth right now?
A lot of my clients are surprised when they learn how much equity they've built—sometimes without even realizing it. Your equity is the difference between what your home is worth today and what you still owe on your mortgage. It grows two ways: as you make monthly payments, and as your home's value appreciates over time. Why does this matter? If you've built significant equity, you may have options you didn't know about—from a cash-out refinance to a home equity line of credit to tapping that money for home improvements, education, or other goals. The first step is knowing where you stand. I'd be happy to give your situation an honest look and help you understand what equity means for your specific circumstances.
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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 Cory Hoag team any time and we'll walk you through your options.
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