Shop for the best reverse mortgage deals in Grosse Pointe, Michigan.
Meet David Blatt
Reverse Mortgages of Michigan
David Blatt and Reverse Mortgages of Michigan are a great choice to talk with in Grosse Pointe if you’re seeking sound advice about a reverse mortgage, from St. Clair Shores to River Rouge and throughout Wayne County.
David is a long time servant of the industry and has been selling loans of all descriptions for more than three decades.
He is now turning his attention to ensuring the financial independence of senior citizens in Detroit is well protected.
One of the great strategies in that regard is to offer a potentially life-changing reverse mortgage.
David has seen the distress that is caused by having your savings run dry.
He will always lend a kind and sympathetic ear, and provide workable strategies to remedy just about any situation.
David will personally leave no stone unturned to put a smile back on your face.
What is a reverse mortgage?
A reverse mortgage really couldn’t be better named.
It reverses the traditional flow of mortgage payments.
That’s right. Instead of you paying the bank, the bank pays you!
It’s a real reversal of fortune for seniors who have equity in their homes but are struggling with the ever rising cost of living.
A brand new income stream means retirees can afford to stay in their own homes rather than face the unpalatable thought of having to sell and downsize.
The loan is available to anyone 62 years or older, with approved applicants able to start considering how they would like to start enjoying their new found financial freedom.
Homeowners can be paid in a range of different methods including a lump sum payment, monthly instalments or a line of credit.
We can even organize a lifetime monthly payment option.
One of the greatest things about this product is that as long as the terms of the loan are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
The cost of housing is spiralling across the United States and residents of Grosse Pointe will be happy to know a 13.4 percent hike in the last 12 months has driven average prices to $454,406 (https://www.zillow.com/grosse-point-mi/home-values/).
There are already 962 people in the Grosse Pointe area who own a reverse mortgage with 17 buying one in the last 12 months.
About Grosse Pointe, Michigan
Detroit was originally occupied by French settlers and the name Grosse Pointe means “large point” in French.
The Grosse Pointe Historical Society records the name “undoubtedly referred to the broad, flat point, which culminated at the Windmill Pointe lighthouse.”
There are five Grosse Pointes in total including Grosse Pointe Park, Grosse Pointe Farms, Grosse Pointe Shores and Grosse Pointe Woods.
Once a colonial outpost with rich, fertile land abundant with small orchards, it is now one of the most affluent suburbs of Detroit, recognised for its historic old buildings and spectacular coastal scenery.
Downtown Grosse Pointe is known as “The Village” which has become a vibrant central business district.
The area was home to many of Detroit’s famous Ford family.
And it has featured heavily in pop culture including the 1997 black comedy “Grosse Point Blank” and the 2000 sitcom “Grosse Pointe”.
It was also where accomplished 1980s director John Hughes (“Pretty in Pink”, “The Breakfast Club”) spent the first 12 years of his life.
Contact your Grosse Pointe reverse mortgage lender today.
David and his Reverse Mortgages team are excited by the opportunity to talk to any Detroit seniors in need.
Please reach out to David at (800) 318-8000 for a no-obligation assessment of your position.
Please provide your info below to request your no-obligation reverse mortgage quote.
Your request has been submitted. We will get back to you promptly and look forward to speaking with you!