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Oak Park, MI Reverse Mortgage in Michigan

If you’re a homeowner 62 years or older, consider the tax-free income benefits of a Reverse Mortgage.  Unlike a regular mortgage, with reverse mortgages the lender makes payments to you.  Oak Park, MI residents can choose to receive the money from a reverse mortgage in fixed monthly payments, a line of credit, or in a lump sum.  More than 55% of borrowers choose the line of credit, which allows you to draw from the loan at any time.

 

The amount of your reverse mortgage is determined primarily by your age and appraised home value.  To find out just how much you can get, speak to one of our Reverse Mortgage Specialists today!

Return to reverse mortgage in the state of MI

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Oak Park, Michigan News
Two adults charged in Roosevelt gun incident

Two adults are facing charges in the case of the Roosevelt Primary School first-grader who brought a loaded handgun to school in September.


Chuck Bennett: Smooth Style Beauty Bash honors Metro Detroit women

There was lots of activity, mostly beauty-related, when Smooth Jazz V98.7 and Christian Dior Cosmetics presented its Smooth Style Beauty Bash on Nov.


Police: Hit-and-run victim was visitor

The victim of a hit-and-run incident, hospitalized in critical condition since last week, has been identified as a visitor from Chicago though police did not release the man's name.


Police seek help with IDs after hit and run

The elderly victim of a hit-and-run crash remains hospitalized in critical condition at a local hospital as Southfield police seek help identifying him and finding the vehicle that struck him Sunday at 13 Mile ...


Ferndale Students Report Being Followed

The community of Ferndale is on alert after two high school students reported being followed for several blocks by two men on their way to school on Nov.


Voters say yes to school millage

Thomas Bainbrdige had a good feeling about the Southfield Public Schools millage request even with only Lathrup Village reporting its totals.


Hamtramck repeals discrimination ban

Residents on Tuesday repealed a controversial human rights ordinance that's less than a year old.


State House races favor Democrat, incumbents

Democrat Ellen Cogen Lipton will take the 27th District state House seat left vacant by term-limited Andy Meisner.


Ferndale students report being followed on way to school

Two Ferndale High School students told police they were followed as they walked to school Monday morning.


Candidates compete to replace retiring Berkley judge

Voters will decide Tuesday who succeeds retiring 45A District Court Judge William Sauer when they cast their ballots for assistant prosecutors Denise Brainard or Jamie Wittenberg.


Two men charged in 23 year-old homicide in Royal Oak Township

Oakland County Sheriff's detectives said Friday they've cracked a 1985 slaying of a township motel clerk with the aid of DNA evidence left at the scene 23 years ago.


Fans line up early to meet Martha Stewart in Birmingham

Wearing a gray jacket, slacks and her signature smile, Martha Stewart greeted 400 fans Wednesday afternoon at the Borders store in Birmingham, where she signed copies of her new book, "Martha Stewart's Cooking ...


Levin aiming to keep steady in year of change

Even in the 12th Congressional District, voters are talking "change." "There's a real surge for change out there," said incumbent Sander Levin, D-Royal Oak, who is seeking his 14th consecutive term in Congress.


Warren Symphony concert features America's immigrant heritage

The Warren Symphony Orchestra will present 'America, The Melting Pot,' a dynamic, multimedia concert depicting the moving story of America's immigrants, on Nov.


3 vie for 2 seats on 45-B bench

Oak Park City Councilwoman Angela Diggs Jackson thinks her city needs more representation in regional government and the 45-B District Court needs to be more open to residents.


Ford High students walk out to protest school violence

About 100 students walked out of Ford High School in Detroit near midday today saying they wanted to highlight violence in the school and pay respects to a classmate killed last week.


County commissioner seeking 4th term is 'not done' yet

There's little Oakland County Commissioner Helaine M. Zack can say about her opponent or her opponent's views in the Nov.


Letters: City should not abandon cable commission

Your October 15 editorial argues that the City Council erred in disbanding the Cable Television Commission.


Made in Jackson: 'Jacktown' takes bad movies to jail

In the illustrious history of prison films, the 1962 feature " Jacktown " has somehow been lost among all the Jailhouse Rock and Caged Heat - probably because those movies were actually scintillating in their ...


9th Congressional District: What to Watch

In three weeks voters will head to the polls. One of the races that has especially attracted the attention of voter, pundits, and national parties is Michigan's 9th Congressional District.


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