Reverse Mortgage Helps those In Need

Fortunately, Griffin Financial Mortgage, LLC (GFM) has been a lifeline for our clients in various financial and retirement situations. GFM originates loans in more than 25 states and has won industry awards and top honors as being a platinum level broker for reverse mortgages.

Our knowledgeable Reverse Mortgage representatives have been praised publicly and privately for going above and beyond when assisting a distressed mature American. Our most recent accolade comes from Barbara Jarrett Hyche of St. Louis, MO. Without notice she had to terminate her consulting business to become the primary caregiver for her ailing parents. She had no established contingency plans regarding her financial needs and healthcare needs for herself and her parents. All she had was her home, which had no monthly mortgage payment due. Hyche never thought her home was all she needed to restart her life and pull her out of what she considered to be hopeless despair.

“Griffin's reverse mortgage program provided estate planning counseling which restored my ability to change many adverse circumstances that developed during and prior to my experiences as a primary caregiver for my ill parents,” states Hyche in an email to Kristen Ellis of Griffin Financial Mortgages, LLC. “The reverse mortgage program reversed my limited income projections by providing a home office business with low overhead expenses and a spirit of peace to enjoy life's new choices.” Her new choice was to start a new home-based business venture.

Prior to the illness and death of both of her parents, Hyche worked as a real estate valuation consultant and insurance risk management broker and refused to accept charitable resources to support her less than adequate employment income, even after she prematurely retired from her business. “My parents always demonstrated pride of ownership as homeowners. They were community leaders and are still remembered and well respected and I inherited that pride,” Hyche stated.

“I believe that the Griffin Financial Mortgage, LLC reverse mortgage program should be marketed to the new breed of semi-retired senior homeowner entrepreneurs.”

A new breed indeed due to more mature Americans being placed in the position of having retire from longstanding careers or having to return to the workforce in hopes of receiving additional income. Luckily GFM has a program which will allow mature Americans the ability to remain in their homes while using the equity in the home for supplemental monthly income payments, a lump sum, a line of credit or a combination of all three payment types. Griffin does not take into account the current income or credit scores of potential borrowers but rather uses the value of the home, factored with the age of the borrower and the interest rate to determine how much the borrower is able to use as income. You, the borrower, will be allowed to remain in your home and are only required to make payments once you loan matures, you no longer use your home as your primary residence or you pass away.

A thirteen-year veteran of the mortgage industry, Robert Griffin specializes in reverse mortgages and has earned the accolade of No. 1 reverse mortgage broker in the Southwest for three years in a row. The owner of Griffin Financial Mortgage LLC, based in Fort Worth, Texas, his memberships include the National Association of Mortgage Brokers (NAMB), the Mortgage Bankers Association (MBA), the National Reverse Mortgage Lenders Association (NMRLA) and the Better Business Bureau (BBB). Robert Griffin is also co-author of “62 Senior Moments.” If you would like an information packet or would like to set up an appointment with one of our Reverse Mortgage Specialists,
Please call (866) 683-3690 or complete our online Reverse Mortgage Information.