Thursday, November 16, 2017

Sellers Ready To Sell Your House--Please Read. Buyers Please Don't Read

Pamela Madore
Keller Wiliams Realty
http://iloveamarillo.com
806-290-1920

Sellers Ready To Sell Your House--Please Read.  No Buyers To Read Please

This is a secret communication for seller's only.  If you are a buyer please stop here.

Selling Secrets and Buying Signs

Sellers, this is a great time to take advantage of selling your house.  This time of year you can decorate it for the Holidays
and attract buyers like never before. This can apply to any season if you use your imagination.

Six senses:
  • Hear
  • Touch
  • Smell
  • See
  • Taste
If you want to make the biggest impact on buyers the you must "subtly" touch on all senses.  Remember, too, that buyers may be in a hurry so these all need to happen fast.  First impressions.

Sound--Soft (very soft) soothing music.  That excludes blaring TV's, dogs barking and dishwashers running.  What you want to accomplish is an immediate relaxtion.  The longer a buyer stays in your house the better.

Touch--We all have a tendency to touch things as we walk by them.  A satin blanket draped over a chair you walk by.  A squeaky clean kitchen countertop.   Everything must be pleasant to the touch.  This would exclude sticky light switches,  soap scummed shower curtains, and  cactuses.  (I made that one up).  The point is that we as a people are tempted to touch.  Make sure that your buyer has pleasant things to touch.

Smell--Many people light candles (dangerous), have plug-ins, potpourri, or a Scentsy type apparatus.  First let me say that we aren't in the business or causing me to have to plug their nose or have an allergy attack.  You also don't want smells that argue with each other.  Don't make ever room smell different.  As a matter of fact, a sutble pleasant scent when your buyer walks in the door is enough.  That fragrance registers in their brain and stays throughout the experience.

See--What your buyer sees is the most important thing.  If all of the lights are off and the blinds are drawn so that you need a flashlight to see the house, that is not making a very good impression.  Remember this needs to be a pleasant experience.  That would exclude overflowing garage, dirty windows and your family tree going back 3 generations hanging in the hall to the bedrooms.  We don't want them looking at pictures.  We want them looking at your house.     

Taste--This may seem like an odd thing to add to our list but it really isn't.  A bowl of candy, a
baskey of apples or a few homemade cookies with a neatly written note inviting your buyer to partake will set you apart from seller B.  

In my experience, the most apparent buying sign is if your buyer feels comfortable enough to sit on the living room sofa and discuss/think about your house.  Without blatantly putting a sign on the sofa saying "please sit" it will be your job to find other ways  to make that happen.  If your buyer has had a pleasant experience on all the above listed things they are more apt to want to stay longer.  I will say as an aside that sometimes I sit down first just to see if they follow suit.

As a Realtor there are many things that I can do to help get your house sold.  However, it has to be a partnership.  You have to be willing to go one step beyond where you may normally go to see that your buyer warms
up quickly and wants to stay!

Contact me and let me come by help you get your senses ready!

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












Friday, November 10, 2017

What Do I Need To Do To Buy A House?

Pamela Madore
Keller Williams Realty
iloveamarillo.com
806-290-1920


Buying a house is a big decision.  There are many things to think about.  Is it the right time?  Can I/we afford a house?   How much money to we need?  Can I find the right house for my family?

These are all questions that go through our heads.  These questions can bounce around in your head and you can act on them or just let them bounce.  So STEP NUMBER 1.....

DECIDE   You have to decide whether or not you really want to buy a house.  There are great joys in owning your own home.  You can decorate how you want.  Your back yard can be full of things that you want.  Once you DECIDE that you want to buy a house probably the first thing you will do is start to notice houses that you are interested in.  When that starts happening STEP NUMBER 2......

