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Mortgage Market Update
Taylor Henderson
Taylor Henderson
Thursday, August 20, 2026
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What you can actually do with your home equity |
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Hi there. This week I want to walk you through a topic that comes up more often than you'd think: what homeowners can do once they've built up equity in their property.
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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 & Access
Your home equity is growing—here's what you can do with it
If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can be a real financial tool. Some borrowers tap it to fund home improvements, pay for education, or consolidate higher-interest debt. Others keep it as a safety net. The key is understanding your options before you need them. Whether a cash-out refinance, a home equity line of credit, or simply holding steady makes sense depends entirely on your situation and goals. I'd love to help you figure out what your equity means for your next move. Let's talk about what your home equity can do for you—reach out whenever you're ready to explore your options.
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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 Taylor Henderson team any time and we'll walk you through your options. |
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