Joe Petrowsky's Blog

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

ARCHIVED BLOG POSTS

2014 

“Being a Boomerang Buyer”   Personally I don’t like the term “Boomerang Buyer”. What if we called a second marriage a “Boomerang Marriage”? I’m sorry I just don’t like the connotation.   I have always treated all prospective buyers with the utmost respect, especially those who may have lost a hom...
01/22/2014
“Never Miss an Opportunity to Listen”   I have always professed to be a good listener and became an even better listener when my wife and I took a communication seminar. It should have been called a listening seminar. There was a lot of listening to what isn’t being said, now that really takes pa...
01/21/2014
“I Learned Everything about Credit from my Parents”   I did a preapproval for this 26 year old the other day. The credit was great, the income very good and a good amount of assets. As I complimented him, he made the following statement. “I learned everything about credit from my parents”. Wow, y...
01/20/2014
“Jump Start my Mortgage Practice in 2014”   There has been so much in the news about the NEW and IMPROVED mortgage guidelines. Let me share some observations of the results when it comes to the public and how I came to this awareness.   The first week of January was a slow week for mortgage appli...
01/19/2014
“Bank Owned Doesn’t Mean No Title Issues”   I currently have three purchase transactions that cannot close because there are title issues. Even though the property may have been foreclosed, many of the so called foreclosure mills don’t always do a thorough job and just miss stuff that end up caus...
01/18/2014
“Loan Started in March, Transaction Took 10 Months to Close”   I wasn’t sure that this refinance was ever going to get done, but I was on a mission. First, one of them lost their job, but rehired after 3 months. The hoop that you have to go through after a job lose, the original lender didn’t wan...
01/17/2014
“700,000 Point Club”   If you would have told me two and a half years ago that this was possible, I would have told you, you’re crazy. It has been so much fun getting to this point. One more milestone that I just reach was being number 195 as to point totals. That to me is even more amazing.   I ...
01/17/2014
“How Much Does a NO Cost Mortgage Really Cost?”   I know I’m not telling you anything that you don’t already know, there is no such thing as a free lunch and there is no such thing, as a NO closing cost mortgage. The only way this happens is the borrower/consumer pays a higher interest rate.     ...
01/16/2014
“Buy it Wrong Sell it Wrong, Buy it Right Sell it Right”   I have been buying, renovating and reselling homes for more years than I care to admit. My philosophies are different than most, so I’ll share one of them with you. I am not about location, location, location, but rather price, price and ...
01/15/2014
“Some Messages are just Worth Repeating”   I was recently touched by a gal that called me regarding a mortgage. She has had her challenges when it came to credit, health issues and a divorce. She is not quite ready for a mortgage, but once she is ready she will be a great homeowner and someone’s ...
01/15/2014
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Joe Petrowsky

Your Mortgage Consultant for Life
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