No mandatory monthly payments. A great way to improve your retirement. Receive cash for any reason. Line of credit that grows annually. Retain ownership of your home. Loan proceeds are tax free. Insurance premiums for long term care.
Bloomfield Reverse Mortgages
How can a reverse mortgage work for you? Talk to David Blatt, who is one of Michigan’s leading specialists, when it comes to assisting with Reverse Mortgages.
President
David Blatt
NMLS: #114358
Phone: (248) 763-1438
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Bloomfield, Michigan Reverse Mortgage Lender
David Blatt and Reverse Mortgages of Michigan are your one-stop shop for reverse mortgages across metro Detroit, from Pontiac to Farmington Hills and throughout Oakland County. David is a dedicated residential lending specialist with over 30 years of experience in the industry.
More Than Just Reverse Mortgages
David’s expertise goes beyond just reverse mortgages. He’s a highly skilled real estate broker with both federal and state licenses. His commitment to the industry is evident through his time on the board of the Michigan Brokers Association, where his efforts were recognized with an excellence award.
Making Informed Decisions About Your Financial Future
When it comes to reverse mortgages, David is the trusted advisor you can rely on. He’ll guide you through the process to ensure you make the best financial decisions for your long-term security and well-being.
What is a Reverse Mortgage?
A reverse mortgage is a unique loan product specifically designed for homeowners aged 62 and older. It allows you to access the equity you’ve built up in your home without the burden of monthly mortgage payments.
Unlocking Financial Freedom and Peace of Mind
This innovative program empowers retirees to enjoy financial freedom and peace of mind while staying in the comfort of their own home. Funds can be accessed in various ways, including a flexible line of credit, giving you control over your finances.
Live Comfortably, No Monthly Payments Due Now
The beauty of a reverse mortgage is that there’s no requirement for monthly payments as long as you meet the loan terms. Repayment is only due when you sell your home or the last surviving borrower passes away. It’s a smart way to improve your quality of life and eliminate financial stress.
Strong Housing Market in Metro Detroit
The housing market across metro Detroit, including Detroit, Warren, and Dearborn, is experiencing positive growth. Property values have climbed nearly 15% in the last year, with an average home price of $229,141 (source: https://www.zillow.com/bloomfield-mi/home-values/).
A reverse mortgage can help you tap into this equity and enjoy your golden years.
A Look at Bloomfield Township’s Rich History
Bloomfield Township boasts a rich history, nestled just six miles north of Detroit’s bustling core. Established in 1827, it holds the distinction of being the oldest township within Oakland County.
For much of the 19th century, agriculture reigned supreme in Bloomfield, with rolling fields dedicated to wheat, corn, wool, and potato crops. The late 1800s saw a turning point with the arrival of railroads and electric rail service. This new infrastructure attracted affluent residents, leading to the development of what is now known as Bloomfield Hills.
As the area boomed, farmland gradually transitioned into residential neighborhoods, fueled by eager property developers catering to the growing demand. Today, Bloomfield Township retains its reputation as one of Michigan’s most prestigious suburbs.
Sports enthusiasts might also recognize Bloomfield Township as the site of the prestigious Oakland Hills Country Club, which has hosted a remarkable six U.S. Open championships, with the most recent victory claimed by Steve Jones in 1996.
Contact your Bloomfield reverse mortgage lender today.
David Blatt and Reverse Mortgages of Michigan are on hand to help you better understand all the ins and outs of reverse mortgages. For some great advice on how to make your life easier, please call David today on (248) 763-1438.
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Resources
and case studies
Gain valuable insights from my research and case studies on reverse mortgages and home loans.
01
Who Qualifies for A Reverse Mortgage?
Reverse mortgages offer a valuable financial solution for retirees seeking to access their home equity without selling their property.
02
The Effects of Inflation on Retirement
As retirees bid farewell to the workforce and transition into a life of leisure, the looming specter of inflation demands attention.
03
Navigating Reverse Mortgages in an Inflationary Market
Understanding inflation's impact on the real value of borrowed funds and the appreciation of home values is crucial for those considering a reverse mortgage.