“When You Inherit a Lot of Money”

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

“When You Inherit a Lot of Money”


Hi Joe,

It has been a few years since we have spoken and you may be the only person that we trust enough to discuss our current situation. By the way, all is good with Bill and our children. Both kids are actually in college, believe it or not.

Here is the situation, I have inherited a large amount of money, actually over a million dollars and we want to be smart with how and what we do with the money.

The only real obligation we have is our current mortgage which is just under $600,000. The loan you originally got for us was $750,000 and making our mortgage payment is no issue.

Now that we have these funds, we have always wanted to purchase a beach house, which we can do at this point. We anticipate a purchase between $900,000 and 1 million, we can easily put down 25% and still have a million dollars’ worth of investments. Our income has steadily increased, last year it was $525,000, so qualifying won’t be an issue. Am I making sense? Let me know what the next steps are. Jerri


Taking advantage of opportunities when they come your way. These folks have spoken about a beach house for a number of years, the opportunity just presented itself a little sooner. They now can feel comfortable, that now is the right time for them.

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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.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (3)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Investing in RE is a slam dunk.  It's Monday, so make the best of it.  Have a productive week, make some money.  Thanks again for the Post.  Bill Salvatore

Sep 13, 2021 05:20 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

They started with a dream, and now can make that come true. How wonderful!

Sep 13, 2021 05:25 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good for them!  I doubt I will ever inherit a bunch of money, but it sure would be nice if I did, haha.

Sep 13, 2021 06:17 AM