Find the best reverse mortgage deals in Birmingham, Michigan
Meet David Blatt
Reverse Mortgages of Michigan
David Blatt and Reverse Mortgages of Michigan are one of the top teams to talk to in Detroit when you need the latest information on reverse mortgages in the Birmingham region, from Rochester Hills to Royal Oak and along the Woodward Corridor of Oakland County. David is a reverse mortgage specialist who has more than 30 years’ experience in the lending business.
He is dedicated to helping seniors and retirees uncover the best deals to take the financial stress out of their lives.
David is also an accomplished real estate broker with a federal and state licence. He has spent time on the board of the Michigan Brokers Association and been recognized by the industry for his efforts.
If a reverse mortgage is something you are considering, you can do no better than talk to David who is absolutely committed to ensure
What is a reverse mortgage?
A reverse mortgage is one of the elite loan products at the disposal of anyone at least 62 years of age who owns their own home.
If you are asset rich but cash poor, this is the product for you! That’s because it gives homeowners the chance to reverse all those years of mortgage payments by freeing up the equity they have in their own home. And they can do it all without having to sell up.
Homeowners can draw down funds in numerous ways including a line of credit which makes it very easy to find those extra few dollars when they are needed most.
The real beauty of a reverse mortgage loan is that provided the terms of the loan are met, it doesn’t require repayment of the loan until either the homeowner sells the residence or the last surviving borrower passes away. It’s one of the shrewdest ways you can make your house go to work for you and stop counting every penny.
Housing prices are zooming north around the country and Birmingham is performing above average as well with prices climbing more than 13 percent in the last 12 months to an average of $623,600. (https://www.zillow.com/birmingham-mi/home-values/)
There are already 2120 people in Birmingham with a reverse mortgage – 57 of them have landed one in the last 12 months.
About Birmingham, Michigan
Birmingham is an exclusive city with an area of just five square miles and little more than 20,000 people, 20 miles northwest of downtown Detroit.
The area was originally known as “Hamilton’s”, “Hunter’s” or “Willits’” after three early settlers and was also referred to as “Piety Hill” before Rosewell Merrill chose the name Birmingham after England’s second city.
He envisioned the region would become a great industrial center but instead, it evolved into one of Detroit’s wealthiest residential suburbs, its streets littered with parks, tennis courts, golf courses, nature trails and playgrounds.
The local newspaper goes by the unusual name of the “Eccentric”, first published in 1878 by a small group of bachelors who also formed a club, similarly named, “The Eccentrics”.
Contact your Birmingham reverse mortgage lender today.
David Blatt and Reverse Mortgages of Michigan are excited about the opportunity to help you better understand how this brilliant loan can help you.
For some top shelf advice on reverse mortgages, please call David today on (800) 318-8000.
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