Sunday, July 15, 2018

Don't Miss Home Buyer Seminar! Bi-Lingual. Keller Williams Realty Amarillo

Pamela Madore
Keller Williams Realty
3955 S. Soncy
Amarillo, TX 79119

Bi-Lingual Home Buyer Seminar

Come and find out how to get qualified for a mortgage, find a house, get insurance, and find out about home warranties!

This is a one-stop time to get information and make appointments for more specific information just for you!


Plan on coming 7/26/2018 from 6PM to 7:30.  Lots of information and fun.  Door prizes!




Please RSVP so we will have enough materials!  Look forward to seeing you there!


Hosted by Pamela Madore, Mortgage Broker
                  Veronica Leiva,  Real Estate Agent
                 Lisa Link, Insurance Agent




Sunday, June 24, 2018

Help Me With My Mortgage! It Is A Tough One!!

Pamela Madore
Pamela Madore Mortgage
806-290-1920

Help Me With My Mortgage!  It Is A Tough One!!

Not everyone can walk into a bank and get a mortgage to buy a house.  Not everyone fits the "perfect" mold.  As a matter of fact, I would say the MOST people don't fit that mold.


One great thing about being a Mortgage Broker is that I have the availability of dozens of mortgage programs that will fit just about everyone's needs.  Where as Bank has typically less than 10 and they mostly have the same or similar guideline, I have the advantage of being able to see your situation and then go find a lender that will do it!

The days of "I've banked there all my life" are over.  Banks sell all (a few exceptions) of there loans into the secondary market and the secondary market will only buy loans that meet their guidelines.  It becomes the trickle down affect.  



I have the ability to do all of those types of mortgages as well.  And I do.  Specializing in personalized service---because it is just me!  But in addition, I have mortgages that don't fit the secondary guideline market and I can still do them.

Are you self-employed and turned down?   Do you have an ITIN?  Have you been on your job a short time?   Do you have low credit scores?  Have you had a foreclosure?  A bankruptcy? Don't have much money?

There are mortgage programs that fit many of those things.  They all have guidelines, too, but much easier to fulfill.


So don't be afraid!  If you have been turned down don't take it personally and just assume that the bank didn't have a program to match to you.  Maybe I do.

Call me for a free pre-qualification.  I don't have a website for you to "apply" on.  I am a little old school and want to get to know you.d

I am waiting to hear from you................................

Pamela Madore
Pamela Madore Mortgage
3955 S Soncy
Amarillo, TX 79119
806-290-1920
pamelamadoremortgage@gmail.com
NMLS#289635

Thursday, June 7, 2018

Step One To Becoming A Successful Real Estate Agent: Your Big Why

Pamela Madore
Keller Williams  Realty
806-290-1920
http://pamelamadore.com

Step One To Becoming A Successful Real Estate Agent

Admittedly, there are many aspects to becoming a successful real estate agent.  I have found that taking the steps one at a time will move you along much faster,



Step One:   Your Big Why (Or Want)   



I have found that if you don't want it bad enough you won't get it.   If you jump out of bed every morning and dash off, to work on the plan to get you what you want, you have found your big WHY.  If you drag out of bed with no plan but your first cup of coffee then maybe you need to spend some time thinking. 
No Room For Cry Babies

A plan with clarity of mind and extreme focus can get you where you want to be. 

What if you don't know where you want to be?  Or what you want to do?  Your dream is nebulous with no defined outline?  You have so many things going on in your life the only thing you can think of is getting through the day. 

This can only mean there is time for a change in your thought process.  Thinking can be hard work.  It takes time and energy.  There is a saying that goes something like this "a problem defined is nearly solved".  Define your problem.

Let me give you an example.  I'll use a simple example.  You ask a little boy (could be a girl) "what do you want to be when you grow up?".   He says a successful real estate agent.  Then you ask, "what do you have to do to become a successful real estate agent?".  At this point, \the boy/girl has an opportunity to choose whether or not he really wants to become a successful real estate agent.  He may shrug with and "

I don't know look" and move on OR he might say that he will need to read and talk to successful real estate agents to find out what you have to do and who you have to become.

