HotelDel DownTown Sunset

Greetings from Jennifer Ross -  Realtor
hawaiiI just returned from a vacation in Maui where I reunited with seven classmates from elementary and high school.  Two of the women were my best friends in 4th grade!  We remembered square dancing in the Almond Blossom Parade at 9 years old (lots of things I didn't remember)! We enjoyed a wonderful week of reminiscing, sightseeing, cooking, shopping and concocting everything we could out of Malibu Rum! We found out that "Malibu" actually cured one ladies' aching back, and immediately helped another ladies' "Planters Fasciitis" foot problem!  What a wonderful week!
How Does A Reverse Mortgage Work?

Designed for seniors, a reverse mortgage is a loan that allows the homeowner to convert some of the equity in their home into cash or monthly income, while retaining home ownership. Reverse mortgages work much like traditional mortgages, only in reverse. Rather than making a payment to the lender each month, the lender pays the borrower. All persons on the title must be at least 62 years old and occupy the home as their principal residence. You must own your home "free and clear" or have a very small mortgage balance. Income is not required to qualify. Reverse mortgages do not have to be paid back until the last surviving borrower dies, sells the home, or moves out. The total amount owed at the end of the loan equals all of the cash advances you've received, plus the accrued interest.

Key Decisions About Reverse Mortgages
News and Views  

Mortgage rates returned to an all-time low in the's weekly national survey of large banks and thrifts.  The average 30-year fixed-rate mortgage fell 9 basis points, to a record-low 4.42 percent. The average 15-year fixed-rate fell to 3.81 percent, also a record low.
But the Mortgage Bankers Association's latest economic forecast says to prepare for rising interest rates. The MBA says the average rate on a 30-year fixed rate loan will average 4.4 percent this quarter and gradually go up to 5.1 percent by the end of next year.
California's Cash for Appliances program had about $8.3 million in rebate funds remaining.  The program started with $31.7 million. Since April 22, the state has been accepting rebate applications of $200 for qualifying refrigerators, $100 for clothes washers and up to $50 for room air conditioners. On July 29, the program was expanded to include $50 for freezers, $100 for dishwashers, $300 to $750 for water heaters and $500 to $1,000 for heating, ventilating and air-conditioning systems. Washers remain the most popular purchase, with 75,734 sold so far.
The program will end when funds are exhausted. For details, visit or call (888) 390-4034.
San Diego held onto its position of dominance in the latest Harris Poll, which asked people, "If you could live in or near any city in the country except the one you live in now, which city would you choose?" As always, New York tops the list but, once again, San Diego took the number two spot.
A new report from the National Association of Home Builders finds new homes are getting smaller. In 2006 the median size of a new single-family home was 2,268 square feet. That dropped last year to 2,100 square feet and the trend toward smaller homes is likely to continue. "A new housing market is emerging, and even with the recession in the rear view mirror we expect the popularity of smaller homes to persist," said Bob Jones, chairman of the NAHB.
A new ranking of American cities has just been released and San Diego is at the bottom. In this case that is good news. According to the Allergy Foundation, San Diego ranks 98 out the 100 "most challenging" U.S. cities to live in for fall allergy sufferers.
Featured Listings

Enjoy the central location & feeling of serenity with views of lush, mature landscape from every room in this home!

Watch the Video Preview of this home.
Video of the Week

Performer and Comedian Sky Soleil uses Kermit puppets to merely entertain and inspire, but this 'viral' video with more than a million hits has brought awareness to the plight of the homeless as well.  The video is both funny as well as a superb performance!
Famous Quotes

Do the one thing you think you cannot do. Fail at it. Try again. Do better the second time. The only people who never tumble are those who never mount the high wire.

Oprah Winfrey

As always, feel free to give me a call 800-913-7677 with your real estate needs.  I appreciate your referrals.

Acedemic Earth 

Jennifer Ross

Experience Counts!
Over 21 years in
Real Estate sales
Serving all of San Diego
Office: 800.913.7677
Direct: 619.985.7340


Current Mortage Rates
 ( weekly avg)
 30 yr fixed: 4.42%
15 yr fixed: 3.81%


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