DOWNLOAD MY SEARCH APP   My search app has real time information on houses that you may be interested in.  You can search by address, price, number of bedrooms and a myriad of other ways. 
One of my favorite ways to to do a map search by simply using your finger to draw a circle around the area that you are interested in and all of the houses just pop up!  You can contact me directly from my search app for specialized information.  It doesn't matter whose sign is on the lawn, I can help.  Now that you are getting serious and have are getting more and more interested STEP NUMBER 3

GET PRE-QUALIFIED  This step really should come before step number 2 but my experience is that most people do number 2 before number 3.  That is perfectly OK.  You will need to get pre-qualified before you are able to make an offer on a house.  The seller will want to know that you can qualify in order to seriously look at your office.  There are many local lenders that can help.  I may also be able to help.  Visit me at  Pamela Madore Mortgage and contact me from there.  Often I can do things to help you get qualified that the Big Boys can't.  Now you and prequalified so you can move to STEP NUMBER 4

FIND A GREAT REALTOR  This is going to be a small paragraph. 
Contact me and I will represent you to the very best of my ability to be sure you get the best deal on the best house.  Which brings us to STEP NUMBER 5.....

CHOOSE A HOUSE  At this point you are Pre-Qualified so you know how much you can spend.  You have a great Realtor and an amazing Search App to find houses.  That is when we meet and start making a list of houses that you are interested in and then start eliminating for one reason or another and then maybe add some.  We make appointments and go look at the houses you are interested in.  Then comes STEP NUMBER 6......

MAKE AN OFFER   This is a place that your amazing Realtor can really help.  It is important to know what else is for sale in the area you are interested in order to see the competition.  It is important to know how fast houses are selling in your area.....should you make an offer quickly?  Do you need to make a full price offer?  These are things I can help you with.  This leads us to STEP NUMBER 7.........

NEGOTIATE   This is another place that you need a great Realtor.  A great Realtor will make sure that it is a win/win for everyone.  This is a place want you want great joy!  Your job is to tell me what works for you and then my job is to try to make that happen.  Once we have the last initial we move to STEP NUMBER 8.......

THE CLOCK IS TICKING  This is the time when everyone jumps into action to help you get your dream home in a timely and as stress free a process as possible.  I am not going to lie to you.  There will be stress.  At this point you will probably have an emotional connection and worry sets in.  My job is to
make it run smoothyly.  There are many things that are happening "behind the scenes".   My experience has been that most people don't care about those issues.  They just want them fixed.  These jobs belong to all of the other people that are working on your behalf.  STEP NUMBER 9.....

CLOSE AND YOUR NEW HOME What that means is that all of the paperwork (and there is a ton of it!) is done and it is time to bring your one check to the title company and sign all of the papers that say you are now a homeowner!   You get the keys and the last step is STEP NUMBER 10......

CONGRATULATIONS!!!!!  You now own your own home.  You put on a smile.  Get your furniture moved in and open a bottle of champange!

Does that sound hard?  There are a lot of aspects to it but that is why you hire professionals to do the work.  And the great part for you as a buyer---99% (new construction makes that 1%) of the time the seller pays for all of these trained people to work on your behalf.  Sound like a good deal?

It is..........HERE IS STEP NUMBER 1 FOR YOU TODAY........CONTACT ME!!!!

Through email, phone (806-290-1920, text (806-290-1920), FB (Pamela Pickering Madore). website http://iloveamarillo.com. or set an appt on my calendar!

Ready?  Let's do this!


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









Thursday, November 2, 2017

Start Your Retirement Plan Today With Profit Share

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


Start Your Retirement Plan Today With Profit Share


It doesn't matter how old you are.  This opportunity is available for every agent and staff at Keller WiIlliams Realty worldwide.  It is passive income.  Free money on the 21st day of every month.


A few years ago I realized that I did not have a retirement plan and that I was not going to be happy with what I was going to receive on social security.  I had been an agent at Keller Williams Realty for 7 or so years and had never taken advantage of their incredible profit share plan.
Profit Share Tree

Robert Kyosaki in Rich Dad Poor Dad talks about how rich are you?  If you stopped earning income today and had to live on your savings, 401K or CD's how long before you would be homeless.  That is how rich you are.

The only way to be really "rich" is to have an income that is ongoing.  Social security is like that.  But is it enough?

My husband and I have/had rental properties.  That is considered passive income.  Mailbox money.  The problem that we began to see with this was that it was a little more hands on than we wanted.  We wanted something that would allow us to travel or just not have to worry about not having enough money.

That is when I really started examining Keller Williams Realty's profit share plan.  Some people think that it is a pyramid scheme of some sort or that you take money from other people's commissions to get it.  That couldn't be further from the truth.


