Get the best reverse mortgage deals in Traverse City, Michigan.
Meet David Blatt
Reverse Mortgages of Michigan
David Blatt and Reverse Mortgages of Michigan are one of the great teams to talk with in Traverse City whenever you need information on reverse mortgages.
From Elk Rapids to Elmwood Charter Township and anywhere across Grand Traverse and Leelanau Counties, David is your man!
He is an absolute veteran of the business and has been selling loans for more than three decades.
And his steely focus is now devoting his time and energy towards helping Michigan seniors stay in their own homes with game-changing reverse mortgages.
David understands the wants and needs of Baby Boomers as well as anyone.
He appreciates that financial security and independence is at the very top of their list.
When you meet David, you’ll instantly be drawn to his friendly, affable nature and come to trust he’s in your corner.
His team actually works hard to help all kinds of Michigan residents, including applicants with credit issues and self-employed individuals finding it difficult to be granted housing loans.
What is a reverse mortgage?
David loves selling reverse mortgages because it gives him so much personal joy to see how it transforms people’s lives for the better.
For retirees who have equity in their home but are struggling with day to day living expenses, this loan could be the answer to their prayers.
It works so well because it takes that equity and converts it into an income stream, allowing the homeowner to remain in their home rather than being forced to sell.
The loan is available to anyone 62 years or older, with approved applicants comforted by the knowledge they can forget about having to sell up and downsize.
Homeowners can be paid in a range of different methods including a lump sum payment, monthly instalments or a line of credit – a combination of all three is also available.
One of the best things about this product 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.
The cost of housing has been increasing across the United States and residents of Traverse City will be happy to know a 26.3 percent hike in the last 12 months has driven average prices to $410,726 (https://www.zillow.com/traverse-city-mi/home-values/).
There are already 184 residents in and around Traverse City who own a reverse mortgage with 23 buying one in the last 12 months.
About Traverse City, Michigan
Traverse City was named after the Grand Traverse Bay which was so called by 18th century French voyageurs who made “la grande traverse” or “the long crossing” across the bay.
It was originally known as Grand Traverse City but the new post office opted to drop the opening word to avoid confusion with the nearby Grand Traverse post office.
Proudly calling itself the “Cherry Capital of the World”, Traverse City held its first National Cherry Festival in 1925.
The festival attracts around 500,000 visitors annually and to this day, the city remains one of the largest producers of tart cherries in the country.
The region is also one of the biggest wine producers in the Midwest.
While the rare combination of both ski fields and beaches make Traverse City an all-year destination.
Michigan filmmaker Michael Moore organized the maiden Traverse City Film Festival in 2005.
And in 2015 and 2016, the city celebrated being recognised as the best small town in America by Livability.com.
Contact your Traverse City reverse mortgage lender today.
David and his Reverse Mortgages team look forward to hearing from you to discuss your reverse mortgage needs.
Please give David a call at (800) 318-8000 for a no-obligation assessment.
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