No mandatory monthly payments. A great way to improve your retirement. Receive cash for any reason. Line of credit that grows annually. Retain ownership of your home. Loan proceeds are tax free. Insurance premiums for long term care.
West Bloomfield Reverse Mortgages
If you are a senior living in West Bloomfield, struggling to afford retirement, it may be time to look into a reverse mortgage with David Blatt.
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David Blatt
NMLS: #114358
248-671-6387
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West Bloomfield, Michigan Reverse Mortgage Lender
Residents of Oakland County looking for the latest insights on reverse mortgages can trust David Blatt and Reverse Mortgages of Michigan. Whether you’re in West Bloomfield, Waterford Township, Novi, or anywhere else in the area, David’s extensive experience is at your service.
A true reverse mortgage expert with over 30 years in the field, David has dedicated his career to helping Michigan seniors navigate residential lending services and secure their financial futures. His expertise extends beyond reverse mortgages – David is also a seasoned real estate broker with both federal and state licenses. His tireless dedication was recognized by the Michigan Brokers Association with an excellence award during his time on the board.
Considering a reverse mortgage to solidify your retirement? Look no further than David. He’ll walk you through all your options, empowering you to make the best financial decisions for your golden years.
What is a reverse mortgage?
Considering a reverse mortgage? It’s a fantastic option for seniors house-rich, but cash-flow poor. This innovative loan allows you to tap into the equity you’ve built up in your home over the years, putting more money back in your pocket and alleviating any concerns about selling or downsizing.
Open to anyone 62 and older, a reverse mortgage offers financial freedom without the need to sell your cherished home. Choose from a convenient line of credit for ongoing needs, receive regular monthly payments, or even opt for a substantial lump sum. The greatest benefit? 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.
Imagine the possibilities! Reverse a life of financial worry and step onto easy street. With housing prices on the rise in West Bloomfield (values have surged nearly 16% in the past year, reaching an average of $407,860 – source: https://www.zillow.com/west-bloomfield-mi/home-values/), a reverse mortgage is even more attractive. There are already 1,168 residents reaping the benefits, with 58 new customers in the last year alone. Let’s explore if this program can help you enjoy your golden years to the fullest!
About West Bloomfield, Michigan
West Bloomfield boasts a rich history dating back to 1833, when it branched off from Bloomfield Township. This charter township, situated 25 miles northwest of Detroit’s bustling downtown, is recognized as one of Oakland County’s most affluent suburbs.
West Bloomfield’s landscape has undergone a charming transformation. Once dotted with apple orchards, it’s now affectionately known as the “lake township of Oakland County” by its residents. This moniker perfectly reflects the abundance of water features within its borders. Cass Lake, Pine Lake, and Orchard Lake reign supreme as the county’s largest lakes. The latter two boast private country clubs along their shores, adding to the area’s allure.
For residents seeking outdoor recreation, Marshbank Park on Cass Lake is a haven. This popular spot offers a fishing pier, baseball fields, walking paths, and ample summer shade, providing a perfect escape for locals of all ages.
Contact your West Bloomfield reverse mortgage lender today.
David Blatt and Reverse Mortgages of Michigan are looking forward to the opportunity to discuss how a reverse mortgage can help your unique situation. For a no obligation chat about this wonder product, please call David today on (248) 763-1438.
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Resources
and case studies
Gain valuable insights from my research and case studies on reverse mortgages and home loans.
01
Who Qualifies for A Reverse Mortgage?
Reverse mortgages offer a valuable financial solution for retirees seeking to access their home equity without selling their property.
02
The Effects of Inflation on Retirement
As retirees bid farewell to the workforce and transition into a life of leisure, the looming specter of inflation demands attention.
03
Navigating Reverse Mortgages in an Inflationary Market
Understanding inflation's impact on the real value of borrowed funds and the appreciation of home values is crucial for those considering a reverse mortgage.