Amarillo, TX Real Estate News

Pamela Madore  Pamela Madore Mortgage 3955 S. Soncy Amarillo, TX 79119 Why Brokers Are Better Than Bank  To my knowledge, I am the only Mortgage Broker in Amarillo.  Sounds crazy doesn't it?  When I moved to Amarillo from Florida I left a place where there  were only Mortgage Brokers to a place where the term was foreign. Let me explain the difference.  Banks and lenders have a limited amount of programs and guidelines they have to follow.  For instance,  one bank may have a minimum credit score of 620.  If your score isn't 620 then you have to try to find another bank or lender that will work with you with a lower score.   So now you have found a lender that will go with a lower score but since you are self-employed you don't show enough income to qualify.  Now you have to go and try t... 06/01/2017

Pamela Madore Pamela Madore Mortgage http://pamelamadoremortgage.com Adjustable Rate Mortgages Are Back.  Good or Bad? The answer to that question is probably "it depends".  What does it depend on?  I think it depends on the reason you choose to get an ARM loan. Let me take a minute first and explain how an adjustable rate mortgage works.  Currently you will find that most ARMs are either a 5/1, 7/1, or 10/1 ARM.  Let's use the 5/1 ARM as an example. On a 5/1 ARM your interest rate is fixed for the first 5 years and then it adjusts every year after that for the life of the loan.  There are limits on how much your loan can adjust called "caps".  Your loan will have an "index" and a "margin".  Common caps on a 5 year ARM might be 2/2/5.  I will explain that in a minute.  The margin is a f... 03/28/2017

 TREC NO. IABS 1-0, INFORMATION ABOUT BROKERAGE SERVICESTREC NO. CN1-2, CONSUMER PROTECTION NOTICE 03/23/2017

Pamela Madore Keller Williams Realty http://iloveamarillo.com 806-290-1920 Brook Place Condo  3200 Fleetwood A-14 Amarillo TX Brook Place Condos are one of the few condominium complexes in Amarillo.  It is an established community that rarely has a unit available! Take a look at this Spanish style two-story condo with 2 bedrooms, 2.5 baths, and a 2 car garage.  It has an upstairs balcony and a downstairs patio. Brook Place has a clubhouse and a pool along with several ponds that are home to many ducks.  Sit on your balcony and watch them play in the pond. Your new home is 1620 sq feet with an elevated office on the first floor, separate dining and large living room.  It has a rustic feel that you will love! It is available for only $110,000.  Contact me for more information!  TREC NO. I... 03/21/2017

Pamela Madore Pamela Madore Mortgage 806-290-1920 pamelamadoremortgage.com Do You Have Income, Good Credit, or Money? My career spans more than 30 years helping people buy or sell their home or refinance to maybe take some cash out or just to get a lower rate. Over the last several years I have acted mostly as an Awesome Realtor.  I decided, however, recently that there are many people that aren't buying a house because they can 't qualify for a mortgage. There are several lending institutions in Amarillo that do a fantastic job helping people get a mortgage for their dream home.   Unfortunately, they are limited on what programs they are able to offer. Being a Mortgage Broker has it's distinct advantages.  If you come to me and tell me your situation, I can then go find a lender on you... 03/13/2017

Pamela Madore NMLS #289635 3955 S Soncy Amarillo, TX 79118 806-290-1920 Tough To Find Mortgage Financing  Are you having trouble getting financed for a mortgage?  Maybe I can help.  the programs that I offer are for  the "near miss" folks that  can't quite make it. Some of the specialty programs that we offer are: ITIN borrowers with no SS # Self-employed borrowers that don't show income on tax returns No credit score programs Low credit score programs Unusual properties Single-wide mobile homes Vacant land Mixed Use Commercial Properties I am a mortgage broker and am able to "shop" for the program that is right for you.  Contact me for more information. TREC NO. IABS 1-0, INFORMATION ABOUT BROKERAGE SERVICESTREC NO. CN1-2, CONSUMER PROTECTION NOTICE Pamela Madore #289635 Madore Pamela ... 02/14/2017

    Keller Williams offers to its agents an amazing opportunity called Profit Share. Agents that help grow the company participate in Profit Share.  It is free money. Literally.  Unfortunately, for some reason it is a well-kept secret.  If only everyone knew the amazing opportunity that could be theirs. Did you know that there are agents in Keller Williams Realty that never sell houses?  They focus their entire time on helping Keller Williams grow.  And it seems to be working since we are the #1 company in the world.   So where do you find people that want to participate in Profit Share?  Let me first ask, how did you hear about it?  Did you see it as a stupid idea or an amazing opportunity? Here are some ideas of places to find people to present the idea to. Craigslist---It is a little... 01/22/2017

