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Looking For Houses Can Be The Same As Looking For A Black Skirt

Pamela Madore
Keller Williams Realty
Pamela Madore Mortgage
806-290-1920

I can remember once a wanted a black skirt to wear to a special occasion.  I couldn't really describe it but I would know it when I saw it!


Looking for houses can be the same way.

However, in the case of my skirt, I knew I didn't want any other color than black---so I could eliminate every other color.  I knew it was a special occasion so I had to cross off that really cute black jean skirt.  I knew it had to fit.  No sense buying a skirt that I couldn't squeeze into or a skirt that was so big I didn't know what to do with it all.

And it had to be in my budget.  I had a certain amount to spend and that was it.  So maybe I couldn't look in the name brand stores.   But I knew I needed that skirt.

When you are looking for that house, the one, sometimes it is easier to start by eliminating.  
For instance, if you don't need 4 bedrooms so why bother to look.  Or maybe you need a certain school district …
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How Is Keller Williams Realty's Technology Affecting the Real Estate Industry?

Pamela Madore
Keller Williams Realty
806-290-1920

How Is Keller Williams Realty's Technology Affecting the Real Estate Industry?

At Keller Williams Realty we believe that Technology is the key to capturing the vast amount of buyers and sellers in the market.   And we have turned the way we do business to make sure that happens!

At the moment, we have many things in the "Labs" stage.  That is, they are working and learning and growing.  One of our most innovative current "Labs" item is Kelle.

Kelle is our own AI (artificial intelligence).  It is on its way to becoming one of our most successful tools for our clients.  By simply saying "snap" and then add a neighborhood, Kelle with show all of the statistics for the area.  (Email me and I will "snap" your neighborhood for you).  

We have an upcoming Command Center that will be the hub of all of our current pieces of technology and marketing.  One log-in will take us to any piece of information that b…

Is Owner Financing The Way to Go?

Pamela Madore
Keller Williams Realty
Pamela Madore Mortgage. #289635
806-290-1920


Is Owner Financing The Way To Go?

When I hear someone say they want owner financing, I always ask myself the question---Why?




The obvious answer is that they don't think that they can qualify for a mortgage.

Let me tell you a little bit about owner financing and how it works.  

First, you have to find a seller that is willing to owner finance.  As time goes on it is harder and harder to find these properties because of current laws.  

You also must be very careful to know the difference between "owner financing" and "rent to own".  


They are two totally different things.  On an owner financing you give the owner a down payment, you get the deed at closing and you own the property subject to making your mortgage payments to the owner.  The only way you lose the property is if you stop making payments and then the owner must foreclosure on you.

On a rent to own, you typically give the owner a d…

When I Say Complicated, I Mean Complicated--Mortgage, This Is

Pamela Madore
Keller Williams Realty Pamela Madore Mortgage #289635
Complicated Mortgage?  That might be you.  Please be nice to your Mortgage Broker.
I am doing a mortgage right now that the buyers could pay cash for about 6 of the price house we are buying.  But the interest rates are low so they decided to get a mortgage instead.  Sounds easy, right?  Wrong.
These people have about 9 sets of tax returns for multiple business and rental properties and bank statements from an equal amount of accounts.  Are you beginning to get the picture?  
Everything has to match up.  Payments out must match something.  Income must come from somewhere.  The better accountant you have the harder it is to match anything to anything!
Government loans have guidelines.  Some are stricter than others.  When their guidelines are a book too heavy for one person to carry, you can anticipate having to provide reams of paperwork and explanations.  
So......when I ask you for the stupidest most personal and private thi…

Borrow Up to $294,515 FHA in Potter/Randall Counties in Texas

Pamela Madore
Pamela Madore Mortgage
#289635
806-290-1920


Borrow Up to $294,515 FHA in Potter/Randall Counties in Texas





Many people think that an FHA loan is for low income people.  NOT TRUE.   FHA does not discriminate in income limits.   You can be a a quazillionaire and still get an FHA loan.

It is not only for first-time homebuyers either.  You can own other properties, too.  It does require that it be your primary residence, however.

Here are some pretty great things about FHA loans:


Maximum loan amounts allow you to buy in some of the more expensive neighborhoodsLow down payment.....3.5% of the purchase priceSeller can help with up to 6% of closing costsEasier to qualify for based on income/creditComparable rates to conventional loansNo pre-payment penalty or balloon
If you are looking for a loan for your new home and have limited cash, this is for you.
Easy pre-qualificaiton to see if you are ready.  Credit scores down to 580 and debt-to-income as high as 56%.
Call, text or emails for mor…

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



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 ser…