Clint Haynes's (clinthaynes) Blog

Mortgage and Lending - Peoples Home Equity, Inc.
Now is a great time to get into investment properties, especially if you are thinking about doing rentals.  Here are just a few reasons that the market is great for investors right now: There are a ton of good properties on market Home prices are really low It is harder than it has been in years ...
For sale is a 1500 square foot single family residence in Nashville on Colonial Circle.  Area 7.  It is totally remodeled.  New Paint, hardwoods throughout, and brand new carpet in the master bedroom (very large bedroom at 15x15).  Both bathrooms have tile floors and one bathroom has a tile showe...
The FED cut the Fereral Funds Rate 3/4 of a percent, to 2.25% today, in an effort to avoid a recession.  With lower rates consumers are encouraged to spend and borrow more.Some people think that as the dollar weakens with each cut we could see higher gas and food prices, and higher prices for imp...
I recently read an artivle on entitled Housing:  Best Time To Buy In Four Years.  It basically says that home valutaions (the difference from what a home should cost and the actual price) are the lowest they've been since 2004.  Basically, the affordability is back and better than i...
Experts are saying that Federal Reserve chief Ben Bernanke is is going to cut key interest rates by 1/2%, and possibly as much as 3/4% when the Fed meet again on March 18th.  Bernanke has said that the health of the U.S. economy is his biggest concern.A half point cut would bring the Federal Fund...
I recently read that a survey was done and among the least trusted people in America when it comes to business are Loan Officers.  Even more so than Used Car Salesmen and Attorneys (not that these are dishonest professions either, but people view them negatively because of the ethics some choose ...
 As the weather starts to warm up a little bit I start to get that feeling that it's about to be prime time for fishing.  I love to get out on the lake in early to mid March and fish in the afternoons after work and unwind after a long day at the office.  I try to find time to get out one morning...
On February 13th the President signed the Economic Stimulus Act and FHA maximum loan limits were increased.  So far what we know is:The max limit increasedThe floor is $271,050 (meaning low priced areas will have this cap on their FHA loan amount limits)The increase is for loans that are approved...
I read an article this morning on titled Refinancing:  Only For the Priveledged Few.  The main gist of the article was the difficulty that homeowners are having refinancing their current mortgages.  One of the major reasons for this problem:  lack of equity.  With many markets ex...
The FED met today and cut the Federal Funds Rate and the Discount Rate by a half percent each.  The Federal Funds Rate is an overnight bank lending rate that affects home equity lines of credit, credit cars, and auto loans .  It is now at 3%.  The Discount Rate is what the banks pay to borrow mon...

Clint Haynes

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