Traverse City Reverse Mortgages

Traverse City, Michigan Reverse Mortgage Lender

Traverse City residents looking for guidance on reverse mortgages can breathe easy – David Blatt and Reverse Mortgages of Michigan are here to help. Whether you’re in Elk Rapids, Elmwood Charter Township, or anywhere else in Grand Traverse and Leelanau Counties, David’s extensive experience is at your disposal.

A seasoned veteran with over 30 years in the lending industry, David has dedicated a significant portion of his career to empowering Michigan seniors to age comfortably in their cherished homes through reverse mortgages. He possesses a deep understanding of Baby Boomer priorities, particularly their desire for financial security and independence.

David’s friendly and approachable demeanor immediately instills trust, and you’ll feel confident knowing he has your best interests at heart. Furthermore, his dedicated team goes the extra mile to assist all types of clients, including those with credit challenges or self-employed individuals facing difficulties securing traditional home loans.

What is a reverse mortgage?

David Blatt is passionate about reverse mortgages because he’s witnessed firsthand how they transform lives. For retirees house-rich, but cash-strapped, this innovative loan can be a game-changer.

It works by converting your home equity into a steady income stream, allowing you to stay put in your cherished home and avoid the stress of selling. Open to anyone 62 and older, a reverse mortgage provides peace of mind – you can forget the worry of downsizing. There’s flexibility in how you receive your funds, with options for a lump sum, monthly payments, a line of credit, or even a combination. The true beauty? 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.

Traverse City residents will be happy to hear that rising home values make a reverse mortgage even more attractive. Prices have jumped 26.3% in the past year, reaching an average of $410,726 (source: https://www.zillow.com/traverse-city-mi/home-values/). With 184 current reverse mortgage holders and 23 new customers in the last year alone, it’s clear many in Traverse City are finding value in this program. Let’s explore if a reverse mortgage can help you enjoy your golden years to the fullest!

About Traverse City, Michigan

Nestled on the shores of Grand Traverse Bay, Traverse City boasts a rich history and a vibrant present. Originally named Grand Traverse City, it was shortened to avoid confusion with a nearby post office. The bay itself earned its name from 18th-century French voyageurs who completed “la grande traverse,” or “the long crossing.”

Traverse City wears the crown of “Cherry Capital of the World” with pride. The National Cherry Festival, established in 1925, continues to be a major draw, attracting some 500,000 visitors annually. The city remains a top producer of tart cherries in the nation. Beyond cherries, the region flourishes as a major Midwestern wine producer.

Traverse City offers a unique blend of year-round appeal. Rarely do you find a place with both ski slopes and beaches within easy reach. This versatility, coupled with the 2005 launch of the Traverse City Film Festival by filmmaker Michael Moore, further solidified the city’s cultural significance. Adding to its accolades, Traverse City was recognized as the best small town in America by Livability.com in both 2015 and 2016.

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 (248) 763-1438 for a no-obligation assessment.