Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869
“Refinancing NOT Always a Good Idea”    Hi, Joe,Thank you for reaching out as you were referred to me by my real estate agent. Long story short, I was wondering about refinancing rates on my mortgage in Vermont.  My home has been for sale for about 6 months with no bites in sight, and to make up ...
“Not Very Comforting”     The topic of the day at Army Airborne School was what you should do if your parachute malfunctions.We had just gotten to the part about reserve parachutes when another student raised his hand."If the main parachute malfunctions," he asked, "how long do we have to deploy ...
“Mortgage Brokers Attacked, but Why?”   Hi JoeI have a couple of reasons for emailing, first to wish you and yours an outstanding 2020. This has been on my mind for a couple of weeks and want to share it with you, probably because I read one of your blogs that was about helping another client, ju...
     “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...

Joe Petrowsky

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