Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869
“You Don’t Mess with Old People!” I was in the McDonald's drive-through yesterday morning when the lady behind me honked at me and flipped me off because I was taking too long to order. Wow. "Take the high road" I thought to myself. So I paid for her food. I moved up and she leaned out the window...
“Is a Construction Loan for Us Possible” Hi Joe,The property we were hoping for was taken off the market until spring.  Just out of curiosity would we be eligible for a construction loan? If so what would that look like/require from us? We want to build in NH. Karen I have been doing construction...
“Are Real Estate Price Going to Drop?” Hi Joe. I hope you are well. I’m trying to decide when to buy a house again. What do you think?  As you know when I bought one of my previous homes in 2008, it took a lot of time before I could get out from under. Is it a good time or wait until prices go do...
“Reality?” During a virtual interview, a recruiter asks a recent college graduate, "What starting salary are you looking for?"The applicant replies, "In the range of $125,000 a year, depending on the benefits package."The recruiter says, "Well, what would you say to a package of 5 weeks' vacation...
“Construction Mortgages are Available” Thank you for communicating back to me, email is best. I’m currently rebuilding my credit, with a score around 600 or so. We are interested in buying land and building a home but not sure of the score requirements. I make a good income (about $200k/yr), but ...
“I Can’t Charge a Past Client for a Consultation” I hope you are well. You helped me with a mortgage back in 2013. My wife and I are considering purchasing a rental property in North Carolina (we do not have a specific property picked out yet) but would like to schedule some time with you to revi...
“A Senior's Version of Facebook”For those of my generation who do not, and cannot, comprehend why Facebook exists, I am trying to make friends outside of Facebook while applying the same principles. Therefore, every day I walk down the street and tell passers-by what I have eaten, how I feel at t...
“Appraisals Done for a Mortgage are NOT Shared with the Town or City”  Joe, My parts manager bought a house over a year ago and has a mortgage in the 5% range. He is concerned if the necessary appraisal would be reported to the town if he moved forward with attempting to refinance. Can you help? ...
“Against the $15,000 Credit being Proposed by the Biden Administration” A $15,000 credit is being talked about in Washington right now. Bad mistake! Think about the current shortage in housing, this will just add fuel to the fire. If Washington wants to do something to improve affordability for h...
“Valentine Day Special for Men” Reserve Now! Valentine’s Day Special! $500. We arrest you in front of your wife & release you on the following Tuesday. Includes camping fee, fishing license, tent, and beer. We come in full police uniforms and blue lights.                                        

Joe Petrowsky

Your Mortgage Consultant for Life
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