Written by Chase Majerus
Welcome to This Week Today — your quick-hit rundown of what’s happening in housing, finance, and real estate. From FHA policy shifts to possible price drops, we’ve got the headlines (and a few smart moves you can make) to help you stay informed, financially fit, and maybe even a little entertained.
A home equity line of credit, or HELOC, lets you borrow against your home’s available equity. Applying for a HELOC with Synergy One Lending is fast and easy. Our application is fast, easy, and all online. If pre-approved, you’ll be instantly presented with your offer options.
(from NationalMortgageNews.com)
The Federal Housing Administration (FHA) is ending a policy that gave first dibs on certain foreclosed homes to everyday buyers, nonprofits, and government groups.
They found that these longer sales windows mostly caused delays, property damage, and higher costs, without actually helping many regular buyers. Only about 3% of these homes sold to owner-occupants or nonprofits during the special period, which made the program ineffective.
Now, the FHA is shortening the time these homes are held for preferred buyers to speed up sales and cut costs, following a similar move by other housing agencies. These changes come at a time when foreclosure risks are rising, especially for FHA borrowers who tend to have lower incomes.
If you love cars, water views, and luxury living, this $29 million Fort Lauderdale estate might just be your dream home. With a Modern Mediterranean design and a long list of jaw-dropping features, this property was built to impress inside and out. Let’s check it out:
With world-class features and unbeatable water views, this Fort Lauderdale masterpiece is built for the ultimate luxury lifestyle.
Darrel and Patrice Maxam started by renting a bedroom in their Atlanta home on Airbnb just to help pay their mortgage. Over time, they expanded by adding tiny homes, treehouses, and other units, eventually building a full short-term rental business. Today, they’ve moved their focus to a custom-built cabin village in upstate New York that brings in up to $60,000 a month.
They grew slowly, reinvesting their earnings one step at a time, rather than taking on huge debt upfront. Their story shows how small beginnings and smart financial moves can turn into something big.
Speaking of smart financial moves, financial fitness is a huge part of the equation — and that’s where our S1FinFit app comes in.
If you want to strengthen your financial foundation (without needing to rent out a bedroom), download the S1FinFit app today! With the app, you can track your spending, build budgets, monitor your credit, set savings goals, and determine your mortgage readiness — all designed to make reaching your financial dreams easier.
You can apply for a HELOC HERE!
Or, if you’re looking for extra cash like the Maxams once were, you don’t have to pack up your home every weekend — you could get a HELOC (Home Equity Line of Credit) with Synergy One Lending instead.
A HELOC lets you borrow against the value of your home, giving you flexible access to funds whenever you need them, whether it’s for renovations, investments, or paying off debt. The best part? You can apply in just a few minutes and get funded in as little as 5 days.
You can apply for a HELOC HERE!
Take control of your financial future — whether it’s starting a business, remodeling your dream home, or simply having more options — with S1FinFit and Synergy One Lending.
S1 FinFit is a FREE app that provides a roadmap to help you reach your financial and lifestyle goals, no matter how big or small! Free credit monitoring with alerts, set financial goals, create budgets, and keep track of your spending to see where your money is going.
Download the app on the appropriate app store with the links below!
Two U.S. senators — one Democrat and one Republican — are working together on a bill to make it easier for first-time buyers to afford a home.
The bill would expand two federal programs: one that offers lower mortgage rates and another that gives tax credits to help with mortgage costs. It would also update the rules so families could refinance, make home upgrades like adding ramps or improving energy efficiency, and deal with construction delays more easily.
The goal is to help more working families buy their first home and stay in it safely over the long term. This is part of a larger, bipartisan push in Congress to find solutions for the growing housing affordability crisis.
Zillow Says Home Prices Might Finally Dip
Zillow predicts home prices will dip about 1.9% this year, offering a small but welcome break for buyers.
Thanks to more homes hitting the market and higher mortgage rates slowing demand, sellers are starting to cut prices to stay competitive.
Experts say this is not a housing crash — just a normal correction after years of skyrocketing prices. Most homeowners are still in good shape financially and aren’t being forced to sell. For buyers, this could mean more choices and a little more negotiating power by the end of the year.
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