Written by Chase Majerus

Unlocking Equity

Welcome to the 2nd edition of the This Week Today newsletter, powered by Synergy One Lending! It’s mortgage, real estate, and financial information all wrapped in a tight lil email that fits neatly into your inbox. We imagine you’re reading us instead of working, so grab your espresso and bacon/egg/cheese, and let’s dive into the wild world of home wealth, drywalls, and wisdom!

Trivia: According to InvestorPlace.com, how much does the average 30-second Super Bowl commercial cost? (Answer at the bottom of this newsletter!)

Today's Agenda:

A quick link to the article of your choice

Keychain: Weathering The Storm

Major Manor: Alec Baldwin's Hamptons Home

Social Space

Financial Fitness: 2024 Wealth Management

Keychain: Lower Rates = Home Price Growth?

Vlog: Unlocking Your Equity

Today's Agenda:

A Quick Link to the article of your choice

Keychain: Weathering The Storm

Major Manor: Alec Baldwin's Hamptons Home

Social Space

Financial Fitness: 2024 Wealth Management

Keychain: Lower Rates = Home Price Growth?

Vlog: Unlocking Your Equity

S1L Home Equity Loan

Use Your Home For The Best Future Gains

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.

Keychain

Weathering The Storm

With California under literal water, it got us thinking about the other 49 states. Is this US prepared for more intense weather as time goes on?

As if CNBC read our mind, there is an increasing vulnerability of over 18 million rental units across the U.S. to climate- and weather-related hazards, as revealed by a study from Harvard University’s Joint Center for Housing Studies. It highlights the aging and inadequacy of the rental housing stock to withstand such environmental challenges, worsened by a record number of weather and climate disasters in 2023 that caused $92.9 billion in damages. The research also points out the underestimation of flood risks by existing FEMA accounts.

So, renters, it’s time to protect yourself through insurance and informed decisions about your living situations. “It’s clear that not only are climate hazards happening more often, but they’re happening more often in places where people live,” said Jeremy Porter, head of climate implications research for First Street Foundation.

Major Manor

Alec Baldwin's Hamptons Home

Amid a litany of very public issues, actor Alec Baldwin is also having problems selling his home in the Hamptons. He recently listed his elegant Hamptons home for the fourth time, but now, with a personal touch to the marketing. This farmhouse style mansion is now available for $18.995 million, down from $22.5 million last September.

Let’s check out the specs:

Built in 1740
10,000 sqft on a 10 acre lot
7 bedrooms, 7 full bathrooms, 2 half bathrooms
Custom outdoor pavilion with a pool and spa
Movie theater, wine-tasting room, and a private wood-paneled library

Watch Alec Baldwin Video

Financial Fitness

Short Financial Fitness Sub Head Here

It is not uncommon for the average American to have anxiety about their own personal finances. In fact, according to The Associated Press-NORC Center for Public Affairs Research, about half of U.S. adults in households earning less than $60,000 annually and about 4 in 10 of those in households earning $60,000 to $100,000 say they’re very stressed by their personal finances.

What makes matters worse is that avoiding your finances, instead of managing them, can cause your symptoms to worsen, which in turn causes further anxiety. Let’s break that cycle.

To start, we highly recommend creating a 2024 wealth planner. There is a large number of free resources available on the internet to help guide you though a wealth planner, including the 2024 Wealth Planner Tutorial from Money with Katie (which we think is great).

But there are also tons of apps available to help get you started, including, the S1 FinFit app from Synergy One Lending. We think that…

Getting free credit monitoring and alerts
Setting financial goals, creating budgets, and tracking your progress
Keeping track of your spending to see where your money is going
Monitoring the value and equity in your home are important to the success of your financial fitness!

Watch the full video here!: Download S1 FinFit today to get started!

S1 FinFit App

Digital financial assistant at your fingertips

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!

Keychain

Lower Rates = Home Price Growth?

In the fourth quarter of 2023, the U.S. housing market saw prices increase in more than 85% of metro areas, with 15% of these areas experiencing double-digit price gains, according to the National Association of Realtors (NAR). This upward trend pushed the national median price for an existing single-family home to $391,700, marking a 3.5% rise from the previous year.

Despite rising costs, declining mortgage rates helped ease affordability issues slightly, with the typical monthly mortgage payment on a single-family home being $2,163. The report also highlighted a need for increased homebuilding to improve housing affordability and market availability in 2024. But what else is new?

Vlog

Unlocking Your Equity

This one is for all the homeowners out there!

If you currently own a home, chances are you’re sitting on a pretty pile of equity. Here’s 3 things you need to know about that:

You don’t need to sell your house to get access the cash from your home equity.
It makes sense that most people who have great rate on their current mortgage don’t want to lose it. DUH! But you may not realize that you don’t have to give up the rate you have on your home now to access your equity.
So how to access that equity? A home equity line of credit (HELOC) or a fixed rate second mortgage. They all have their own unique benefits, and that list is a mile long, so we won’t get into it here.

But if you do have a question or want to learn more, you can get in touch with us to find out which one makes the most sense for you! You can start by going to s1l.com/heloc now.

Watch the full video here!

Trivia
Answer

$7 million per 30-second spot Read the article here

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Unlocking Equity

Today's Agenda:

A quick link to the article of your choice

Today's Agenda:

A Quick Link to the article of your choice