Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869
RECENT BLOG POSTS
"We met with a loan officer at our bank a couple of months ago and basically told us we should wait another year before we consider buying. We were a bit discouraged as we are paying almost $1900 per month rent and felt if we could buy and not pay much more. We would much rather pay a mortgage t...
09/04/2022
According to DS News, “real estate investors bought 87,500 U.S. homes in Q2 of 2022, up 11% quarter-over-quarter and 5.9% year-over-year.”-Real Estate Investors Purchased a Record $60.1B in Q2 Every investor I talk to is not concerned about a real estate bubble, not in the slightest. Everyone I s...
09/02/2022
“Global Warming?” It is late fall and the Indians on a remote reservation in South Dakota asked their new chief if the coming winter was going to be cold or mild.Since he was a chief in a modern society, he had never been taught the old secrets. When he looked at the sky, he couldn't tell what th...
08/31/2022
“Mr. Petrowsky, Can’t thank you enough for coming up with an amazing mortgage solution. As you know we were getting close to the point we going to have a capital gain from the sale of our previous home. We were not even aware that we could do a buydown of the interest rate. What a great solution...
08/30/2022
“Mr. Petrowsky, We are getting a little freaked out with all the housing news lately. Some of it sounds like values are going to drop, some are saying that the drop will be pretty serious. Should we stop looking a wait a year a two and just bite the bullet and keep renting?” More prospective hom...
08/30/2022
"Mr. Petrowsky My parent gave my sister and I your contact information. We have decided to purchase a home together, we know this is a bit unusual, but based on our income we see this as the best option for us. We recently meet with a family friend that is a real estate agent and realized we wer...
08/29/2022
"Mr. PetrowskyI have to apologize for my buyer and our mutual client, he is definitely a space cadet. I know you have requested the necessary documents so that you can get the mortgage application completed. He called me earlier today and told that he doesn’t know why he needs to supply any bank ...
08/27/2022
“Mr. Petrowsky My neighbor gave me your contact information. In 2020 and 2021 I was in forbearance and when this period was over the mortgage company contacted me, as to when I could bring the loan current. When I spoke to the servicer, they indicated that the payments missed would be added to t...
08/27/2022
As mortgage brokers we have seen different ways some lenders offer to help borrowers make the down payment required for an FHA loan.Up until now, I wasn’t feeling warm and fuzzy about them. We now have a lender in place that is offering to cover the entire 3.5% down payment. Here is the catch – t...
08/26/2022
"Overall app volume declined for the second week in a row. Apps fell 2.3% from last week’s totals, according to the MBA’s Weekly Mortgage Applications Survey" -Mortgage App Activity Bottoms Out to 22-Year Low - MReport   The need to purchase a home has not gone away. Over the weekend I receive 4 ...
08/25/2022
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Joe Petrowsky

Your Mortgage Consultant for Life
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