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Mortgage Market Update
Rad Mortgage
Rad Mortgage - Personal Account
Thursday, August 20, 2026
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Should you borrow against your home? |
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A Note From Rad Mortgage
This week we were able to help a family move into their first home and got them cleared to close in under 10 days! We are grateful for any referrals and would love to provide this experience for any of your family and friends!
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Hi there — one of the most common questions I get from longtime homeowners is whether now is a good time to access the equity they've built. Let me share some things to think about.
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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 Borrowing
When tapping your equity makes sense
If you've built equity in your home, you have options — but not every option is right for every situation. A cash-out refinance, home equity line of credit, or home equity loan each work differently, carry different costs, and suit different goals. Before you decide to borrow against what you've built, it's worth understanding what each path looks like and what makes sense for your timeline and budget. The best choice depends on your rate environment, how soon you need the money, and what you're using it for. I'm here to walk you through the tradeoffs so you can move forward with confidence.
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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 Rad Mortgage team any time and we'll walk you through your options. |
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4802720845 | radcliffemortgageteam.com
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