Profit Share on the 21st
The fact is that profit share is simply sharing in the profit of your Market Center (what each franchise is called).  It is money that the OWNERS of the Market Center give back to the agents that have helped grow the company by inviting people to join us.  That is it.  Simple as that.

So now in my early 60's (wish I had known this when I was 30) I am working on my retirement plan.  It is coming along nicely.  When I do decide to retire (if ever) my husband and I will have the freedom to enjoy our lives.

Want to find out how this can work for you?  Contact me directly or complete the form on my website and I will contact you.

Think of the future for yourself and your family.

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



Tuesday, October 31, 2017

Not Everyone Fits In The Traditional Mortgage Mold--Unusual Financing Available

Pamela Madore
Pamela Madore Mortgage
http://pamelamadoremortgage.com
806-290-1920

Not Everyone Fits In The Traditional Mortgage Mold--Unusual Financing Available

Unusual does not mean Guido.  All is means is that lenders are now offering programs that make sense even though they don't fit traditional financing.

Let me explain that just a bit.  


FHA,  VA and Conventional loans all have something to do the with government.  FHA loans are government insured against non-payment.  VA loans are guaranteed by the government for non-payment.  Conventional loans are "packaged" which means that similar loans are put together in big packages and sold in what is called the secondary market to create things like Treasury Bills. Therefore they have to meet certain strict guidelines.  That is really too complicated sometimes to even think about.  So I don't.  These are not for everyone.

These are called Agency Loans.

Now there are a whole set of other loans programs that are not "Agency Loans".  They are called non-traditional or unusual finaning loans.  These are the types of loans that I specialize in,

Be also aware that these loans are for low income all the way to kaziollionaire loans.  In other words, you don't have to be poor.  All it means is that you don't fit Agency guidelines.   Check out these videos.


These are not Guido loans---your legs are safe.  The thing to remember is that you might need more down as a down payment and your rate might be slightly higher.  Let me give you a couple of examples.

FHA loans with credit scores as low as 500
Bank statement programs for self-employment borrowers
Mobile home FHA financing with 3.5% down and 580 credit scores
One month bank statement program for self-employed or 1099 borrowers
People with ITINs 
People with both ITINS and also has a social security number

This is a very, very small sampling of programs that are available to you.   



My point?  If you don't fit the mold--maybe a little bit of a rebel--you may be the person that needs to call me or complete this form on my website.  It never hurts to ask.

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




Get Rid of Your JOB and Start Your Own Business at Keller Williams Realty

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

Get Rid of Your JOB and Start Your Own Business at Keller Williams Realty

Feel like working for yourself instead of somebody else?  Feel like building your own business instead of theirs?



Starting your own business can be a little scary.  How do I do it?  How much will it cost?  Can I do it?  These are common and valid questions.

I don't know what your profession is at the moment but pretend that you become the owner of the business.  How much do you think it would cost you to do that?  More than $2000?  $5000? $100,000?  A million?  How much are you willing to spend to open your own business?

Where to start?  Well, if you are opening a restaurant we will need to learn many things in order to do it.  Where would you begin?  I don't know.  All I know how to do is waitress, bartend and eat.  That probably isn't enough.  I would probably need to go take some classes on business.  I would need to know how to operate a business and make a profit.  I would need to know how to find and hire a cook.  I would need to know marketing in order to get that first person in the door.  

Can I do it?  I am a firm believer that if you put your mind to it you can do anything.  It is better, though, if you really have a passion for it.....you want to live it and breathe it.  You have to be willing to learn and study and practice.  

Get Rid of Your JOB and Start Your Own Business at Keller Williams Realty



We make it easy.  You need about $2000.  You need to take some classes and pass a test.  You need to be trainable and willing to commit.  The trade off can  be amazing---if you want it to be.  

We provide the tools and help you become successful.

We even provide the opportunity  for lifetime (and the next generation) passive income.

Take a look at us and see what other agents have to say.

Check out all of the details at pamelamadore.com and then call me.  You don't have to live in Amarillo to take advantage of this opportunity.  You don't even have to live in the US! 

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








Tuesday, October 17, 2017

Build Your Profit Share Business Plan On Purpose

How To Build Your Profit Share Business At Keller Williams Realty Worldwide


First we have to make a couple of assumptions.  First, your market center must make a profit and, second, you must become dedicated to help that happen. 