He then can take all of the information and create a step by step plan on how to become a successful real estate agent.  IF he follows the plan he WILL become a successful real estate agent.   He discovered his big WHY and more importantly he created a plan to get there.

Now you try it.  If you are looking at this page with a blank stare then we have some work to do.  LOL


To become a successful real estate agent you first have to define for yourself what is "a successful real estate agent".  A little thinking and dreaming can go a long way at this point.  For one person it might mean selling 2 houses a month.  For someone else it might mean become a multi-millionaire and retiring in 5 years.  Not everyone has the same definition.  Yours is yours.

I know what you are thinking.  Gee, I want to be a multi-millionaire and retire in 5 years but I could never do that.  You have a limiting belief.  The real answer is that anyone can do it.  The truth, however, is how big is your WHY?  How bad do you want it?

I don't know if you ever had to do this in school before but I can remember having to do "outlines".  I hated them.  I hated them because I couldn't see how to get from here to where I was going. 

An outline is a plan.  It is a plan to get from where you are today to where you want to go.  Plans have steps.  All you have to do is find out what the steps are and build them into your plan and then follow them.  It is really pretty simple IF you follow your plan.  You will need help doing this.  Read Ask questions.  Follow successful people around.

Now going back to the undefined plan of the boy/girl that wants to become a successful real estate agent.  This is the point that will determine if your WHY is big enough.  Are you willing to do the research, talk to the right people, put a plan together and then follow it?

Going back to selling 2 houses a month or becoming a multi-millionaire; only you can decide which is what you want.  Selling 2 houses a month might be a smaller plan but it is a plan nonetheless.  It is something you have to put together and then follow it. 


A common thing to happen is that you lose track of where you are in your plan.  You are so busy trying to implement the plan you don't keep some sort of a scorecard to measure whether or not you are still on the plan.  A scorecard can be measured in $$$ earned or in houses sold or tied to time or whatever you want it to be.  You must have a scorecard to keep track.

So.  Is your WHY big enough to write it down, create a plan and then follow it?  Are you jumping out of bed every morning to move to the next point of implementation?  If your WHY isn't big enough you will only be thinking about that next cup of coffee.

For more information visit http://pamelamadore.com

Pamela Madore
Keller Williams Realty
3955 S. Soncy
Amarillo, TX 79119
http://pamelamadore.com
pammadore@kw.com
806-290-1920






Sunday, June 3, 2018

How To Figure Out Your Plan For Your LIfe: Your Big Why

Pamela Madore
Keller Williams Realty
806-290-1920
http://pamelamadore.com

How To Figure Out Your Plan For Your Life:  Your Big Why

Oh my gosh.  There is so much talk about this whole WHY thing and, for me, I had no idea how to figure out what my why was. I had no idea to even know where to start figuring it out!!!  Help.  Are you there?  Are you where I was?

Let me see if I can help.

I am going to use myself as an example because they always say to "use what you know".  Of course, in this case it may not apply since I still don't know exactly how this whole thing works.


Somehow after reading books I determined it started with goals.  That only served to confuse me more .  What is a goal?  In football it is a couple of posts standing up that people kick a football through.   I'm pretty sure that isn't what was meant in this situation.

According to google a goal is:  the object of a person's ambition or effort; an aim or desired result.

Hmmmmm.  What am I trying to accomplish?



Dreaming is great. 🗨️𝨐 I love to sit around and dream about going places and seeing new things and taking great pictures.  I really wish I could.  Follow along and sit for a moment and dream.  What are you wishing for?


Bleep.


What was the word that messed the whole thing up?  It is the word WISH.  We are always told to "wish upon a star" or throw a penny in a wishing well to get a wish, or even rub a genie (never could figure that one out) or blow out candles on a birthday cake.  Did it work for you?


