What you can do with your home equity

One of the best parts of homeownership is building equity over time. Today I want to share how that equity can become a tool.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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 & Borrowing

Your home's equity can work for you

As you pay down your mortgage and your home appreciates, you build equity—real wealth sitting in your property. Many homeowners don't realize they can tap into that equity without selling. Whether you need cash for a renovation, debt consolidation, or a major expense, there are loan programs designed to let you borrow against what you've built. The key is understanding your options and what makes sense for your situation. If you've been in your home for a few years, this might be worth exploring. I'd be happy to walk you through how it works and whether it's a fit for you.

Let's talk about what your equity can do for you—reach out anytime.

Tip of the Week

Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Melanie Hadley Lending Team team any time and we'll walk you through your options.

Your Mortgage Advisor

Melanie Hadley Lending Team

melanie@melaniehadley.com

(512) 799-8117

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(512) 799-8117

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