nashville: 3 Bed 2 Bath for Sale in Nashville/Donelson, Tennessee - 03/24/10 10:49 AM
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 shower.  Home also features an office or 4th bedroom with brand new hardwood floors.  Home also has a good sized dining room for the family.  New fixtures throughout.  Home has a large, open floor plan, one car garage, laundry room, walk in closet in the master bedroom.  Large level lot in the … (0 comments)

nashville: Another Big Rate Cut - 03/18/08 01:52 PM
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 imported goods.  We will have to wait and see what affect this has on our economy.
Thanks,
Clint
(3 comments)

nashville: Time For Buyer's To Buy - 03/04/08 01:33 PM
I recently read an artivle on CNN-Money.com 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 it has been in the last few years.  Couple this with excellent rates and this is a great time to be a buyer. 
Thanks,
Clint Haynes
 
(1 comments)

nashville: Rate Cut Is Going Happen - 02/28/08 07:17 PM
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 Funds rate to 2.5%.  It has already been lowered 2.25% since September 2007 to help keep the economy out of a recession.  Many think that after the March rate cut we might not see another cut for quite some time, to let things settle and then see what … (1 comments)

nashville: Credibility - 02/22/08 06:20 PM
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 to practice).  I wrote a blog entitled A Deal Lost  earlier about a loan that I lost to a competitor that deals with this issue a little bit.
I was just wondering what some of the Active Rain members who are not in the Mortgage Business think about us.  Title Companies and Real Estate agents … (1 comments)

nashville: Fishing Season - 02/20/08 03:11 PM
 
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 a week as well.
Time management becomes much more critical when trying to squeeze everything into your day by 4:30 so you can beat some traffic and get to the water a few hours before the day sets.  It … (1 comments)

nashville: FHA Loan Limits Increase - 02/19/08 05:00 PM
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 before the end of 2008The new limits will be the lesser of:  * 125% median price of the area or $729,750HUD has 30 days after enactment of the Economic Stimulus Act to define the median prices for each area and publish the new limits. 
So....the areas with low median prices will go to … (3 comments)

nashville: Refinancing - 02/08/08 10:46 AM
I read an article this morning on www.cnnmoney.com 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 experiencing deteriorationg conditions, or being in a declining market, homeowners are seeing their equity decrease and lenders are leery of lending money in an area that may be losing value. 
Not all areas have been hit hard by the "credit crunch", and home values here in middle Tennessee have remained stable and are experiencing a moderate amount … (3 comments)

nashville: FED Cut Rate Again - 01/30/08 01:36 PM
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 money directly from the FED.  It is now at 3.5%.  This will not, however, directly effect long term interest rates.
(9 comments)

nashville: Expected: Half Point Rate Cut - 01/30/08 11:37 AM
Today the FED meets, and experts are expecting at least a half point rate cut to the Federal Funds Rate and to the Discount Rate.  Some say there is a 80% to 90% chance the FED will lower rates again, this after the surprise three quarter point cut last week.  The markets will react today and tomorrow based on what the FED decides to do, and by the language that they use.  We will just have to wait and see what happens to see how it will all turn out. … (2 comments)

nashville: Home Buyers Seminars - 01/28/08 02:04 PM
Have you ever done a Home Buyers Seminar and not had a good turnout or response?  Do you know the reason why?  Perhaps it was the time of year that you did the seminar...
The majority of apartment leases expire in the spring or in the fall (68%).  This means this is the best time of the year to do a Home Buyers Seminar.  February through May can produce excellent leads if you market your seminars to apartment complexes, and provide the right information.
(9 comments)

nashville: Today's Rate Cut - 01/22/08 07:10 PM
By now it is no surprise that the FED lowered rates by .75% today, in a move that shocked many people.  It is the first time they have reduced rates between a scheduled meeting since the day the market opened after the September 2001 terrorist attack.  They are scheduled to meet again on January 30 and most likely cut rates again by .25% to .5%.
What rates were cut?
The Federal Funds Rate, which is how much consumers pay on credit card debt, home equity lines of credit and auto loans.  It is now at 3.5% (Prime is this + 3% = 6.5%).
The … (1 comments)

