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.
Northville Reverse Mortgages
Reverse mortgage is one of the smartest ways for you can get the most out of your asset. David Blatt can help you make your life that little bit easier.
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David Blatt
NMLS: #114358
248-671-6387
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Northville, Michigan Reverse Mortgage Lender
In Oakland and Wayne Counties, David Blatt and Reverse Mortgages of Michigan are your trusted resource for navigating reverse mortgages. Whether you’re in Wixom, Livonia, or anywhere else in the area, David’s extensive experience can guide you through the process.
A true veteran of the industry with over 30 years specializing in reverse mortgages, David has dedicated more than half his career to helping Michigan seniors remain in their cherished homes. His passion lies in empowering the Boomer generation by explaining how a reverse mortgage can benefit them, unlocking much-needed cash flow.
David prides himself on his integrity, patience, and friendly, approachable demeanor. Understanding that considering a reverse mortgage can be daunting, David is here to ease your concerns. Let his expertise help you achieve greater financial comfort – it could be the smartest decision you make.
What is a reverse mortgage?
Imagine a loan that can truly transform your retirement. A reverse mortgage offers incredible benefits for senior homeowners like yourself. If you’re 62 or older and own your home, you may qualify for this life-changing program.
Here’s the magic: a reverse mortgage allows you to tap into the equity you’ve built up in your home over the years. It’s a true reversal of fortune! Instead of making monthly payments, your home can start paying you, freeing you to enjoy the finer things in life again. And the best part? No need to sell your cherished property!
Reverse mortgages offer flexibility in how you access your funds. A line of credit provides ongoing financial security, allowing you to tap into your equity as needed. Plus, there’s no requirement to repay the loan until you sell your home or the last surviving borrower passes away, as long as the loan terms are met. It’s a smart way to maximize the value of your greatest asset.
Northville residents are particularly well-positioned to benefit. Home values have climbed nearly 11% in the past year, reaching an average of $512,421 (source: https://www.zillow.com/northville-mi/home-values/). With 703 current reverse mortgage holders and 32 new customers in the last year, it’s clear that many Northville homeowners are finding this program valuable.
About Northville, Michigan
Northville has a rich history dating back to 1825, when it was settled and aptly named for its location north of Plymouth. The city’s past intertwined with automotive history when Henry Ford purchased a factory in 1919. This factory produced valves for the iconic Ford, Mercury, and Lincoln brands until its closure in 1981.
Today, Northville has transitioned into a vibrant residential community with a strong focus on cultural activities. Art enthusiasts flock to the annual Art in the Sun event held every June. From May to October, bustling Farmers Markets offer fresh, local produce.
The annual Heritage Festival brings the community together with a variety of attractions, including games, rides, art exhibits, and live music. For a touch of winter warmth, Fire and Ice heats things up in January, while Friday night summer concerts happening from June to August keep the Town Square lively throughout the warmer months.
Contact your Northville reverse mortgage lender today.
David Blatt and Reverse Mortgages of Michigan are on hand to give you the very best advice about reverse mortgages.
If you think one may just be able to make your life that little bit easier, please contact 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.