Troy Reverse Mortgages

Troy, Michigan Reverse Mortgage Lender

In Oakland County, navigating the world of reverse mortgages is a breeze with David Blatt and Reverse Mortgages of Michigan. Whether you reside in Rochester Hills, Clawson, Berkley, or any surrounding 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 and securely in their cherished homes. He truly understands the priorities of Baby Boomers – a focus on financial freedom, security, and peace of mind in retirement.

David prides himself on offering friendly, personalized service with competitive rates and fees, ensuring a smooth and transparent experience. While a reverse mortgage might seem daunting, David is committed to making the entire process as simple and stress-free as possible for you.

What is a reverse mortgage?

Worried about finances in your golden years? A reverse mortgage can be a game-changer! This innovative loan option tackles cash-flow concerns for house-rich, cash-poor seniors by reversing the traditional mortgage payment flow.

With a reverse mortgage, you can leverage your home equity to supplement your income and enjoy a higher standard of living, all while remaining in your cherished home. Open to anyone 62 and older, a reverse mortgage offers flexibility in how you receive your funds. Choose from a lump sum, regular monthly payments, or even a convenient line of credit for ongoing needs.

The real beauty lies in the repayment structure. 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. This eliminates the stress of selling and allows you to focus on what matters most – enjoying your retirement!

Troy residents will be happy to know that rising home values make a reverse mortgage even more attractive. Prices have climbed 15% in the past year, reaching an average of $399,298 (source: https://www.zillow.com/troy-mi/home-values/). With 851 current reverse mortgage holders and 48 new customers in the last year alone, it’s clear that many in Troy are finding value in this program. Let’s explore if a reverse mortgage can help you unlock the door to a worry-free retirement!

About Troy, Michigan

Steeped in history, Troy has a unique connection to its namesake. Early settlers, hailing from Troy, New York (itself named after the legendary Trojan city in modern-day Turkey), established the community in 1819. Originally a township formed in 1827, Troy officially became a city in 1955.

Located just 16 miles northwest of downtown Detroit, Troy is a thriving city of nearly 90,000 residents. In 2011, it earned the distinction of being named Michigan’s safest city. Just three years prior, Troy received national recognition as well, ranking 22nd on CNN Money’s list of the best places to live in the United States.

The city’s appeal stemmed from its combination of attractive housing, exceptional education, a robust economy, and ample recreational opportunities. An abundance of parks, rivers, lakes, and woodlands, along with a vibrant restaurant scene, solidify Troy’s position as one of Detroit’s most desirable communities.

Contact your Troy reverse mortgage lender today

David Blatt and his team at Reverse Mortgages of Michigan are standing by to lead you on the path back to financial independence.

Please call David today on (248) 763-1438 and he will be delighted to talk with you.