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.
Sterling Heights Reverse Mortgages
If you are a senior living in Sterling Heights, struggling to afford retirement, now is the time to look into a reverse mortgage with David Blatt.
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David Blatt
NMLS: #114358
Phone: (248) 763-1438
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Sterling Heights, Michigan Reverse Mortgage Lender
Macomb County residents looking to navigate the world of reverse mortgages can trust David Blatt and Reverse Mortgages of Michigan. Whether you’re in Bloomfield Hills, Fraser, Warren, or anywhere else in the area, David’s extensive experience can guide you through the process.
A seasoned reverse mortgage specialist with over 30 years in the industry, David has dedicated more than half his career to helping Michigan seniors age comfortably in their cherished homes. He understands the unique financial goals and anxieties of Baby Boomers, and his focus is on providing friendly, personalized service at affordable rates. David doesn’t shy away from complex cases; his team goes the extra mile to assist applicants with credit challenges. He’s even developed a program specifically for self-employed individuals who face difficulties securing traditional home loans. While a reverse mortgage might seem daunting, David simplifies the process, making it a stress-free and reassuring experience for his clients.
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, reversing the traditional flow of mortgage payments – money goes back into your pocket, instead of out.
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! Finally achieve financial freedom and truly enjoy your retirement. Put your money worries to rest and focus on what matters most. With housing prices on the rise in Sterling Heights (values have surged nearly 15% in the past year, reaching an average of $275,454 – source: https://www.zillow.com/sterling-heights-mi/home-values/), a reverse mortgage is even more attractive. There are already 1,677 residents reaping the benefits, with 64 new customers in the last year alone. Let’s explore if this program can help you enjoy your golden years to the fullest!
About Sterling Heights, Michigan
Sterling Heights has a rich history with a twist on its name. Originally christened Jefferson Township in 1835, it was renamed Sterling Township three years later, likely in honor of Sterling, New York, where many early settlers hailed from. However, to avoid confusion with another Michigan town already named Sterling, “Heights” was subsequently added.
Beyond its name, Sterling Heights’ past revolved around agriculture. Early industries included corn, wheat, and livestock production, with rhubarb becoming a popular crop in the 20th century. The arrival of major corporations like Chrysler’s Sterling Heights Assembly Plant (originally a jet engine manufacturer in 1953) and Ford’s Van Dyke Transmission Plant transformed the city into an industrial hub.
Today, Sterling Heights thrives as the second-largest city in the Detroit metro area, boasting a population of over 130,000 residents. Located 23 miles north of downtown Detroit, the city celebrates its vibrant culture and diversity with the annual Sterlingfest, a music and arts fair.
Contact your Sterling Heights 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.
Please call David today on (248) 763-1438 for a no obligation assessment.
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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.