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A Note From Jonathan V Reece
NEED TO ACCESS YOUR EQUITY AND DON'T SHOW REGULAR INCOME??
THAT'S OK!!! WE HAVE NEW DSCR & HELOC PRODUCTS!!!
REACH OUT TO ASK ME ABOUT OUR DSCR LOANS & BANK STATEMENT HELOC OPTIONS.
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THIS WEEK
Thinking about accessing your home equity?
Hi there. This week I want to talk about one of the most practical tools available to homeowners—and when it actually makes sense to use it.
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RATE SNAPSHOT · August 27, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
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Cash Out Strategy
When tapping your equity makes sense
If you've been paying your mortgage for a few years, you've likely built equity—and that represents real money tied up in your home. Some homeowners use a cash-out refinance to access that equity for major expenses: home improvements, medical bills, education, or debt consolidation. The key is understanding whether borrowing against your home is the right tool for what you need. It can make sense when rates and your situation align, but it's worth thinking through the repayment terms and what you're using the money for. I'm here to walk you through whether this option fits your goals.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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1.
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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2.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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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 Jonathan V Reece team any time and we'll walk you through your options.
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