Sterling Heights, Michigan Reverse Mortgage Lender
Meet David Blatt
Reverse Mortgages of Michigan
David Blatt and Reverse Mortgages of Michigan are one of Detroit’s top teams when you need the lowdown on how one of these incredible loans can change your life, from Bloomfield Hills to Fraser, Warren and right across Macomb County.
David is a reverse mortgage specialist and has seen and done it all in a career spanning more than 30 years in the business.
For more than half of that time, David has been helping seniors in Michigan remain in their homes with the help of reverse mortgage loans.
David appreciates the wants and needs of the Baby Boomers and prides himself on offering friendly, attentive, personal and affordable service.
His team also works overtime with residential applicants who have credit issues. He has even added a program for self-employed individuals who are struggling to be granted housing loans.
Securing a reverse mortgage might sound intimidating. David is in the business of making it as simple, worry-free and reassuring as he possibly can.
What is a reverse mortgage?
A reverse mortgage is an outstanding product that can transform the lives of seniors who find themselves asset rich but cash poor.
The loan lets homeowners unlock the equity they have in their homes, reversing the traditional flow of mortgage payments from the bank back into their pockets.
This means they can remain in their homes without having to consider selling.
As long as you are 62 years or older, you can apply.
Homeowners can request to be paid in many different ways including a line of credit, regular payments or even a lump sum.
The real beauty of a reverse mortgage loan is that as long as the terms of the loan are met, there is no need to repay the loan until either the homeowner sells the residence or the last surviving borrower passes away.
It means retirees can put their money worries behind them and start enjoying life again with a real sense of financial freedom.
Housing prices are rising all over the country and Sterling Heights is seeing a warming of the market as well with properties up nearly 15 percent over the last year to an average of $275,454. (https://www.zillow.com/sterling-heights-mi/home-values/)
There are already 1677 people in and around Sterling Heights on board with a reverse mortgage - 64 of them in just the last 12 months.
About Sterling Heights, Michigan
Originally known as Jefferson Township in 1835, it changed its name to Sterling Township in 1838, probably after Sterling, New York, home to a number of the early settlers.
But there was already a Sterling in Arenac County, hence “Heights” was added to the name.
Corn, wheat and livestock were among the town’s early industries while rhubarb became a popular crop in the 20th century.
Big industry arrived in the form of the Sterling Heights Assembly Plant which began as a jet engine manufacturer in 1953 and is now owned by Chrysler, while Ford owns the Van Dyke Transmission Plant.
The city of more than 130,000 people is now the second largest in the Detroit metropolitan area, 23 miles north of downtown.
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 (800) 318-8000 for a no obligation assessment.
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