Josh Nastal · November 3, 2026

Your home equity might surprise you

Mortgage Market Update

My Mortgage Company

Josh Nastal

Tuesday, November 3, 2026

Your home equity might surprise you

Hello, and thanks for staying in touch. This week I want to talk about something many homeowners don't think about enough: equity.

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 Building

You might have built more equity than you think

Every mortgage payment you make builds equity in your home — the difference between what your house is worth and what you still owe. Over time, that number grows. Some borrowers are surprised to learn how much equity they've accumulated, especially if they've been in their home for several years or if their property has appreciated.

Why does this matter? Equity is real wealth sitting in your home. It can give you options: the ability to borrow against it if you need funds, flexibility if you decide to sell, or simply the peace of mind of owning more of your home outright. If you're curious whether you might have equity available to you — and what it could mean for your financial picture — I'd love to walk through it with you.

Reach out anytime, and we can talk through your home equity and what options might make sense for you.

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

Josh Nastal

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