Guaranteed Home Mortgage Company Announces New Reverse Mortgage Division to Meet Consumer Demand

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Guaranteed Home Mortgage Company, Inc. (Guaranteed), a national residential mortgage investment and banking firm, today announced a new reverse mortgage division to meet increased consumer demand due to uncertainty in housing markets and economic volatility in general.

Our decision to create a separate department for reverse mortgages is based on the many unique qualities of this product and our desire to provide expert advice both for consumers and our branch locations ...

Guaranteed Home Mortgage Company, Inc. (Guaranteed, http://www.ghmc.com), a national residential mortgage investment and banking firm, today announced a new reverse mortgage division to meet increased consumer demand due to uncertainty in housing markets and economic volatility in general.

The new department will promote many of the positive aspects of reverse mortgages including the ability of users to enjoy tax-free loan proceeds without any credit requirements and regardless of their medical history. It will also attempt to dispel some of the more pernicious rumors; for example, homeowners with reverse mortgages retain the title to their home and maintain the same social security and Medicare payments.

David Wind, President and CEO of Guaranteed Home Mortgage Company, said, “Our decision to create a separate department for reverse mortgages is based on the many unique qualities of this product and our desire to provide expert advice both for consumers and our branch locations who request support for these loans. In addition to advice, our corporate office will provide marketing documents and region-specific instructions on how to successfully structure reverse mortgages to achieve homeowners’ retirement goals.”

Founded in 1992, Guaranteed has grown rapidly since its inception. It was listed in the Inc. 500 list of fastest growing companies in the nation and maintains a weekly blog at http://www.ghmc.com/blog/ with advice for homebuyers and mortgage professionals.

For more information, please contact Kelley Berkheiser at 914-696-3400, visit http://www.ghmc.com or write Guaranteed Home Mortgage Company, Inc., 108 Corporate Park Drive, Suite 301, White Plains, NY 10604.

About Guaranteed Home Mortgage Company

Founded in 1992, Guaranteed Home Mortgage Company (Guaranteed), a licensed mortgage investment and banking firm, is comprised of more than 300 mortgage professionals lending in 26 states. The company, previously named in the Inc. 500 list of the fastest growing companies in the United States, provides residential mortgage financing to a wide variety of consumers and real estate professionals.

David Wind, an attorney, is Principal and President of Guaranteed. Previously, he served as a financial analyst of mortgage-backed securities at Citicorp Investment Bank and clerked in the real estate finance department of the New York State Attorney General’s Office.

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Kelley Berkheiser

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