“Refinancing, Not in My Best Interest”

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

“Refinancing, Not in My Best Interest”


Good morning Joe,

I thought you were in the mortgage business? I fully expected get a new mortgage application done yesterday, but that wasn’t the case. I watched with anticipation as you were making you magic, but was surprised when you told me that refinancing was not in my best interest.

I not sure if I was shocked or relieved, but you took the time to explain what the cost would be and the amount of the monthly savings. I guess it also told me what a great rate you got me 4 years ago when I originally purchased.

I was blown away by your statement, refinancing would be good for you, but not me. OK, I get it. I am going to send you a testimonial, because not refinancing was in my best interest. As always, thank you for looking out for me and all those you serve.


I have never really figured out what percentage of folks I recommend not to refinance, but if I had to guess, it would be between 10-15%. Look, I’m a math guy and the math has to make sense!

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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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Comments (4)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. I am guessing that the amount of,times you have counseled people on improving credit over the years to qualify and those who you have counseled not to refinance has benefited many and you even more through referrals. Enjoy your day 

Sep 17, 2021 03:34 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

So importnt to run the numbers first.  We made it to Friday, the weekend is right there.  Make it a productive day to end the week strong.  Thanks again for the post.  Bill Salvatore

Sep 17, 2021 06:18 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Looking out for your client and not for yourself.  It's what a true professional does

Sep 17, 2021 09:32 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Joe - true professionals know it's not about the "one time deals" but a relationship built over time that matters most.  

Sep 19, 2021 08:50 AM