Get the best reverse mortgage deals in Bloomfield, Michigan
Meet David Blatt
Reverse Mortgages of Michigan
David Blatt and Reverse Mortgages of Michigan are Detroit’s top team when you need to know about reverse mortgages, from Pontiac to Farmington Hills and throughout Oakland County. David specializes in residential lending services. He is a reverse mortgage expert who has been practising for more than 30 years.
His talents are not just limited to helping seniors find the best deals to safeguard their financial futures – David is also an experienced real estate broker with a federal and state licence. His efforts and dedication to the industry have been recognised with an excellence award for his time on the board of the Michigan Brokers Association.
When you are looking to acquire a reverse mortgage, David is a man you can trust will help you make the very best decisions to ensure your prosperous financial future and wellbeing.
What is a reverse mortgage?
A reverse mortgage is one of the most outstanding loans on the market. That’s because it gives homeowners the chance to free up the equity they have built in their property.
As long as you are at least 62 years of age, you can apply for this product which is an absolute game changer. That’s because it can give retirees peace of mind and financial freedom, all while remaining in their home!
Homeowners can draw down funds in many different ways including a line of credit which many folks love because of its enormous flexibility.
The real strength 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 cleverest ways you can take your standard of living up a level or two and put those financial worries to bed.
Housing prices are trending upwards around the United States and Bloomfield is no exception. Properties in Detroit, Warren and Dearborn have climbed nearly 15 percent in the last 12 months to an average of $229,141. (https://www.zillow.com/bloomfield-mi/home-values/)
Already there are 2110 people in Bloomfield Township with a reverse mortgage – 56 of them have bought one in the last 12 months.
About Bloomfield, Michigan
Bloomfield Township is a northern suburb of Detroit, some six miles from downtown.
It was established in 1827 and is the oldest township in Oakland County. Farmland producing wheat, corn, wool and potatoes dominated 19th century Bloomfield.
The addition of a railroad line and electric rail service toward the end of the century saw affluent people attracted to what became Bloomfield Hills.
Farming land was soon sold and subdivided as property developers moved in to profit on the rush to move into the area.
It remains one of Michigan’s most expensive suburbs and one which has also played host to six U.S. Opens at the Oakland Hills Country Club, the most recent won 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 (800) 318-8000.
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