The good news continues. According to a recent article in the San Francisco Chronicle (May 21, 2010), the median priced home in San Francisco, Oakland, San Jose, and other Bay Area communities continues to rise in value. In fact, the median price of resale homes jumped a whopping 30% in April 2010 compared with the prior year. While! Who knows, at this rate, maybe we'll get back to the pre-crash values before I die! (I kid, I kid!)
Whether you are looking for a mortgage to purchase a San Francisco Bay Area property, or a refinance, rising values can help you qualify for the loan you want.
If you need some help figuring out what you can afford, whether you should buy now, or whether it makes sense to refinance, contact us. We'll be glad to give you our viewpoint and help you figure out what's right for you.
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