Reverse Mortgages in Birmingham Done by Paul Maloney for FirstBank

A reverse mortgage is a unique tool designed for seniors who are age 62 and older. It allows qualified homeowners to access part of the equity in their homes as well as the freedom and comfort of the home they have known for so many years. Continue reading →

Aug 29, 2015 /prREACH/ -- Paul has almost 10 years of experience working in the banking industry.  In the past, he has worked as a Loan Officer and as an Underwriter.  He now focuses primarily on reverse mortgages for people age 62 and up at FirstBank.  He currently works as part of FirstBank’s Home and Equity Conversions Mortgage Program, which helps borrowers with significant equity in their primary residence tap into that equity.  He also provides financial tools for retirees who want to “age in place” in their own home.

Paul’s previous experience as an Underwriter and Loan Officer provides him with a great foundation for his work as a reverse mortgage specialist.  Paul feels very fortunate to be able to offer a product he is truly passionate about and to have the opportunity to make such a positive difference in the lives of seniors and help his clients reach their financial goals.  He is customer-service oriented and always wants what is best for his clients.

A reverse mortgage is a unique tool designed for seniors who are age 62 and older.  It allows qualified homeowners to access part of the equity in their homes as well as the freedom and comfort of the home they have known for so many years.  Reverse mortgage borrowers are able to retain ownership and the title to their home and they benefit from the equity have has been building in that home for years.  FirstBank added its Reverse Mortgage Division in 2011 and has been helping improve the quality of life of people in retirement in 49 states.

FirstBank is a 107-year-old FDIC insured bank.  It is a long-standing member of the Better Business Bureau where it holds an A+ rating.  FirstBank is a subscribing member of the National Reverse Mortgage Lenders Association (NRMLA), and an approved direct lender with the US Department of Housing and Urban Development (HUD).