Wishing doesn't get you very far.  You have to put legs to the wish.


So let's just talk the first part of my wish.  Going Places.  You follow along with your wish.


I wish I could go places.

I can go places.
I will go places.
I am going places
I am creating a plan to go places.  

How did yours come out?  I had a mind-shift.  An attitude change.  I went from wishing I could go places to creating a plan to actually do it. 


Next step.  


Where do I want to go?  I am dreaming about going to Alaska.  I have never been and I would like to go and see what is there.


First, I have to convince myself that I CAN do it.  Luckily for me I am an optimistic person.  It is easy for me to say "I can".   If you have trouble with that then you may have to take some time to convince yourself it is possible. Read positive thinking books.  Talk to positive people.  Eliminate the negative people in your life. (Hope you aren't married to one).  Write it on your hand, on the mirror in your bathroom, and just about everywhere.


(Let me just throw in here that it really has to be reasonable.  If you dream about visiting Mars you might need to back off just a bit.)


Second, you have to go from CAN to WILL.  Admittedly, I often fall down here.  The reason?  I don't want it bad enough.  My WHY isn't big enough.  This is where you decide if your dream (mine) is to go to Alaska or it was because I watched a documentary on Alaska and thought it was nice. If you don't want it bad enough then go back to the dream board.


In my case, however, I DO want this to happen.  I have decided.   I know I CAN.  At this point all doubt has to be eradicated.  It has to be my reason for getting out of bed in the morning.  I AM  going to Alaska.  This is a great time to start telling people.  That serves to do two things.  First,  it will become more real and second, they will hold you accountable.  


Now for my plan.  It has to be done in "outline" form.  I hate outlines.  I am going to list them first as questions?



When am I going?How am I getting there?How long will I be gone?What will I do when I get there?


How much money do I need to make this happen?  (Quite often this can be the challenge.)

When am I going?   I think first I need to determine what season I want to be there.  Winter, spring, summer, fall.  The weather will be a factor and depending on what I plan on doing may determine what time of year I am going.   Step:  Research seasons in Alaska.

How am I getting there?   I already know this one.  I am buying one of the Sprint RV's.  It is big enough to accommodate what I need and small enough so I don't need to drag along an additional car.  See I already had that figured out because I have started my research.

How long will I be gone?   For me, since my time is flexible, that can be an open-ended question.  How long I am gone really doesn't matter.  I can be gone a year if I want to.  I think I will fill that blank in with "until I am bored" or "until I want to go home".   That will suffice.

What will I do when I get there?   I have no idea.  I don't even know what is there is except wilderness.  That has a draw on me.  I grew up in Maine so I like wilderness, trees and water.  I need to make that a little more specific though.  Step:   Research  things to do in Alaska.  Since I am driving there I will also research things to do along the way.


How much money will I need to make this happen?  This is going to take a lot more research because I don't have unlimited funds.   I guess the first thing I need to do is research how much a Sprint RV is going to cost.  Shall I buy new or used?  How much is my budget going to be?

Other money questions to research and answer:

How much will gas cost?
How much will it take for food and toiletries?
How much will it cost for "things I want to do"?
How much will it cost to keep the household back home running?

I am sure there are many others and I will research and make a list along the way.  I will have to decide if I want to go the "economy version" or the "luxury version"?



How are you doing?   Is this making sense?   If you are at a stand still then do more research.  For me, however, I am not the kind of person that wants everything move planned to death.  I want the freedom to change my mind and do things on the "spur of the moment".

So that is my WISH, CAN, WILL, AM, AM.




Each one of my questions (steps to the plan) will take some more research in order to get it all together.  I guess I should have put in my question place "how long do I want it to take to do the research?"  :-)

Or I could "just wing it".   Just kidding.

Contact me.

