Levelup Coaching · November 3, 2026

Do you know how much equity you have?

Mortgage Market Update

My Mortgage Company

Levelup Coaching

Tuesday, November 3, 2026

Do you know how much equity you have?

Hi—I wanted to touch on something that's often overlooked but incredibly valuable: the equity you've already built in your home.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

Rate trend

Source: Optimal Blue daily mortgage indices via FRED

Rates shown are national mortgage index rates 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.


Equity & Leverage

Your home's equity is real money—here's why it matters

As a homeowner, you're building equity with every payment you make. That equity represents real financial power, and knowing what you have access to can open doors when you need them.

Whether you're thinking about a major home project, consolidating debt, or covering an unexpected expense, your equity can work for you. Different loan programs let you tap into it in different ways—some with lower costs than others. The key is understanding your options before you need them. If you're curious about what your home might be worth now, or how much equity you've built since you bought, I'd love to walk you through it.

Let's talk about what your equity means for your financial goals.

Tip of the Week

Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.

Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.

2.

The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.

3.

There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

M

My Mortgage Company

Levelup Coaching

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