May 01 2008
San Francisco Reverse Mortgages
Perhaps due to a strong job center, San Francisco is the strongest real estate market in California and has managed to avoid the “declining market” stigma. The median price has declined by just 1.5% in the county and city of San Francisco. Because many homes are valued at over a million, most reverse mortgage lenders offering jumbo loans will require two independent appraisals, but none have announced automatic loan amount reductions. Hopefully for the seniors who live there, the San Francisco real estate market will maintain its current strength.
More on San Francisco Reverse Mortgages can be found here.
