Southfield Reverse Mortgages

Southfield, Michigan Reverse Mortgage Lender

In Oakland County, David Blatt and Reverse Mortgages of Michigan are your trusted resource for navigating reverse mortgages. Whether you’re in Farmington Hills, Ferndale, or anywhere else in the area, David’s extensive experience can guide you through the process.

A true reverse mortgage specialist, David has dedicated over half of his impressive 30+ year career to helping Michigan seniors leverage these transformative loans. He understands the unique needs and concerns of Baby Boomers, and his focus is on empowering them to stay in their cherished homes.

David prioritizes clear communication, friendly service, and trustworthy guidance to ensure a smooth experience. Furthermore, his team goes the extra mile to assist all potential clients, including those with credit challenges or who are self-employed and facing difficulties securing traditional home loans.

What is a reverse mortgage?

Considering a reverse mortgage? It’s a fantastic option for seniors house-rich, but cash-flow poor. This innovative loan allows you to tap into the equity you’ve built up in your home, putting more money back in your pocket and alleviating any concerns about selling or downsizing.

Open to anyone 62 and older, a reverse mortgage offers flexibility in how you receive your funds. Choose from a convenient line of credit for ongoing needs, receive regular monthly payments, or even opt for a substantial lump sum. The greatest benefit? 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.

Imagine the possibilities! Relax and finally enjoy your retirement. Take that dream vacation, invest in home improvements, or simply boost your entertainment budget. With housing prices on the rise in Southfield, a reverse mortgage is even more attractive. Values have surged 17.2% in the past year, reaching an average of $238,105 (source: https://www.zillow.com/southfield-mi/home-values/). There are already 2,180 residents reaping the benefits of a reverse mortgage, with 54 new customers in the last year alone. Let’s explore if this program can help you enjoy your golden years to the fullest!

About Southfield, Michigan

Steeped in history, Southfield boasts a unique origin story. Originally christened “Ossewa Township” in 1830, the name lasted a mere 17 days before a group of residents successfully petitioned for a change. Southfield, reflecting its location south of Bloomfield’s “fields,” was chosen as the new moniker.

The township’s early settlers hailed from nearby Birmingham and Royal Oak, with some venturing further from New York and Vermont. Incorporation as a city came in 1958, and interestingly, the population has remained relatively stable at around 75,000 since the mid-1970s, following a period of explosive growth that more than doubled its numbers during the 1960s.

Despite this flat population curve, Southfield has blossomed into a premier address in Michigan, attracting businesses and residents alike. Dazzling homes and skyscrapers share the landscape with sprawling green parks and tranquil tree-lined neighborhoods, offering a remarkable blend of urban energy and natural beauty.

Contact your Southfield reverse mortgage lender today

You can’t afford to go past David Blatt and his team at Reverse Mortgages of Michigan if you are looking for financial freedom in retirement.

Buying a reverse mortgage may sound intimidating. But David makes the entire process as simple and pain-free as possible.

Call David today on (248) 763-1438. You won’t regret it.