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A Note From Cory Hoag
Cory & Crew Updating You!
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THIS WEEK
Your equity might be worth a conversation
Hi, I hope you're having a great week. Today I want to touch on something that builds quietly in the background of homeownership—and can make a real difference when you know how to use it.
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RATE SNAPSHOT · August 13, 2026
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30-YR FIXED
6.67%
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FHA 30-YR
6.47%
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VA 30-YR
6.33%
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Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
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Equity & Refinancing
Your equity might unlock better terms
If you've been paying your mortgage for a few years, you've likely built equity—and that can work in your favor. When you've paid down a meaningful portion of your loan, lenders see you as lower risk, which can open doors to better loan programs and terms you might not have qualified for when you first bought. A refinance isn't right for everyone, but it's worth exploring if rates have moved or if your financial situation has improved. The equity you've built is real value; understanding how to use it strategically is smart homeownership. I'd love to walk you through whether a refinance makes sense for your situation.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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1.
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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2.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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3.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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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 Cory Hoag team any time and we'll walk you through your options.
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