DEAR VAL: Mortgage Loan Officer Concentrating on Shelby County & Birmingham, AL

Mortgage and Lending - Benchmark Mortgage nmls 2143 - NMLS # 198479
CONTRACTOR REQUIREMENTS   Completed Contractor Application   Contractors Bid   Contractors License   Contractors Liability Insurance   Homeowner/Contractor Agreement   W-9 form   3 Trade References   5 Years Experience   Contractor Approval IS required prior to Rate Lock AND Loan Submission to Un...
INELIGIBLE REPAIRS   Major rehabilitation   New construction including room additions   Repair of structural damage   Repairs requiring detailed drawings   Landscaping or site amenity improvements   Any improvement that will take longer than 3 months   REHAB activities that...   Rehabs that requi...
    ELIGIBLE IMPROVEMENTSRepair or Replacement of...Roofs, gutters and downspoutsUpgrade existing HVAC SystemsUpgrade plumbing and electrical systemsFlooringExterior decks, patios and porchesMinor remodeling (no structural repairs)Painting - interior/exteriorWeatherization including storm windows...
    Streamline 203k Features:Enables borrowers to finance both the purchase or refinance of a home and the cost of its rehabilitation through a single mortgageTerm:  30 year fixedThe Streamlined FHA 203k program is intended to facilitate uncomplicated rehabilitation and/or improvements to a home ...
HomePath Conventional FannieMae Loan   HomePath is a conventional loan for 97% Financing.  I am going to share with you the highlights of this type loan.  If you would like to compare it to an FHA, VA or regular conventional mortgage please let me know.  I would be happy to share the knowledge.*H...
Wednesday, February 1, 2012 ON ANY GIVEN DAY   Last evening my husband asked how my day had been. "Outstanding" I replied, and then I started to think how tired my mind was. A few months ago I was invited to a Financial Seminar at Vestavia Country Club to listen to Doug Lennick, CFP. There was lo...
Sales Concessions and Seller Paid Closing Costs on Home Purchase   Seller-paid concessions, when used properly, can mean the difference between closing a home sale and losing one.A concession is anything of value added to the transaction by the seller, builder, developer, salesperson or any inter...
 If you are a senior 62 years or older, you may qualify for a Reverse Mortgage. If your home is paid in full, OR if you have equity in your home this may be the answer to your prayers. NO Monthly Payments NO Credit Report NO Employment Qualifications NO Medical Qualification NO Income Requirement...
Wednesday, January 11, 2012 CONVENTIONAL MORTGAGE LOANS IN ALABAMA   If you are purchasing or refinancing a home in Alabama you have several different loan products available to you if you qualify. Today I am going to talk about Conventional Mortgag...
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 reinvest...

Valerie Springer

Home Loan Officer AL, FHA, VA, Conventional and Re
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