“Who Says the Refinance Mortgage Business is dead?”

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

  “Who Says the Refinance Mortgage Business is dead?”



Hi Joe,

How are you?

Last year I purchased a waterfront cottage in Lebanon.  Yesterday the town finally signed off on the conversion of the home from seasonal use to year round use.  Now that this is done, I'm looking to refi the home as a second home.

I bought the home in September of 2016 for $225,000.  The seller is holding a mortgage of $175,000 (balance roughly 172k).  Attached is the promissory note.  As you can see, I'm running out of time for the refi and would love to have you assist me. 

If possible, I'd like to look into cash-out refi to pay off some credit card debt that I have.



 There are so many in the mortgage industry that are supposed to be in the know who say that refinance activity is dead and if you are not doing purchase business then you better find a new profession. They have no clue.

The refinance activity is still running at 40% of my mortgage practice, so I’m not paying much attention to all the prognosticators. 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Sham Reddy
H E R Realty, Dayton, OH - Dayton, OH

There is always a place and time for refinance no matter what the market is doiing!!! The refinance activity is still running at 40% of my mortgage practice, not paying much attention to all the prognosticators. 

Nov 10, 2017 03:31 AM #1
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning Joe Petrowsky there are many reasons for a refinance, and that should give most mortgage brokers a chunk of business consistently...

Nov 10, 2017 04:00 AM #2
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Joe. Don't believe everything you hear. There are refi opportunities out there that need your help! Enjoy your day!

Nov 10, 2017 04:42 AM #3
David A. Weaver
Peoples Bank & Trust Co. - Scottsdale, AZ
24 years helping folks finance their dreams.

And there are still a whole lot of folks who still have 5+ plus rates for a wide variety of reasons.

Nov 10, 2017 08:51 AM #4
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Joe, that last little ditty had me saying out loud "YIKES".  I cringe when I see people using their home as an ATM machine.  In any event, he is in great hands with you ... he will get the refinance and help he needs.

Nov 10, 2017 10:11 AM #5
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I hope he puts the credit cards in a safe after he does the cash out. The problem is so many are addicted to wanting it now.

Nov 10, 2017 03:37 PM #6
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Joe Petrowsky

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