  I have found that there is a great misunderstanding about what happens when you get your real estate license.   Here are a couple of myths.  When you get your real estate license people DO NOT call you the first day and beg you to sell their house or help them buy a new one.   When you get your real estate license your company DOES NOT give you people to work with (exceptions apply--ask me). When you get your real estate license the entire world  IS NOT notified that you are available. So where do you start?   The first thing you do is FIND people to talk to.  There are as many ways to find  people as there are people.  Some of the most successfully ways are phone calls  to people you know and social media. How about the people programmed into your phone?  Sometimes just for kicks I c... 01/20/2017

1.  No two days are the same.  Most jobs have some sort of a routine.  You do the same thing day after day with little variation.  Not so much in real estate.  You do the same activities, yes.  But in unpredictable order.  I once won the "squirrel award".  You know.  Over here.  Over there.  It is really important to be focused though.  :-) 2. You meet some great and crazy people.   When I say "great" people, I mean the kind that you remain friends with after closing and FB each other or text or have coffee.  When I say "crazy" I mean the kind of people that you hope forget your name.  You know what I am talking about. 3.  Payday may become mayday.  The stress and pressure of the entire process boils down to the final day,  hour and minute when you hold your breath and pray nothing goe... 01/18/2017

Pamela MadoreKeller Williams Realtyhttp://joinkw.iloveamarillo.com806-290-1920 How To Get A Real Estate License In Texas?      It is a little harder than getting a driver's license but a lot easier than getting a Dr.'s license.  Actually, is much closer to getting the driver's license. In the State of Texas you are required to get have 180 hours of classroom work that consists of 6 classes each for 30 hours.  The good news is that you can take them all online.  In addition, it does not mean that you have to stare at a computer screen for 180 hours. At the end of each class you will take an end of book exam.  Of course, it is open book and you can repeat it until you pass it.  Once you have completed all of the classes the school will notify the State that you have met the class requirem... 01/12/2017

We have been specializing in Amarillo TX Vet Loans for over 20 years! Learn how to qualify for your Vet home loan benefits in this article.   1:  Verify eligibility through your Certificate of eligibility (COE).   The first step to obtaining Amarillo  TX Vet Loans is veryfying your eligibility. This is done by ordering your Certificate of Eligibility (COE) through VA which will also confirm the amount of your eligibility. If you are an honorably discharged Vet, or are active duty or reserves currently, then you are likely eligible.   How do you order your COE? Your lender can help you get your COE fast, usually the same day you request it. You can also order the COE through the VA either by mail or online. Honorably discharged Vets will need a copy of their DD214.   #2:  Obtain pre-appr... 01/11/2017

Pamela MadoreKeller Williams Realtyhttp://joinkw.iloveamarillo.com806-290-1920    Not all real estate companies are created equal.  Some are large and have many agents and some are mom and pop operations.  There are franchises and there are family owned companies.   Most real estate companies are what I call "traditional" real estate companies.  What that means is that there is broker (generally the owner) and there are agents who works for the broker. The broker may offer such things as office space, signs, and someone at the front desk to answer phones.  They may be other things, too.  Each brokerage is different. Generally the broker is a "competing" broker which means that they also list and sell houses.  In my view that can become a problem especially if the name of the company is ... 01/10/2017

Pamela MadoreKeller Williams Realtyhttp://joinkw.iloveamarillo.com806-290-1920 in·tro·vert ˈintrəˌvərt/ noun   1.  a shy, reticent person.   Can An Introvert Be A Real Estate Agent?      Many people think that in order to be a real estate agent you have to be all bubbly and a real extrovert.  There are many real estate agents that are extroverts.  But not all. Let's say you think you are an introvert.  If you are a mom or a dad and you have a house full of screaming kids, are you shy?  No.  You take charge of the situation.  Why?  Because you are experienced in this situation which gives you confidence.   You know how to handle a 5 year old. It doesn't matter what situation you are in, if you are normally shy, the more experience you have in that type of situation the more confidence yo... 01/09/2017

