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Mortgage Market Update
Timothy Barbieri
Timothy Barbieri
Tuesday, October 20, 2026
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Home equity: what it can do for you |
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A Note From Timothy Barbieri
A quick update from our team
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One of the best parts of owning a home is watching your stake in it grow. Today I want to walk you through how to make that work in your favor.
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Equity & Refinancing
What your home's value means for your options
If you've owned your home for a few years, chances are you've built equity—the difference between what your home is worth and what you owe on it. That equity can open doors. Some borrowers use it to refinance into better loan terms, lower their rate, or shorten their loan length. Others tap it for cash to handle major expenses or improvements. The first step is understanding what you have. A simple conversation about your home's current value and your loan balance can show you what might be possible. There's no obligation—just clarity on whether refinancing or another option makes sense for your situation.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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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 Timothy Barbieri team any time and we'll walk you through your options. |
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6 Wills Way, Building 2 Piscatway NJ 08854
732-476-9230 | https://www.petracephas.com/applywithtim
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