Pamela Madore
Keller Williams Realty
3955 S. Soncy
Amarillo, TX 79119
http://pamelamadore.com
806-290-1920
pammadore@kw.com






  


Saturday, May 5, 2018

Mortgage Financing Made Easy--Contact Me Today!

Pamela Madore
Pamela Madore Mortgage
NMLS #289635

I have found that most people feel that the most difficult part of getting a home is to get the financing.  While that may be true in some cases I have found that many people have been told that they couldn't get a mortgage when in fact they really can.
Pamela Madore Mortgage


How is this possible?  Let me take a minute to bore you and tell you how the process works.  


There are different kinds of loans.  The 3 most common types of loans that you will hear about are FHA, VA, and Conventional.  These 3 types of loans when put in the context of "vanilla" type loans all have certain strict guidelines that you must meet when you go to a "vanilla" bank.  When I say that, what I mean is that they will only take the cream of the crop.
Pamela Madore Mortgage


How many cream of the crop people are out there?  I have found that there are many, many more people that are NOT cream of the crop.  Most of us had have blemishes here and there.  We run into problems and get laid off and get behind, etc.  "Vanilla" banks can't help you.  These are the prominent banks in town.

So what is your alternative?  Rent?  For the rest of your life?

No.  Let me give you some alternatives.  I am a Mortgage Broker and what that means is that you tell me your situation and I search lenders all over the U.S. that will do your loan.

Let me give you a couple of examples:


  • Scores down to 580 easily
  • Scores down to 500 a little harder
  • For investors--not really any scores
  • Self-employed and show no income?  Just give me bank statements.
  • Mobile homes?  Can do most types.  Even single wides.
  • Want to fix and flip a house?  See me.
  • Only have an ITIN.  Let's talk. (I don't speak Spanish but have people that help me)
  • Had a foreclosure?  Bankruptcy?  I have "second chance" programs.
There are tons of other types of programs available.  Each scenario is different.

The way I like to work is if you don't qualify TODAY, I will give you a game plan, and stay in touch until we get you there.  I have been doing this since before most of you were born.  LOL  Let me help.

Pamela Madore Mortgage
You can email me, text me, call me, FB me or simply go to my website and give me your information.  Leave me some details in the comments section and I will call you back.

Added bonus.  I am a Realtor at Keller Williams Realty.  If you don't already have a Realtor I can help you find a house, too.

Don't be shy or embarrassed.  If there is a will, there is a way!

Look forward to hearing from you!


Pamela Madore
Pamela Madore Mortgage
3955 S. Soncy
Amarillo, TX 79119
806-290-1920
http://iloveamarillo.com
pamelamadoremortgage@gmail.com
FB Pamela Pickering Madore







Friday, May 4, 2018

Here Is A Desperate Cry For Help! ME!!

Pamela Madore
Keller Williams Realty
Pamela Madore Mortgage
http://www.iloveamarillo.com/contact/

Have you ever done something and thought oh (imagine the word) I can't believe I did that?  How stupid!  Well, I did it.

I am teaching an amazing class at Keller Williams Realty called Ignite.  It is mostly for new agents but new and old come.  It is a 4 week class meeting 3 times a week.  

Part of the homework for them is to increase the people in their address book by 200 in the 4 weeks.  

Well,  if you are like just about everyone else in the world, you will find reasons why that is too much to do in the amount of time we have.  Granted it is a lot.  However, if we are going to build our businesses we need our friends and family and networking contacts to help us.  Agreed?

So we are near the end and the goals are not where they should be. Actually we have one week left.  

So, me and my big mouth, I told them that I could get 200 new contacts in my address book in one week.  Can you believe I actually said that!!!?>??!!

So this is where you come in.  This is me on my knees ---actually most people respond to be a dog better---begging you to help.  

HELP MY MOM SO I CAN GET A PUP CUP AT SB!!



What I need is for you to go to my website at :

I LOVE AMARILLO

and register.  Please.  It only takes a minute.  In the comments section please tell me something about yourself.


