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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Thursday, August 20, 2026
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What your equity could do for you |
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Hi there. This week I want to talk about something that many homeowners overlook: the untapped potential in their home equity.
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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 & Refinancing
Your equity could be working harder for you
If you've been paying your mortgage for a few years, you've likely built up meaningful equity in your home. That equity isn't just a number on paper—it can be a real financial tool. Some homeowners use it to refinance into better loan terms, consolidate debt, or fund home improvements that increase their home's value. Others tap into it when life circumstances change and they need access to cash. The key is understanding what options are available to you and whether any of them make sense for your situation right now. If you're curious whether your equity could work better for you, I'd love to walk you through what's possible.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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