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Mortgage Market Update
Andrew King
Andrew King
Thursday, August 20, 2026
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Your home's equity: what can it do? |
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Hi there. This week I want to talk about something a lot of homeowners overlook—the real money they've already built up in their homes.
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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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Equity Insight
Your home's equity can work harder for you
If you've owned your home for a few years, there's a good chance you've built real equity—the difference between what your home is worth and what you still owe. A lot of homeowners don't realize they can tap that equity to pay for major expenses, consolidate debt, or even fund home improvements that add value back. The two main ways to access it are a home equity loan or a line of credit. Both have different structures and costs, so it matters to understand which fits your situation. If you're curious whether your equity could help you right now, I'd love to walk you through the options and run some numbers together. Reach out if you'd like to explore how your home's equity might work for you.
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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 Andrew King team any time and we'll walk you through your options. |
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