Select the best reverse mortgage deals in Troy, Michigan.
Meet David Blatt
Reverse Mortgages of Michigan
David Blatt and Reverse Mortgages of Michigan are one of Detroit’s leading teams if you are curious as to whether one of these ingenious loans could change your life, from Rochester Hills to Clawson, Berkley and across Oakland County.
David is a reverse mortgage specialist and a veteran of the industry, having worked more than 30 years in the business.
For more than half of that time, he has been helping senior homeowners in Michigan enjoy a more comfortable lifestyle and remain in their homes with the help of reverse mortgages.
David fully understands that Baby Boomers crave security, financial freedom and peace of mind in retirement.
He is proud to provide friendly, attentive and personal service with low rates and fees.
Buying a reverse mortgage sounds intimidating to a lot of people.
David’s commitment to you is to make the entire process as simple and stress free as possible.
What is a reverse mortgage?
A reverse mortgage is a star-studded loan vehicle that reverses the money worries of cash-strapped seniors by reversing the traditional flow of mortgage payments.
As long as you have equity in your home, a reverse mortgage allows you to remain in your home, topping up your income to give you a higher standard of living.
It is available to homeowners 62 years of age or older.
Funds can be paid in a number of different ways including a lump sum, monthly payments or even a very handy line of credit.
The real power 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 forget about having to sell their cherished home and get on with enjoying life again.
Housing prices are soaring all across the land and Troy has seen a bump of 15 percent over the last year to an average of $399,298. (https://www.zillow.com/troy-mi/home-values/)
There are already 851 people in and around Troy with a reverse mortgage - 48 of them signed on in just the last 12 months.
About Troy, Michigan
Troy was named after its early settlers who hailed from Troy, New York which in turn was named after the legendary city of Troy in present day Turkey.
It was settled as far back as 1819 and became a township in 1827 but had to wait until 1955 before being incorporated as a city.
It lies 16 miles northwest of downtown Detroit and with a population of nearly 90,000 people and was ranked the safest city in Michigan in 2011.
Just three years earlier, Troy had also been ranked the 22nd best place to live in the United States by CNN Money which observed its attractive housing, education, economy and recreational opportunities.
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 (800) 318-8000 and he will be delighted to talk with you.
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