REVERSE MORTGAGE, IS IT SMART? - 06/14/11 02:49 PM
There are 5 key points to think about when you decide a  HECM Reverse Mortgage may be your best option. Most important find an expert loan officer willing to help you make a determination.1. Why do you feel a reverse mortgage would benefit you? If you are thinking of taking a vacation or reinvesting the money it would be very costly. If someone is trying to sell you something and suggests you take out a reverse mortgage you should be very cautious of their intent.2. Can you even afford a reverse mortgage? A reverse mortgage is very expense, You do not … (1 comments)

BIG QUESTION, WHAT IS YOUR INTEREST RATE? - 06/12/11 04:06 PM
WHAT IS YOUR INTEREST RATE TODAY? EASY QUESTION, RIGHT?  
It always amazes me when my phone rings and on the other end their is a voice who says, "What is your current interest rate?" Through the years I have had many different answers, but today I answer that question with several questions of my own. What is your middle credit score? What is your debt to income ratio? What is your loan to value? How much money do you have is your accounts? What type of loan product are you interested in? What type of loan transaction will this be? … (0 comments)

REVERSE MORTGAGE ALABAMA HELPS SENIORS STAY IN THEIR HOMES - 06/12/11 04:02 PM
The Home Equity Conversion Mortgage (HECM) also known as a Reverse Mortgage allows senior citizens to payoff debt, do home repairs and continue to live in their homes through the "Golden" years. It can be a source of extra income when in home care is desired or your home needs to be remodeled to allow for wheelchair accessibility.If you live in Alabama and have questions about a HECM Reverse Mortgage, please call me. I would be happy to speak with you to see if this type loan would be a benefit for you.Yours to Count On,Valerie SpringerMy name is Valerie Springer … (1 comments)

REVERSE MORTGAGE AND POWER OF ATTORNEY - 06/12/11 03:57 PM
REVERSE MORTGAGE AND POWER OF ATTORNEYI receive many calls asking if we can close a HECM Reverse Mortgage with a Power of Attorney (POA). The answer is yes but we have to establish a few things along the way.A Power of Attorney can only be used if the homeowner is physically unable to sign the closing papers, documented by a letter from a physician or mentally incapable of signing the closing papers, documented by a letter from a physician.The Power of Attorney has to contain specific verbiage and it must also be established that the Senior was of sound mind at … (1 comments)

 
Valerie Springer, Home Loan Officer AL FHA, VA, Conventional and Reverse Mortga (Network Funding Residential Mortgage NMLS 2297) Rainmaker_large

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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