Despite significant current challenges in the reverse mortgage market, ""American Financial Resources, Inc."":http://www.afrmortgage.com/#null, recently rolled out a full range of related loan products.
[IMAGE]Based in Parsippany, New Jersey, AFR Mortgage will launch the new initiative in the company's home state, giving borrowers who are over the age of 62 access to the specialty loans.
[COLUMN_BREAK]Commenting on the company's reverse mortgage offerings, AFR Mortgage noted that its line of products ""can be customized to best fit the client's needs."" Elaborating on the company's plans to cater to senior borrowers, AFR Mortgage added, ""All products are very competitively priced and their highly-trained staff can help educate clients on all aspects of reverse mortgages.""
Diane Masucci, AFR Mortgage's senior manager of reverse mortgages, explained the company's strategy stating, ""We recognize the growing financial needs of our clients who are 62 years and older and we are excited to introduce products to help them meet their financial needs.""
Other products encompassed by AFR Mortgage's lines of business include conventional home loans, VA loans, HARP refinancing, USDA rural housing loans, manufactured home loans, and 203K rehabilitation loans among others. The national mortgage lender concluded its statements on the reverse mortgage initiative, emphasizing that the products make it possible for seniors to ""remain in their homes when they might not otherwise be able to afford to do so.""