The Profit Share Business is broken into 7 levels.  Gary Keller and the first ALC came up with these numbers because they seemed to work the best and fairest way to everyone.
(If I hear one of you saying that this sounds like a MLM scheme I will track you down!)

Since we are the fastest growing and largest real estate company by agent count in the WORLD that didn’t happen by accident.  Every agent that joins Keller Williams sees the values and opportunities available and wants to share the opportunity with friends, relatives, acquaintances, past and future clients.  Keller Williams never advertises.  We, as stakeholders, advertise ourselves.  Keller Williams Realty is a debt free company.

This is a very simple demonstration of how this works

Your 1st lever (people that you personally sponsored)                                      50%
Your 2nd level (people that your 1st level personally sponsored                        10%
Your 3rd level (etc.)                                                                                              5%
Your 4tth level                                                                                                       5%
Your 5th  level                                                                                                     7.5%
Your 6th level                                                                                                      10%
Your 7th level                                                                                                      12.5%                                                                                                                                                                                                                                                                                                          TOTAL       100%                                                                                                  


So 50% of what?  At the end of the month the Market Center has a profit (hopefully).  The person in your 1st level that contributed to company dollar that month it is determined what % of the profit was directly related to that person in your first line.  Let’s say that they contributed $1000  after the owner took their share.  Out of that $1000 you would receive $500. 

If you follow that down through  and each person that also contributed to company dollar in your tree would contribute to you the following:

1st  level $500
2nd level $100
3rd level $50
4th level $50
5th level $75
6th level $100
7th level $125

TOTAL  $1000

This is a very non-typical example but rather just showing you how the process works.  It could be that you have 10 people in your 1st level but only 2 go to the 7th level.  Others may never go any further than your 1st level and others may stall at level 3.  The thing about a TREE is that is drops SEEDS and each seed has the potential to build you a forest!

Keller Williams Does Not Have a 401-K . We Have A 401-KW

Pamela Madore
Keller Williams Realty
searchingfortalent.com
806-290-1920



Here is a story told by a Keller Williams Realty agent--paraphrased.

I receive $2200 a month in social security which I worked  for 45 years to get. This check will end when I die.  

I have been with Keller Williams Realty for 10 years and I receive $6000 a month in profit share.  This  won't stop when I die.

Keller Williams does not have 401K plan  because what the company has is way better.

Simply put, at the end of each month, the owners of the Market Center (that is what our franchise offices are called), gives approximately 48% of the profit back to the agents that helped bring more agents to grow the Market Center.

That money received is called Profit Share.  It is free money that is deposited into your bank account on the 21st of each month.  It comes from the owners and not from any commission of any other agent.

Keller Williams Realty is an amazing company to be a part of.  Our owners think of us as stakeholders in the company and treat us as that by "paying" us to help grow the business.

More information on how you can be a part of this amazing opportunity?

Contact me.




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


Monday, August 7, 2017

Becoming Your Own Boss





On a scale of 1-10 how good of a boss do you think you would be? Next question. If you were the boss would you hire yourself?

Being self-employed is to be self-motivated and willing to do the hard things. You need to be willing to invest in yourself to become a better boss.

The better boss you become the more money you will make.

Someone very dear to me once said "it's not about finding the right job. It's about finding the boss".

Come talk to me today about becoming your own boss. 


Contact Today!





Pamela Madore
Keller Williams Realty
3955 S Soncy Rd
Amarillo TX 79119
806-290-1920

Monday, July 3, 2017

New Listing At 704 Rietman in River Road, Amarillo, TX

Pamela Madore
http://iloveamarillo.com
Keller Williams Realty


New Listing At 704 Rietman in River Road, Amarillo, TX

WOW!  What a great house and garage/shop located in a very desired River Road area for only $135,899!  Why the odd purchase price?  We really want to get your attention before it is already sold!!!


It is a 2/1 with 2 living areas or a 3 bedroom.  The garage was converted, very nicely, and the current owner uses it as a 3rd bedroom.

Not need for the garage because the owner spent more than $20,000 to build a fabulous detached garage/shop.  The shop is 24 x 30 with 9 ft walls and foam insulation.  The rear door with  alley entrance is 10 x 8 and the back yard  door is 8 x 7!

The back yard is giant and there is also a 12 x 16 storage shed.

