Skip to main content

Posts

Showing posts from March, 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 …

Ten Steps To Becoming a Succesful Real Estate Agent

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




Ten Steps To Becoming a Successful Real Estate Agent

Is there magic in becoming financially successful?   Is there magic in making  a cake or rebuilding an engine?

No.  It might come easier to some people than others but there are steps to follow to make that engine new again.  All you have to do is follow the steps.  Here are the steps to become A Successful Real Estate Agent

YOUR BIG WHY

What in the world does that mean?  It is simple.  It is the reason that you become desperate to become successful.  It can be curing cancer or buying a new car.  Our whys can constantly be changing but they have to be BIG.  Big enough to cause you to push yourself beyond what you every thought possible.

SCRIPTS

Would you like fries with that?  High school kids working at McDonalds are taught that script.  They say it over and over until they don't even think about what to say.  The very same thing happens in your Real Estate career.  Kelle…

I Want To Buy a House But Don't Know Where To Start

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




I Want To Buy a House But Don't Know Where To Start


Start right here.  I can help you buy your first home, your second home or investment properties!

Unless you are a cash buyer you will need a mortgage.  There is no sense to go and look at properties until you know that you can buy a house.  Although, it is fun to look online and that is OK.  It will give you an idea of what you like and how much the houses cost.

Once you decide you want to buy a house, the first step is to get pre-approved/approved for a mortgage.  You have many different options on how this works.

First, find someone that you trust and that knows a lot about the mortgage industry.  I hope you choose me.   😎  

Here are some myths about mortgages:


I can't buy because I have bad creditI can't buy because I don't have any creditI am self-employed and don't show any incomeI don't yet have a SS number--only an ITINI don't have a b…

Have Questions About Real Estate or Mortgages or Getting a License? Ask Pam

Pamela Madore
Keller Williams Realty
Pamela Madore
Pamela Madore Mortgage
#289635

Have Questions About Real Estate or Mortgages or Getting a License? Ask Pam

In my many years in this business I have answered thousands of questions for people.  You would think that all the questions have been asked and answered.  

Not true.  Every day something new happens.  There is a new question.  A situation that has not happened before--or at least one that I have not heard of.

So I need your help.  I have started on online FB forum Ask Pam Online .  Take a moment and go to the page, like and follow and ask a question.  Or if someone has asked a question and you have the answer or a comment , please feel free!

Our world is constantly changing and with it comes changes in every aspect of our lives.  We need to have safe (free) places to ask questions and, hopefully, get answers.

I am not an attorney.  The answers will all be the opinions and experiences of me or some of my co-workers and contacts that might …