Get the best reverse mortgage deals in Southfield, Michigan.
Meet David Blatt
Reverse Mortgages of Michigan
David Blatt and Reverse Mortgages of Michigan make up one of Detroit’s elite teams when you need to know the ins and outs of these incredible loans, from Farmington Hills to Ferndale and across Oakland County.
David is an absolute professional of the reverse mortgage business.
He specializes in these game-changing loans and has spent more than half of his 30+ years in the industry selling them.
David understands Baby Boomers as well as anyone and prides himself on offering trustworthy, friendly, attentive service with the goal of ensuring they can remain in their own homes.
His team also works overtime with residential applicants who have credit issues as well as self-employed individuals struggling to be granted housing loans.
What is a reverse mortgage?
A reverse mortgage is a super product that has been transforming the lives of seniors who have their home as a major asset but are struggling for steady income.
The loan allows homeowners to tap into the equity they have in their homes, putting more money in their pockets, so they don’t have to concern themselves with selling up and downsizing.
Homeowners of at least 62 years of age can apply for this incredible deal.
Funds can be paid to successful applicants in many different ways including a very handy line of credit, regular payments or even a lump sum.
The real power of a reverse mortgage loan 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.
It means retirees can forget about money worries and start enjoying their retirement, taking that vacation, investing in the home and spending more entertainment dollars.
Housing prices are rising all over the country and Southfield is no different with properties up a very solid 17.2 percent over the last year to an average of $238,105. (https://www.zillow.com/southfield-mi/home-values/)
There are already 2180 people in and around Southfield enjoying the benefits of a reverse mortgage - 54 of them have signed up in just the last 12 months.
About Southfield, Michigan
Southfield Township was originally known as Ossewa Township in 1830 – but that lasted for just 17 days after a group of citizens petitioned to change the name.
Southfield was adopted because of its position in the “south fields” of Bloomfield.
The first settlers came from nearby Birmingham and Royal Oak, as well as further afield from New York and Vermont.
It didn’t become a city until 1958 but now has around 75,000 residents, curiously a number that has remained static since the mid-70s.
That’s after more than doubling its number during the 1960s.
But that hasn’t stopped today’s Southfield from becoming one of the premier business and residential addresses in Michigan, full of dazzling homes and skyscrapers, offset by acres of green parks and tree-lined neighborhoods.
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 (800) 318-8000. You won’t regret it.
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