The living room, with fireplace, is massive and has plenty of room totally of the way of the living room for an 8 chair dining room table!   One end of the galley kitchen has a 4 top glass high chair that fits perfectly for the area.


The bedrooms are big.  One bedroom has 2 twin beds in it with plenty of room to spare.  The other bedroom on that side of the house is a great size.

The master bedroom is, well, the size of a garage.  Take a look at the pictures and see the full listing at 704 Rietman, Amarillo, TX

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







What Is The Cost Of Not Listening To What Buyers Are Saying About Your House?

Pamela Madore
http://pamelamadore.com
Keller Williams Realty

What Is The Cost Of Not Listening To What Buyers Are Saying About Your House?


Buyers tell you what your house is worth.  Unfortunately, and irritatingly,
that is the honest truth.  

As a Realtor the very best that I can do is show you what your competition is and what houses have sold that are similar to yours.  Based on statistics, such as how fast or slow houses are selling, we can try to crystal ball it a little bit.

I want to tell you a story about a seller that did not want to listen to what buyers were saying.  

To protect the innocent, :-) , I will call the seller by a fictitious name.  Mr. Jones.  

Mr. Jones had only owned his house for 3 years.  When he bought it buyers were saying yes, yes and there were multiple offers and Mr. Jones won the house.  

Unfortunately, within a year some unforeseen circumstances occurred and Mr. Jones was forced to move away and he had to do something with the house.  He decided to rent it to some people that really wanted to buy it but couldn't qualify for a mortgage.  

Eventually, it became apparent that the renters were not going to be able to buy the house.  Mr. Jones was again faced with another difficult decision.  At this point, he had to sell it.  He was making two mortgage payments and the tenants were only sporadically paying.

Over the course of the three years there had been a good deal of deferred maintenance.  Mr. Jones had moved away and hadn't seen it during this time period.  

Mr. Jones came to me to list the house.  He was adamant that the house was worth at least what he paid for it and probably more.  We looked at his competition and what had sold in his neighborhood.  The data was sketchy at best because Mr. Jones's house was a little unique.  Not weird or anything but it wouldn't appeal  to ever buyer.

We decided to list it at what he paid for it to test the market.  Not always a smart thing to do but with insufficient data sometimes  that is all you can do.  

Within 30 days we had 2 offers!  Unfortunately,  the offers were almost exactly the same but were more than $50,000 less than the asking price.  Mr. Jones was infuriated to say the least and many bad words were said.  

As a Realtor, I now knew what the market was saying---quite emphatically as a matter of fact.  Mr. Jones felt he was being cheated and insulted and wouldn't even counter offer.  

Time passed.  Eventually, people stopped even looking at the house.  He wouldn't do a price reduction so the house became "stale".  Time continued to pass until Mr. Jones realized he had to do something.  So he agreed to reduce the price $1000.  *sigh*  

During the ensuing months we had 2 other offers.  One was for $35,000 less than the asking price and the other one $30,000 less.  Mr. Jones was again insulted.  By this time the tenants had moved out and even though it didn't show well before because the tenants weren't all that neat, now the deferred maintenance was obvious.  

Time continued to pass.  Mr. Jones was really getting pushed now because of the costs of maintaining two residences.  He did reduce the price by dribs and drabs but nothing that caused a bonfire of interest.  

By this time the house had been on the market 10 months.  Fortunately, there was a little market upswing and buyers were looking again.  We began to have showings.  Hope!

After nearly 11 months on the market we got another offer.  Guess how much it was for?  Yup.  $50,000 less than the original asking price
The exact same offers that we had 11 months ago.  By this time Mr. Jones had no choice but to take the offer.  It was that or lose the house.  

Of course he was insulted, but this time he was forced to listen to the market.  So how much did that 11 months of not listening to the market cost him?  I don't know all of the numbers involved but I do know that not only did he lose nearly $50,000 from what he paid for it but in addition he had 11 months of carrying costs from two houses.

It is often said that your first offer is usually your best.  That is the market talking.  Be wise and listen.


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



Monday, June 19, 2017

The Day The Inspector Gave My Buyers A Heart Attack

Pamela Madore
806-290-1920
Keller Williams Realty

The Day The Inspector Gave My Buyers A Heart Attack


Let me rephrase this by saying that just like anything else in the world there
are good, bad and degrees in between.  I am not in any way lumping all inspectors into a group.  I am only going to tell you about my experience.

