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Mortgage Market Update
My Mortgage Company
Andrea Twyman
Tuesday, November 3, 2026
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You might qualify for more than you realize |
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Hi there. This week I want to touch on something that holds a lot of people back from even asking: what loan programs are actually available to them.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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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.
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Loan Programs
Your credit score might qualify you for more than you think
One of the biggest misconceptions I hear is that you need perfect credit to get approved for a mortgage. That's just not true. Lenders have programs designed for different credit situations, and many borrowers are surprised to learn they qualify for options they didn't know existed. Your credit history is one piece of the puzzle—not the whole picture. We look at your income, employment, down payment, and overall financial habits too. If you've had some bumps in the road or haven't checked your options in a while, it's worth having a real conversation about what programs might work for you now. Let's talk about what you might actually qualify for—no obligation.
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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.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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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.
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2.
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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.
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3.
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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.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Andrea Twyman
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