nashville: Rehab Loans - 01/21/08 03:04 PM
With reports of record foreclosures, and more to come, now is a great time to be purchasing investment properties.  Many of the investors I work with have been utilizing Rehab Loans.  They are great for properties that have good potential, but need work.  Distressed properties are great because you can get them for a fraction of the value.
With a Rehab Loan you can get cash at closing to do the repairs necessary to help fix and sell the property.  The investor gets up to 80% of the After Repair Value.  This gives plenty of cash to the investor and protects the … (1 comments)

nashville: Time Management - 01/17/08 06:02 PM
We've all heard "Time is Money!"  But do we use our time at work wisely, so we can make more money?  Using time management better has been one of the single most important business moves I have made.  Here are a few ways to help use your time more wisely.
Do not play around on the internet:  It is very easy to waste an hour or three surfing the internet accomplishing nothing at all.  Save this for after hours, or while at home.  The time to work is from 8:00am to 5:00 (maybe 6:00)pm.  Do not email friends, shop, and do the things … (2 comments)

nashville: Time Management - 01/17/08 06:02 PM
We've all heard "Time is Money!"  But do we use our time at work wisely, so we can make more money?  Using time management better has been one of the single most important business moves i have made.  Here are a few ways to help use your time more wisely.
Do not play around on the internet:  It is very easy to waste an hour or three surfing the internet accomplishing nothing at all.  Save this for after hours, or while at home.  The time to work is from 8:00am to 5:00 (maybe 6:00)pm.  Do not email friends, shop, and do the … (0 comments)

nashville: Two & A Half Yr. Low - 01/16/08 12:59 PM
I read today that rates are at a two and a half year low.  This should be good news for everyone in the Real Estate business.  Let all your buyers and sellers know that now is a GREAT time to be buying or selling, and not to miss an opportunity to get locked in at a rate in the mid to low 5% range!!! … (1 comments)

nashville: More Rate Cuts To Come - 01/10/08 03:09 PM
Federal Reserve chairman Ben Bernanke said Thursday that the FED is ready to step in and make rate cuts to help the slowing economy stay away from a recession in 2008.  Experts are saying his statements point toward a cut of as much as 1/2 % at the January meeting, and maybe more cuts to come at the March and April meetings.  While some think we could already be in a recession, Bernanke said he expects slower economical growth in 2008, but not necessarily a recession.
With the housing market slowing, do you think these rate cuts will help sales in 2008?
(2 comments)

nashville: Rate Cut - 10/31/07 02:10 PM
Halloween Rate Cut
As of October 31st the Fed has decided to make another rate cut.  They dropped the short term interest rate a quarter of a percent, to 4.5% today.  Fed chairman Ben Bernanke and company decided this to help the housing market crunch.
Investors had been betting on a .25% cut, after last months .5% cut on September 18th.
The federal funds rate is an overnight lending rate for banks, it is important to the economy since it influences how much interest consumers pay on credit card debt, home equity lines of credit and auto loans. It also impacts how much it … (3 comments)

nashville: Credit Score Questions Answered - 10/25/07 12:00 PM
HOW CREDIT SCORES WORK
What goes into your credit score?:
Payment History (35% of the rating)Length of Credit History (15% of the rating)New Credit (10% of the rating)Types of Credit Used (10% of the rating)Debt (30% of the rating) (try to keep all balances below 60% of high credit limit)•      Pay all bills on time.  This is probably the most important factor in the Credit Score Calculation.  If you are consistently 30 days overdue, your score can drop by as much as 100 points, depending on how long the account has been open and how long ago the late payment took place.  … (4 comments)

nashville: Current State Of The Mortgage Industry - 10/19/07 12:44 PM
 
The Current State of the Mortgage Industry
What Is Happening?
We are seeing unprecedented events right now.  In the last weeks and months, we have seen many companies in the non-conforming mortgage industry experience severe problems.  Many have been forced to close their doors or cease funding loans.  This has affected everyone from Realtors to Mortgage Brokers.
SubPrime rates have continued to rise over the past 6-8 months.  More and more lenders are shutting their doors and ceasing operations.  This has made it harder and harder for low credit borrowers to get 100% financing.  Also, more Full Documentation Loans are needed.  If a borrower … (8 comments)

 
Clint Haynes (Peoples Home Equity, Inc.)

Clint Haynes

Mount Juliet, TN

More about me…

Peoples Home Equity, Inc.

Address: 2685 N. Mt. Juliet Rd., Mt. Juliet, TN , 37122

Mobile: (615) 972-8221

Office: (615) 288-4452

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