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.
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| 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.
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| 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.
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| Pamela Madore Mortgage |
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