Stephen Bellew · November 3, 2026

How much equity are you sitting on?

Mortgage Market Update

Stephen Bellew

Stephen Bellew

Tuesday, November 3, 2026

How much equity are you sitting on?

Hi there. I wanted to share something about homeownership that deserves more attention than it usually gets.

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

Your home is working for you—here's how to see it

One of the best-kept secrets about homeownership is that every mortgage payment builds something valuable: equity. That's the difference between what your home is worth and what you still owe on the loan. Over time, as you pay down the principal, you're literally building wealth in your property.

Why does this matter? Because equity opens doors. It can be borrowed against for major life expenses, it grows as your home's value changes, and it's yours to keep. Many homeowners don't realize how much equity they've accumulated until they need it. A quick conversation can show you exactly where you stand and what options that might unlock.

Let's take a look at your equity and talk about what it means for your financial picture.

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 Stephen Bellew team any time and we'll walk you through your options.

Your Mortgage Advisor

S

Stephen Bellew

Stephen Bellew

sbellew@power-lending.com

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