Teli.AI · November 3, 2026

Do you know how much equity you have?

Mortgage Market Update

My Mortgage Company

Teli.AI

Tuesday, November 3, 2026

Do you know how much equity you have?

Hi there. Each payment you make moves you closer to real ownership and financial strength.

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 & Access

How your home builds opportunity

As you pay your mortgage each month, something powerful happens: you're building equity. That's the difference between what your home is worth and what you still owe. Over time, equity becomes real financial flexibility. You can tap into it through a refinance, a home equity line of credit, or simply use it as a safety net. The sooner you understand how much equity you have, the sooner you can think strategically about what it means for your future—whether that's funding a major project, consolidating debt, or just knowing you have options. If you've owned your home for a few years, now's a good time to see where you stand.

Let's talk about what your equity position looks like and what doors it might open 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

Teli.AI

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