Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869
“And Now You Know the Rest of the Story”     When four of Santa's elves got sick, the trainee elves did not produce toys as fast as the regular ones, and Santa began to feel the pre-Christmas pressure.Then Mrs. Claus told Santa that her Mother was coming to visit, which stressed Santa even more.W...
“Is It Time to Get back into the Mortgage Business?”   Hi Joe, I have been following your mortgage practice for many years and have always admired the way you do business. I have actually referred clients a number of times in the last few years. Here is my question, is it time for me to get back ...
“Your Loan Got Denied, Does that Mean it’s Over?”   I know you told me there was a possibility I would get denied if I went to my bank, do you still feel we should move to one of your lenders? What are the chances that another lender will do it differently than the first one? Fortunately the sell...
“The Wife Made a Very Good Investment”    A New York attorney representing a wealthy art collector called and asked to speak to his client."Saul, I have some good news and I have some bad news."The art collector replied, "You know, I've had an awful day, Jack, so let's hear the good news first."T...
“How Long Before a Collection Comes Off My Credit report?”   Joe, How are you and hope you had a nice Thanksgiving! I paid off 1 of the derogatory accounts, however it’s still on credit report and I asked for a settlement statement but nothing so far and I’m hoping to do the other one by weekend!...
   “Don’t Overpay When Obtaining a HELOC”  Joe,As you well know, we always look to you when it comes to our mortgages and now need some advice. We are looking to increase our current line of credit.  Basically, they said that we have to reapply and the fees would be nearly $1000, which we'd like ...
“Ever wonder...”     If twins ever realize that one of them was unplanned?What if my dog only brings back my ball because he thinks I like throwing it?If poison expires, is it more poisonous or is it no longer poisonous?Which letter is silent in the word "Scent," the s or the c?Every time you cle...
“Twenty Properties with 20 Year Mortgages”    Hey Joe, I did it, I know you already know what I am going to say. I promised you I would let you know when the original mortgage you did for me 20 years ago was paid off. I got the paid note in the mail this morning. What a wonderful feeling. I look ...
“I Need a Favor”   I have a friend since college days, Nick XXXXXX.  Lately, we’ve been talking about the viability of me building a new home for him, that would involve the Reverse Mortgage.  Nick has a couple of very "personal issues” that he needs some sage advice on.  I was trying to explain ...
“If You Didn’t Know How Old You Were?”     *        Actor George Burns won his first Oscar at age 80. *        Golda Meir was 71 years of age when she became prime minister of Israel. *        At age 96, playwright George Bernard Shaw broke his leg when he fell out of a tree he was trimming in hi...

Joe Petrowsky

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