ASF have recently announced that they have suspended a number of product offerings indefinitely.

They will no longer be offering their ’50’s Plus’ product, where borrowers under 60 can still access funding as long as they service the interest until they turn 60. There is still one Australian lender who will do reverse mortgage for people as young as 55. For more info go here or to Seniors First.

In addition, ASF have also ceased their retirement village reverse mortgage. Although this had a very limited take up in Australia, it was thought to hold a lot of potential for future growth.   

This entry was posted on Wednesday, April 23rd, 2008 at 6:29 pm and is filed under Reverse Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.