Shop the best deals for reverse mortgages in Livonia, Michigan. Meet David Blatt.
Livonia, Michigan Reverse Mortgage Lender
David J. Blatt and Reverse Mortgages of Michigan specialize in residential lending services. David has been a mortgage lender for over 30 years and has served on the board of directors of the Michigan Brokers Association. This achievement led him to receive the Excellence Award from Financial Freedom Senior Funding Corporation. On top of that, he has a federal and state license and is an experienced real estate broker. When you are looking to acquire a reverse mortgage, David will help place you in a situation that secures your future and well being.
David is familiar with the specific needs of homeowners in Livonia. He can walk you through the questions you’re certain to have and the process should you decide to utilize your home’s value to create more cash flow in retirement.
Reverse Mortgage Stats in Livonia, Michigan
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater Livonia area.
There are already 1,268 people in or within 10 miles of Livonia who have a reverse mortgage today. In just the last 12 months 60 homeowners got a federally-insured reverse mortgage loan.
Home owners in Livonia have still seen their properties rise by two percent in the 12 months*, taking average prices to $271,910 (https://www.zillow.com/home-values/32542/livonia-mi/). Homes above $1,089,300 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower, or named non-borrowing spouse, and the current/starting effective interest rate.
About Livonia, Michigan
Livonia is a bustling city located in Wayne County, Michigan, and is the ninth-largest municipality in the state. The city is known for its thriving economy, exceptional schools, and diverse population. Livonia has a population of over 94,000 residents and covers an area of approximately 36 square miles.
Livonia has a rich history that dates back to the early 1800s when the area was primarily a farming community. Over time, the city grew and developed into a thriving industrial center, and today it is home to a number of large corporations and small businesses. The city is also known for its exceptional schools, with several top-rated public and private schools located within its borders.
One of the most popular attractions in Livonia is the Livonia Spree festival, which is held annually and features live music, food vendors, carnival rides, and much more. The city is also home to several parks and recreational areas, including Bicentennial Park and the Greenmead Historical Park, which offers visitors a glimpse into the area's rich history.
Livonia is a great place to live and work, and as a reverse mortgage loan officer, I am honored to serve the residents of this vibrant community. Whether you are looking to tap into the equity in your home or simply want to learn more about the benefits of a reverse mortgage, I am here to help you every step of the way.
David and the team at Reverse Mortgages of Michigan are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
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