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Mortgage Market Update
Colton Lindsay
Colton Lindsay
Sunday, September 13, 2026
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How much equity do you actually have? |
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Hi there. This week I want to touch on something that quietly works in your favor every single month.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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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Equity Building
Your home equity might be larger than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, especially if your home has appreciated, that number can grow significantly. If you haven't checked your equity position in a while, it might surprise you. Knowing where you stand matters because equity opens doors: it can qualify you for a cash-out refinance, a home equity line of credit, or help you tap funds for renovations, education, or other goals without taking on consumer debt. Whether you're thinking about leveraging that equity or just want to understand your financial picture better, I'm here to walk you through your options. Let's talk about what your equity could do for you.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Colton Lindsay team any time and we'll walk you through your options. |
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