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A Note From Cory Hoag
Cory & Crew Updating You!
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THIS WEEK
Your equity might be worth a conversation
Hi, I hope you're having a great week. Today I want to touch on something that builds quietly in the background of homeownership—and can make a real difference when you know how to use it.
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RATE SNAPSHOT · August 13, 2026
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30-YR FIXED
6.67%
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FHA 30-YR
6.46%
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VA 30-YR
6.36%
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Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
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Equity & Refinancing
Your equity might unlock better terms
If you've been paying your mortgage for a few years, you've likely built equity—and that can work in your favor. When you've paid down a meaningful portion of your loan, lenders see you as lower risk, which can open doors to better loan programs and terms you might not have qualified for when you first bought. A refinance isn't right for everyone, but it's worth exploring if rates have moved or if your financial situation has improved. The equity you've built is real value; understanding how to use it strategically is smart homeownership. I'd love to walk you through whether a refinance makes sense 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 Cory Hoag team any time and we'll walk you through your options.
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