“Many Companies Will Panic, Rather than Work Harder”

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

“Many Companies Will Panic, Rather than Work Harder”

 

Mr. Petrowsky,

Not sure you remember me, my name is Glenn XXXXXXX, I interviewed with you 23 months ago. In any case, I joined another mortgage company and I got notice that they were closing their doors. It is pretty obvious at this point that I made a bad decision and would like to sit down with you again, if possible. Glenn

 

I keep reading about banks and large mortgage companies that are laying off mortgage related staff. Unfortunately, their bottom line is the only thing that matter. Sure, interest rates are moving up, does that mean everyone with stop plans to buy a home, hell no! Does that mean everyone will no longer need to refinance, hell no.

 

Folks will still buy homes, the current demand exceeds the number of homes that are available. Some will need larger homes, some will need smaller home and many want to buy their first home. We will be there to assist them.

 

Folks will still need to refinance, some will need to access the equity that they have to payoff other obligations, addon to their current home, add a garage or need dollars for education. Literally the list is endless.

 

Yes, interest rates are moving up, but as years past, rates will also move downward again and that will be an opportunity to refinance and take advantage of lower rates.

 

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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

www.righttracfg.com

www.joepetrowsky.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)

Gwen Fowler-864-710-4518 SC * Mountain* Lake*Home
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

You have to look at your 5-year plan.  If you are still in your house in 5 years you will have multiple chances to refinance.  If you are moving within 5 years then buying points and refinancing may not be in your best interest.

Jun 17, 2022 04:37 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. When the pie appears to shrink, sharpen the knife and cut a bigger piece for yourself! Enjoy your day.

Jun 17, 2022 05:01 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joe - unfortunately like individuals as well companies don't plan to fail they just fail to plan.

Jun 22, 2022 06:55 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great post Joe.  A big point that people forget about - life changes and with that, different home choices! 

Jun 23, 2022 04:24 PM