Bipartisan Stimulus - 01/29/09 01:55 PM
Rush Limbaugh wrote a Bipartisan Stimulus that was published in the Wall Street Journal today.  I read the article and it  sounds like a winner to me.  Basically he is saying give the liberals pork barrel spending, give the conservatives their tax cuts.  If both sides help the economy even greater.
If the conservatives get their tax cuts, the wealthy and those willing to take risks will move, in doing this as they rise higher they will pull the rest up with us.
If the liberals get their wishes granted and this indeed works for our economy we are in a … (0 comments)

Helena Alabama Real Estate - 01/26/09 11:10 PM
If you are in the market to purchase a home in Helena, AL you have picked a wonderful area to raise a family, enjoy life and simply relax. 
Helena is very unique.  The City caters to families and is always planning special events for family participation.  The school system is excellent and you will feel like your neighbors truly care about you.  Old Towne Helena is filled with specialty shops where you are certain to find one of a kind treasures.  Don't miss a chance to take a tour and see for yourself.
For more information please contact Debbie Hutchins, Realtor … (0 comments)

My First - 01/16/09 10:36 PM
I have lived 47 years without ever having an animal living in my home.  Never thought I wanted one until I met Emme!  She is a 2.5 lb Yorkie and has become a precious addition to our family.  Meet my first furbaby!  Emme celebrated her first birthday in December.  Yep you guessed it, we made it special for her with extra treats.  I have missed so much over the years, thank goodness I came to my senses.

… (10 comments)

Reports That Move Interest Rates - 01/14/09 10:07 AM
Three reports come out today, 2 have a high impact on mortgage rates and one a moderate.  The two high are retail sales and retail sales excluding autos.
The report this morning was bleak.  Sales dropped 2.7% which was much worse than the expectation of a 1.2%.  When autos are excluded it gets even worse with a 3.1% decline in lieu of 1.4%.
On this negative news stocks have fallen and mortgage bonds have improved.  If you have people sitting on the fence do you best to get them off.  These dips make a difference in how much a purchaser can … (1 comments)

Mortgage Interest Rate Volatility - 01/13/09 01:54 PM
 When we get a dip in interest rates everyone seems to hear it on the news and in a day or two pick up the phone and call their mortgage loan officer.  By then we may have been up and down 10 times.  If you are in the market for refinance here are a few tips to put you in the best possible position.
1.  If you feel certain you are going to refinance, go ahead and call your loan officer for approval.
2.  Provide all documentation and RESPA's.
3.  Let your loan officer know what rate you are willing to … (3 comments)

Be Aware of Underwriting Turn Times - 01/13/09 10:17 AM
There are many people refinancing their homes and taking advantage of the lower interest rates.  This has bogged down the system as there are fewer investors.  I had always taken pride in quick closings, 3-7 days.  Today that is not attainable.
Most lenders are on a 5-12 day turn time for underwriting and 48 hours for clearing stips.  This means it will take longer to get a clear to close.  Also, it is imperiative that the client furnish the documentation requested very quickly.  In today's market we need to send a complete file so it does not have to be revisited … (0 comments)

Refinance Anyone? - 01/12/09 12:35 PM
This past month has been a roller coaster ride that has lasted into the new year!   What blessings we receive at the most unexpected time. 
My phone lines are ringing and many are taking advantage of these low interest rates.  Most of the clients I am speaking with have equity in their home and plan on being there for many years.  Some are even shortening the term of the mortgage to 15 years and not making much more payment than they are currently at the 30 year mortgage.  Adding the bi-weekly payments the effective rate is even less.
People are ready … (0 comments)

New Orleans It Is Different??? - 01/05/09 05:04 PM
Just returned from a visit to the Big Easy.  We went down for the Sugar Bowl and to cheer the Tide to a Victory.  Sad to say, we lost to Utah.  Still proud as Bama did better than we had exected this year.
I usually go to New Orleans once a year.  Have been going for the Mortgage Broker's convention for years before and after Katrina.
This past August I did not make the convention so it has been almost a year and half since I visited.  I was shocked at the difference I saw in New Orleans this time.  There … (6 comments)

 
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Valerie Springer, Home Loan Officer AL FHA, VA, Conventional and Reverse Mortga

Birmingham, AL

More about me…

Network Funding Residential Mortgage NMLS 2297

Address: 248 Inverness Center Drive, Birmingham, AL, 35242

Office Phone: (205) 995-7283 x 305

Cell Phone: (205) 746-1284

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