Tax Returns Aren’t Needed for an Investor Cash Flow Mortgage

“Mr. Petrowsky, Your name was given to me by my real estate agent. I am in the process of buying a mixed-use property, 6 apartments and a 1st floor commercial space. The negotiated price is $482,000 and I would like to put 25% down but could do more if necessary. Even though I am purchasing…

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Reverse Mortgages, Good or Bad Idea?

Hi Joe, Hope you are well. When it comes to mortgages, there is no one else I would rather talk to and get advice from. We have a family member that may be looking for a reverse mortgage. It’s a little complicated, so I would like to talk to you when you have a few…

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With Inflation where it is, Debt Consolidation is a Big Deal!

Good to talk to you earlier today. I can’t believe I am thankful about giving up our 3.75% mortgage and looking at refinancing to a 5.5% rate. When I called, I had no direction, especially after getting laid off a couple of weeks ago, 4 of us got pink slips and we did not see…

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“Joe, I can’t tell you how excited we are, WE ARE HOMEOWNERS! When we originally spoke a few months ago, I truly didn’t believe we would be buying a home anytime soon. When you told us that we qualified for a mortgage it was overwhelming. Sure, you pointed out that a couple of our credit…

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“Have Been Waiting Nearly a Month to Get Pre-Qualified”

“Mr. Petrowsky, Your name was given to me by Jill XXXXXXX one of my co-workers. She told me you did her mortgage a few months ago. In any case I contacted the bank that my husband and I do our regular banking left two messages wanting to get qualified for a mortgage, unfortunately have never…

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What is the Felony Lane Gang?

The Felony Lane Gang is back in the Northeast. The “Felony Lane Gang” is a group of thieves based in Florida that travel across the United States stealing identities and checkbooks from unattended cars (“smash and grabs”). With the stolen checkbooks and driver’s licenses, the gang then commits fraud such as cashing checks using bank…

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ITIN Mortgages

There are millions of taxpayers that do not have Social Security Numbers (SSN) that fall into the category of “Foreign Nationals or Non-Permanent Resident Aliens.” Many of these folks are able to work and pay taxes because they are given an “Individual Taxpayer Identification Number” or ITIN Number. ITIN numbers came into existence in 1996,…

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“This Topic Drives Me Crazy”

CFPB Issues Advisory to Protect Privacy When Companies Compile Personal Data Advisory affirms that “permissible purposes” are required to use and share credit reports and background reports Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a…

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Number 14 was a Charm, but Not a Record

Number 14 was a Charm, but Not a Record. Finding the right property can be a challenge, but don't give up hope of finding the right home for you and your loved ones.

We just heard from another ecstatic new home-owner: “We are under contract but was convinced we were not going to own a home anytime soon. Thank you for not giving up on us! Our Realtor will send over the signed agreement. The agreed upon price is $470,500, have already given a $10,000 deposit. We have…

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Another Lender Shuts Down

Sprout Mortgage Shuts Down – National Mortgage Professional >> “Sprout President Shea Pallante informed the staff, which totaled more than 300 people, that the company would close its doors immediately – including both its retail and wholesale divisions” I did a transaction with them about 4 years ago – it was not fun by any…

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Right Trac Financial Group
110 Main Street
Manchester, CT 06042
Phone: (860) 647-7701

Right Trac Financial Group Trac Financial Group, Inc.
Mortgage Broker License Number: MB2709
Licensed in: Connecticut, Maine, Massachusetts, Florida, New York, Rhode Island, Vermont and Licensed by the New Hampshire Banking Department

Equal Housing Lender