Pamela MadoreKeller Williams Realty806-290-1920http://iloveamarillo.com   How To Earn More Than 100% Of Every Real Estate Commission Through Profit Share At Keller Williams Realty   That sure is a mouth full.  And what in the world does it mean?  I am going to give you a lesson about commissions and how they work and how you can earn more and more each year without listing or selling any more houses than you did last year. At Keller Williams we have many different opportunities available to all of our agents.  We aren't like traditional companies that offer you one thing and it becomes "rinse and repeat" every year.  That generally means that the day you take your last sign out of a seller's yard that is the day you are out of business. Not so with Keller Williams.  That could be the fi... 12/31/2016

Pamela MadoreKeller Williams Realty806-290-1920http://iloveamarillo.com How To Use Your Income Tax Refund To Buy A House     It is that time of year again when Uncle Sam sends you back the amount of money that you overpaid. You may already have plans for it but I would encourage you to think about buying a home. It is tempting to wait until you get the money in hand to start thinking about what to do next.  That really isn't the best way to do it.  You might be afraid that you will be disappointed if it doesn't work. Believe me when I tell you that it will be more disappointing if you don't act first. While you are waiting, the most important thing to do is to get approved for a mortgage.  It could be that there is something stupid on your report that needs to be fixed.  It is better to... 12/30/2016

Pamela MadoreKeller Williams Realtyhttp://iloveamarillo.com    New Year!  New Career in Real Estate   Join the fastest growing real estate company in the world! There must be a reason that people want to join Keller Williams.  We believe that it is about lining our own pockets and not that of the owners.  We are encouraged and trained to grow our individual businesses  under the umbrella of KW.  They provide the models, systems and tools necessary to become successful.  We aren't thrown out to the wolves with no idea what to do.  You have to be willing to plug in to the systems and learn and do what needs to be done.  Everyone  helps each other because it is important to all of us to have a growing market center.  I can show you how you can earn more than 100% of all of your commissions... 12/29/2016

  I have been in the real estate and mortgage business all of my adult life.  I have seen ups and downs and been a part of all of them. The first house I ever bought the interest rate was 3%.  I lived in a rural area so it was a subsidized loan.  The second house I every bought the interest rate was 18%.  That is what the market would bear at the time. So you can see that there were 2 very different interest rates.  When something like that happens,  the price of the of the house needs to be what the market will bear based on the interest rate raises.   For instance, for every 1% the interest rate raises that takes about 8% of the buyers are out of the market.  They really aren't out of the market they just can't qualify for as much. What happens then is that they don't buy because the... 12/28/2016

Pamela Madore Keller Williams Realty 806-290-1920 http://joinkw.iloveamarillo.com Keller Williams Realty is an awesome place to work.  We love each other like family--with little tits and tats now and again.  But our culture of giving cannot be outdone Keller Williams Realty has been named by Training Magazine as the #1 training company across all industries in the world.  If you want real estate training, personal growth, and unlimited potential we are the place to be. Keller Williams Realty is an International Company so you join me at KW in Amarillo and then move to a different country and expect all of the same values, systems, and models. Keller Williams Realty is build by agents for agents.  We promote ourselves and our businesses.  That is why you see different signs for differen... 12/09/2016

Pamela MadoreKeller Williams Realty806-290-1920http://iloveamarillo.com 5 Things This First Time House Flipper Learned The Hard Way     When you have been around the mountain a few times like I have,  you learn a few things.  Sometimes it takes more than once.  I have often been a "re-inventer" of the wheel so I suppose pretty much everyone else does the same thing. Recently, I found a nice little house for a first-time rehabber.  We got it right and I got him the financing.  I told him a couple of things.  One was that he should be aiming at making $5000 on his first rehab---knowing he would make some mistakes.  The other thing I told him was to do a good job but don't overspend because of the area.  We were topped at resale price in the area. Here are 5 things he learned---- I told hi... 12/09/2016

Pamela MadoreKeller Williams Realty806-290-1920http://iloveamarillo.com   Don't Let The Fear Of Foreclosure Cause You To Bury Your Head In The Sand  I have a tendency to bury my head in the sand when I have a difficult problem that really needs addressing.  I know it is not the right thing to do but sometimes it is hard to face the cold hard facts.     It is not always easy to see in the future but it is mostly true that you can "feel" what may happen.   So with my head in the sand, I had to do a short-sale on a house I owned. That is just one step less than a foreclosure.  In hindsight (Monday morning quarterback) if I had just thought about it and not waited until it was too late, I could have sold the house.  I might not have made 5 cents but at least I wouldn't have that on my recor... 11/28/2016