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Mortgage Market Update
Max Lloyd
Max Lloyd
Thursday, August 20, 2026
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When to borrow against your home's equity |
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Hi there—I want to share something I'm discussing with a lot of homeowners right now: knowing when to use the equity you've built.
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National Mortgage Rates · August 13, 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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Smart Money Moves
Should you tap your equity now?
If you've been a homeowner for a few years, you likely have equity sitting in your home—money you've built through payments and any appreciation. The question isn't whether you have it; it's whether now makes sense to use it. A cash-out refinance or home equity line of credit can fund renovations, consolidate debt, or cover major expenses. But timing and your financial picture matter. The right move depends on your goals, how long you plan to stay in your home, and whether borrowing against equity aligns with your overall plan. I'd be happy to walk through your options and what the numbers might look like for your situation.
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Tip of the Week
If your credit score is below 740, even small improvements before applying for a mortgage can save you thousands over the life of the loan.
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Tips for Homeowners
Weatherproofing Your Home Before Winter
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1.
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Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
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2.
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Check attic insulation and ventilation before winter. Inadequate insulation leads to heat loss, higher energy bills, and ice dams on the roof that can cause significant damage.
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3.
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Inspect weatherstripping on all exterior doors. A simple dollar-bill test works: close the door on a bill — if you can pull it out easily, your weatherstripping needs replacing.
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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 Max Lloyd team any time and we'll walk you through your options. |
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2488261172 | lloydlendingteam.com
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