Just as an aside:  I am a Realtor at Keller Williams Realty and a mortgage broker at Pamela Madore Mortgage.  I can help you with your financing and with your house.  One stop shop.  :-)  I sort of specialize in the difficult.  So in the comments, if you are interested in buying, selling, getting pre-qualified, or getting a real estate license, please let me know.

I soooooooooooooooooooooo  appreciate your help.  I have to show my students that it is possible to do. Besides, after I do it they all owe me a Starbucks card!

Thanks!

Pam

PS  If you have a business that you would like to add me into your address book let's reciprocate.  Help each other.  Deal?

Pamela Madore
Keller Williams Realty
Pamela Madore Mortgage
3955 S. Soncy
Amarillo, TX 79118
806-290-1920
http://iloveamarillo.com




Sunday, March 25, 2018

Getting A Mortgage Loan? Consider An FHA.

Pamela Madore
Pamela Madore Mortgage
806-290-1920

Who Can Qualify For An FHA Mortgage? Consider an FHA.



Don't be fooled.  Many people think that you have to be low-income.  Others think you have to be a first-time homebuyer.  Neither are true.

An FHA loan is a federally insured loan.  FHA stands for Federal Housing Administration.  The loan does not come directly through FHA.  The loan is comes from a lender or bank. 

The connection is through mortgage insurance.  FHA mortgage insurance's acronym is MIP which is mortgage insurance premium.  The MIP is both an upfront premium that is allowed to be financed into the loan.  There is additionally a monthly premium that is part of your escrow account. (taxes, insurance, MIP)

Have questions?

In the event that the borrower defaults on the loan, the mortgage premium serves to offset the loss to the original lender. 

That is a simple version of how the program works.

So.  Who can qualify? 

The orginal lender has to follow FHA guidelines in order to obtain the FHA insurance.  So what are these guidelines?

Let's get rid of the idea that you have to have a low income.  That is simply not true.  You can make as much money as you want.  I suppose Warren Buffet could qualify for an FHA loan if he wanted to. :-)

Second, you can get an FHA loan even if you have had one before.  There are certain exceptions where you can have 2 FHA loans at the same time but as a rule, you need to pay off the first one before getting a second one.

An FHA loan requires a minimum of 3.5% as a down payment.   So, as an example, you would need a down payment of $7000 on a $200,000 house. 

There is a limit to the amount of money you can borrow.  This limit is set by FHA based on county.  The limit in Potter/Randall county is currently at $294,515 for a single family house or mobile home. The purchase price can be any amount.

FHA loans must be owner occupied.  Investors are excluded.  You can also buy a duplex, tri-plex or quadraplex as loan as you live in one unit.  The maxium mortgage amount on these are $377,075, $455,800 and $566,425 respectively.

The house must also meet FHA guidelines.  We often say that it must be safe, sound, and sanitary.  The most common reason that a house won't pass for FHA is on a house built before 1978 and has chipped or peeling paint.  Prior to 1978 some paint had lead in it and FHA find that to be a hazard.

You can also buy a double-wide mobile mobile home.  It has to be retro-fitted with an approved FHA foundation and have not been moved from one location to another.  It must have been new when placed on the site.

FHA credit scores and underwriting guidelines are a little more flexible than a conventional loan so it is very popular.  The interest rates are the same as normal interest rates on any other type of loan. 

Overall, FHA is an excellent choice for a mortgage.  You don't need a lot of money.  Your can get buy with a few credit dings.  And you can be very flexible on the type of property you buy.

For more information or to apply for an FHA loan,  contact me.   I would be happy to go over details of your situation and if for some reason you can't qualify today, I will help you prepare to become qualified.

Call today~!   Have an unusual situation?  Check here.


Pamela Madore
Pamela Madore Mortgage
3955 S. Soncy
Amarillo, TX 79119
806-290-1920
pamelamadoremortgage@gmail.com
NMLS 289635
NMLS 1560825