Joe Petrowsky's Blog

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



     “Refinancing and Giving up a 3.5% Rate”  Mr. Petrowsky,To tell you the truth, when we spoke on the phone regarding paying off my short term debts, I thought a home equity line was the answer, but my bank turned down the loan saying that my debt ratio didn’t work. I am thankful they referred ...
 “A Bright Future?”  A young salesperson peeped into the office of someone who looked like a sales manager, muttered something, then started walking away. After retreating a little he seemed to change his mind and headed back to the door where, after some hesitation, he started to back away again...
 “Jumbo Construction Loans”    Dear Mr. PetrowskyMy builder suggested I contact you regarding a construction loan. I have previously interacted with three local banks in my area, but none of them are interested in doing a construction loan that is over 1 million dollars. It is not because of cred...
“This is a Case where Loan Size Doesn’t Matter”    Mr. Petrowsky,We are moving back to upper state New York, presently living in Georgia. Have been reading some of your blogs, one got my attention as the property we want to buy is on the market at $69,900. I know that the loan won’t be very big, ...
“That would be a Problem for Anyone, NO matter the Age”    This is what we who are aged 70 or 80 years plus, can look forward to. This is something that happened at an assisted living center.The people who lived there had small apartments, but they all ate at a central cafeteria. One morning one ...
“Hubbard Clause Risks”  Hi Joe, We have decided to take our home off the market, rent it and move forward on the purchase without the Hubbard clause. Our hand was forced as they have another buyer for the property. I know you indicated that our debt ratio is fine even if we don’t sell our current...
“Looking Forward to Working with You Again”     Hi there Joe,Wanted to let you know that, Joe XXXXXXXX sent us a buyer referral. I spoke with the buyer today and you should be hearing from Jonathan XXXXXX as he also referred you as well, not surprising as you did a great job for him. Jonathan wil...
“Be Careful Who You Let Whisper”    A little boy is lying in bed, busting to go to the toilet.So he gets out of bed, runs downstairs into the living room, and finds his mother chatting with a bunch of her friends."MOM," the boy yells at the top of his voice, "I GOTTA PEE! I GOTTA PEE!"Well, needl...
“Referrals from Mortgage Companies around the Country” Joe, You were referred by a mortgage company that I met with in upper state NY. He and his company are not licensed in MA where I plan on moving. I will give you a call later today so that you can take me through the pre-qualification process...
     “I’m Ready!”     Hi Joe, You worked with me earlier this year. At the time my credit was a mess and you coached me to a much better place. The only current obligation that I have is my car payment and a small balance on a credit card. Please update my credit report, I would like your feedbac...

Joe Petrowsky

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