Joe Petrowsky's Blog

Follow me
Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869



“Is there ANYONE, that Doesn’t Feel Dodd-Frank is a burden and Intrusive?”   The article below indicates that an online tracking resource has been set up to find out what burden Dodd-Frank is causing the public. So I went online to find where I can express the burdens that Dodd-Frank has caused m...
“I Haven't  Seen Any Increased Down Payment Requirements” I keep reading articles that lenders are requiring larger down payments. I don’t see that at all.  I will give you some general guidelines for down payments. I am going to use 640 as the credit score. VA Loans require no down payment USDA ...
"One of the most powerful videos I have ever seen"                    Please take a few moments to watch this video. I have seen it a number of time, but wanted to make sure you don’t miss it. Every time you have struggles and challenges going on in your life, I want you to think of this video. I...
“30 -60 Day Answers on Short Sales”   Explain to me, why they even need this long, but we’ll take it! However, I’m skeptical they will work within these boundaries. Fannie and Freddie have been doing this for a number of years now, how long does it take before they figure it out. How many thousan...
“One of FHA’s New Rules is Postponed”   When HUD initially came out with this new guideline, many of us responded by writing them as to how bad this would be for the public and for the housing recovery. Hard to believe that they responded by postponing the start date, until they re-investigated. ...
“Tough Transition for Many Loan Officers Coming from Banks Attempting to Join Mortgage Companies”   From 2007 through 2010, there was an exodus of loan officers that were part of the mortgage broker world that decided that the mortgage broker community would not survive, so they went to work for ...
“Consumer Loan Delinquencies Tumble” I work with many clients that want to get preapproved for a mortgage. Very often, I have to tell folks that they do not qualify for one  reason or another. The qualifying process is more stringent today than it was a few years ago and that is a good thing. I s...
“The White House Budget Office Estimates Cost to Taxpayers at JUST 28 BILLION” The arrogance of the Budget Office to say that the cost to taxpayers is only 28 billion dollars. I guess they think that is pretty good, after we have already spent 151 billion, so what’s another 28 billion, right? Acc...
"Is Flipping Illegal? That's like asking if the Free Enterprise System is illegal!" There is a right way and a wrong way to do everything. There is also a right way and a wrong way to do house flips. To say that I have strong opinions on this topic would be an understatement. My wife and I flippe...
“Fannie Mae & Freddie Mac Say, Short Sales to be Streamlined in June” For the most part, I'm not in favor of all the crazy regulations that we have to deal with in the mortgage industry, that are labeled for the good of the people. All of which means you can’t think for yourself, so we’ll do the ...

Joe Petrowsky

Your Mortgage Consultant for Life
What mortgage questions can I answer for you
Spam prevention

Additional Information