American Financial Network Inc. (AFN)
has introduced AFN Protection+, a product that protects a homebuyer’s downpayment and is available immediately on all applicable AFN mortgages. AFN Protection+ will include +Plus downpayment protection by ValueInsured
, embedded directly into a homebuyers’ mortgage.
“The purpose of AFN Protection+ is to offer investment security and peace of mind to borrowers as they make one of the biggest—if not THE biggest purchase of their lives,” said AFN President John Sherman. “We are excited to partner with ValueInsured and offer this ground-breaking product to our borrowers.”
With AFN Protection+, homebuyers may safeguard their downpayment and buy with confidence. Even if they need to move and real estate market values are down when they sell, up to the full amount of their downpayment may recovered, and if all program requirements are met, any potential loss would be reimbursed.
“AFN recognizes that borrowers need to protect their down payments and is addressing it by offering Protection+ in all of its mortgages," said Joe Melendez, Chief Executive Officer of ValueInsured. “It is exciting to partner with a company that understands both the market and consumers’ needs.”