Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869
“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.                                        
“I Will Never Eat a Ham Sandwich Again” A priest and a rabbi found themselves sitting across the aisle from each other on an airplane.After a while, the priest turns to the rabbi and asks, "Is it still a requirement of your faith that you not eat pork?"The rabbi responds, "Yes, that is still one ...
      “Separation and Divorce”  Hey Joe,I am very interested in refinancing. My wife and I are separating but I will be keeping the house so it will have to be under my name only. Let me know what the next steps would be? Thanks Joe!   Unfortunately, separation and divorce can cause emotional and...

Joe Petrowsky

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