Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869
“Investor Loans Making a Lot of Noise”    Hey Joe,  Honest to God, I thought you were crazy when you told me I could purchase an investment property without showing income to qualify or tax returns. It’s still hard to believe, but we closed in the 30 day time period you told me. I want you to kno...
“Sorry Dean Martin, Embarrassing ”    Since some of the radio stations decided to pull "Baby it's Cold Outside" from its playlist because someone was offended, I feel that these other holiday songs must also be removed as they are offensive as well. 1. I Saw Mommy Kissing Santa Claus: subjecting ...
    “The Cash Society”    Joe,I do have another question for you. Is there any way we can utilize cash saved to purchase a home? In addition to what we have in the bank?Thanks, Ashley I am asked this question more times than you can imagine. Just know that cash cannot be used when it comes to the...
 “Banker Referral Partner Needs Help”     Hi Joe, I was attempting to demonstrate that Anthony was working for his father prior to becoming a certified barber.  He has 1 year under his belt, being self-employed.  Unfortunately, his dad did not pay Anthony in a “trackable” manner. The wife has sta...
“It’s Not What You Say, it is How You Say What You Say”     There is a factory in Northern Minnesota which makes the Tickle Me Elmo toys. The toy laughs when you tickle it under the arms.Well, Lena decides to give up the real estate biz and is hired at The Tickle Me Elmo factory and she reports f...
“Any Ideas or Thoughts?”     Hi Joe,I have a really good client that has done business with our bank in the past.   He said he had a foreclosure that he said took place in 2016.  That means we can’t do an FHA purchase until March 2019. So, in April he did a lease with an option to buy with the cl...
“The Higher the Credit Scores the Better Your Interest Rate can be”    Hi Joe. Thank you for sending all the information I need from our credit report. We will certainly attack the issues and get them resolved. The offer process is going okay I believe. We had put in an offer, along with someone ...
“Love Optimism”    A child psychologist had twin boys-one was an optimist; the other, a pessimist. Just to see what would happen, on Christmas Day he loaded the pessimist's room with toys and games. In the optimist's room, he dumped a pile of horse droppings.That night, the father found the pessi...
 “CT or NY, it Doesn’t Matter”      Joe,                My daughter and son-in-law came in from California last night and surprised me with the news that they are moving to the NYC area and are looking to buy a house this spring/early summer.  The house will be in either NY or CT.  I as pretty su...
“Working with Families that have had Tough Times”    Good Morning Joe,We want to take a moment to express our gratitude for giving us your time and knowledge yesterday. Each of us left your office with a change in perspective and a boost of confidence. We met a friend! One of the things that stoo...

Joe Petrowsky

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