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A Note From Jonathan V Reece
NEED TO ACCESS YOUR EQUITY AND DON'T SHOW REGULAR INCOME??
THAT'S OK!!! WE HAVE NEW DSCR & HELOC PRODUCTS!!!
REACH OUT TO ASK ME ABOUT OUR DSCR LOANS & BANK STATEMENT HELOC OPTIONS.
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THIS WEEK
Thinking about accessing your home equity?
Hi there. This week I want to talk about one of the most practical tools available to homeowners—and when it actually makes sense to use it.
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RATE SNAPSHOT · August 27, 2026
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30-YR FIXED
6.66%
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FHA 30-YR
6.55%
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VA 30-YR
6.38%
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Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
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Cash Out Strategy
When tapping your equity makes sense
If you've been paying your mortgage for a few years, you've likely built equity—and that represents real money tied up in your home. Some homeowners use a cash-out refinance to access that equity for major expenses: home improvements, medical bills, education, or debt consolidation. The key is understanding whether borrowing against your home is the right tool for what you need. It can make sense when rates and your situation align, but it's worth thinking through the repayment terms and what you're using the money for. I'm here to walk you through whether this option fits your goals.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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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 Jonathan V Reece team any time and we'll walk you through your options.
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