Well, first, my buyers didn't really have a heart attack.  I was exaggerating there.  They did, however, opt out of the contract based on what the inspector told them.

We somehow got an overzealous inspector.  As Realtors, and other inspectors, we know that inspectors are licensed to do inspections.  They are not licensed roofers, electricians or plumbers.  (Unless they just happen to be one outside of the realm of inspectorhood.)

Unfortunately, not all buyers are aware of that!  

I recently wrote a blog entitled The Five Thousand Dollar Toilet.  I received an email from a man in Houston that had been an insurance adjuster for many years and and was now studying to become a house inspector.  He wanted my advice.  This is what he asked:


If I were to come into your office (obviously I won't as I live in Houston, but just as a hypothetical), what could I offer you and your agents that would entice you to give me a try?
I have inspected thousands of homes and businesses as an insurance adjuster, so that's not particularly the area I'm concerned with, but rather, what would make you want to "try me" as a potential "go to - home inspector"?
Thank you,
Kevin

This is how I answered:

I think that my best advice would be, be thorough, remember that you aren't a licensed roofer, electrician, etc. and don't scare the people to death.  
I just had a first time homebuyer that the inspector scared to death.  The seller agreed to fix every single item on the report and she still wouldn't buy it.

I actually had an inspector one time tell a client that they should not buy the house because it had way too many problems.

You have a lot of power.  Play fair and you will remain on the  "recommended" Realtor list.  Don't play fair and take up another line 
of work!

Good luck and let me know how you do!


The first time homebuyer I referred to in my remark to him was the buyer that I facetiously said had a heart attack.  And it is true that the seller agreed to fix every single item on the report but the inspector had scared her so much that she wouldn't buy the house if the seller had dropped the price $10,000.

As a Realtor it is my job to counsel my buyers in reminding them that inspectors are simply that.  Inspectors.  If there is a problem beyond their expertise that you want checked out then we will hire a licensed professional.

Pamela Madore
Keller Williams Realty
3955 S. Soncy
Amarillo TX 79119
http://iloveamarillo.com
806-290-1920


How Accurate Is Credit Karma?

Pamela Madore
NMLS#289635
Pamela Madore Mortgage
http://pamelamadoremortgage.com


How Accurate Is Credit Karma?








 





I don't know.  I don't think anyone really knows.  All I can tell you is what my experience has been--both as a Realtor and a Mortgage Broker.

First let me tell you just a very little bit about credit scores.  There are different scores for the type of credit that you apply for,  For instance, if you apply for a car loan your score is not going to be the same as if you apply for a credit card.

Mortgage credit scores are the ones that are the most talked about so let's just talk about those.

First, there are 3 "bureaus".  That means that there are 3 different reporting
agencies that creditors report to.  They are Experian, TransUnion, and Equifax.  (Not all creditors report to all 3 bureaus but that is a subject for another blog.)

All the time I  ask people if they have any idea what their credit score is and inevitably they tell me what their Credit Karma score is.  At best, I would say that Credit Karma is a guideline.  If your scores are in the 600's then probably Credit Karma will give you a score somewhere in the 600's.

The problem with that is that when you apply for a mortgage loan all 3 bureaus are pulled.  Mortgage programs are based on what your middle score is.  For instance, if your scores were 680,  650, and 634 the score that the mortgage company will look at is the 650 score.  If your desired mortgage programs requires a 660 score and Credit Karma told you that your score was 660----well you can see what happens.

Recently, I had an applicant that needed a particular score, 620, to get a mortgage program that he needed.  He was a Credit Karma fan.  Credit Karma showed him that his score was over 620.  However, when I pulled his credit his "mid" score was 614.  

Credit scores change every time that a creditor reports to the bureaus.  So we needed his creditors to report again to get that score up.  Every day he watched Credit Karma and finally it said that it had been updated by the creditors.  So we pulled credit again.  Nope.  None of the creditors that Credit Karma said had updated his status had done it.

So let me end by saying this.  If you are thinking about buying a house and you need a mortgage, contact me.  Let's pull your credit and see what your "real" scores are---the scores that will decide what kind of mortgage program you are eligible for.

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