John Parrilla

NO! The timing is right for purchasing! Its a buyers market! I am a mortgage consultant: John (JP) Parrilla Manager Direct 909 641-8292. I have benn financing homes for over 12 years, prices are down rates are good! Great combo! Sellers are paying closing costs! I'm approved to finance under FHA the down is 3%, however, with a good Agent and some luck you may be able to get the seller to pay the cost and and some down payment $$ so you will have some reserves for after the purchase!
The best suggestion is to get preapproved so you know and sellers that you are a serious buyer!
Mortgage Consultant for Life! John (JP) Parrilla 909 641-8292 with Golden Horizon mortgage in RC: 909 944-1087 ext 101. Email: JPhomeloan@msn.com
Mr. John (JP) Parrilla
7365 Carnelian Street, Suite 241
Rancho Cucamonga, CA 91730

Ph 909 944-1087 ext 107
Direct 909 641-82192
Fax 909 941-4983 - Thu Aug 14 2008, 07:46

Hi Judy, I'm your mortgage consultant for Life! John (JP) Parrilla 909 641-8292 with Golden Horizon mortgage in RC: 909 944-1087 ext 101. Email: JPhomeloan@msn.com

First things first! Have you been pre-approved before you make the offer on any property. This will enable the accepting offer to be acceptted with a qualified buyer. (sellers and REO property dont want to waste time).

There is a new guideline, if you are renting the previous home: 1. Must have 30% in previous home 2. Must have renter signed agreement and check from renter 3. Must have 6 months reserves!

The other exception is that your combine income will be able to afford the new and old mortgage and then all that is required is the reserves! T

This is because of the Buy and BAIL statements from FannieMae! Give us a call for more information.

The time table will normally be within 30 days. I have close some tranactions in 12 days! So if you want to move fast, give me a call!

This is the best time to because we are in a buyers market!!!!!
Mr. John (JP) Parrilla

7365 Carnelian Street, Suite 241

Rancho Cucamonga, CA 91730

Ph 909 944-1087 ext 107

Direct 909 641-82192

Fax 909 941-4983

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Answered by
John Parrilla
Real Estate Pro
in Rancho Cucam... - Thu Aug 14 2008, 07:02

Hi Shawn, I'm your mortgage consultant for Life! John (JP) Parrilla 909 641-8292 with Golden Horizon mortgage in RC: 909 944-1087 ext 101. Email: JPhomeloan@msn.com

First things first! The process of course is that we can have you pre-approved before you make the offer on any property. This will enable the accepting offer to be acceptted with a qualified buyer.

The time table will normally be within 30 days. I have close some tranactions in 12 days! So if you want to move fast, give me a call!

Another item: if you are putting 20% down there is no MI on the new mortgage and this helps the process of getting the approval.

This is the best time to because we are in a buyers market!!!!!
Mr. John (JP) Parrilla

7365 Carnelian Street, Suite 241

Rancho Cucamonga, CA 91730

Ph 909 944-1087 ext 107

Direct 909 641-82192

Fax 909 941-4983 - Thu Aug 14 2008, 06:51