Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869
“Always Make Sure of the Numbers”  Hey Joe I just had a quick question for you. Me and my wife went and looked at a house that was 429.000. I was going to make him an offer on 419 but I wanted to talk to you and see if we were in the 419 range with $50,000 down will it keep us in our 2500.00? Pen...
    “NO, You Don’t Need 20% Down!”    We are blown away by the misinformation we have been living with for years. How foolish on our part, thinking that we need 20% down to purchase a home. We would not have known any better if we hadn’t read one of your blogs, thank you thank you!I hate to tell ...
“Refinancing is a No-Brainer”  You assisted my wife and I when we purchased our home. Currently we have a rate of 4.25% and we are 6 years into the loan. The value is around $350,000 and the current mortgage balance is $200,000.Here is our issue, we have a little over $60,000 in credit card debt....
“That’s One Guy I Wouldn’t Drink With”   A Texan walks into a pub in Ireland and clears his voice to the crowd of drinkers. He says, "I hear you Irish are a bunch of hard drinkers. I'll give $500 American dollars to anybody in here who can drink 10 pints of Guinness back-to-back."The room is quie...
“Wrong Message for Sure” A group of friends and I run a small restaurant where we often name our specials after our employees, dishes like "Sally's Chicken" after our maître d who gave us the recipe, and "Rod's Ribs" after a waiter who had his personal style of barbecue.One evening after rereadin...
     “Improving Credit, Well Worth the Effort”    Good morning! I hope you are well and staying safe. I just wanted to check in with you.  When we last spoke we were working on improving our credit. From what we can see on credit karma it is improving. We obtained 1 of the secured cards and can h...
 “No one Can Help Us”    Mr. Petrowsky,We have been renting the home we live in for over 6 years. Our landlord offered to sell us the home, but we have not been able to obtain a mortgage. The issue is that we have no credit scores. We deposit all of our income to our debt card account and pay all...
“Makes Perfect Sense to Me”   The children were lined up in the cafeteria of a Catholic elementary school for lunch. At the head of the table was a large pile of apples. The nun made a note, and posted on the apple tray.'Take only ONE . God is watching. Moving further along the lunch line, at the...
“The Appraiser Screwed Us!” The appraiser screwed us! My Realtor says the property is worth every bit of $290,000 purchase price, but to come in with a value of $265,000 is crazy. The Realtor gave a copy of the appraisal to the selling agent but not sure where it goes from here. I remember Janice...
“Should I Continue to Prepay my Mortgage?”      I guess maybe with the economy not looking so hot and Fed trying to keep rates low for a long time, I guess that rates may stay low for a while so no panic on refinancing. Hopefully in a few months my credit will get to where it needs to be. Questio...

Joe Petrowsky

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