The HELOC is Going to Change My Life!
“Joe I want to thank you for letting me know about the REMN 5 day Heloc. It is going to change my life. I am paying off and paying down debt. I will be able to get my credit score back where they belong. I will lower my monthly bills. It will also reduce my…
Read MoreConstruction Loan for a 4-Family
“I did a Google search and came across your name. I also viewed a couple of your blogs regarding new construction. I live in New York and want to build a 4-family home – three other family members and myself. I have spoken to numerous lenders including banks and couldn’t find anyone that would talk…
Read MoreSure the Rate is Important… But?
Joe, Not sure if you remember me, but you did my mortgage a little over 4 years ago. The emails you are sending got me thinking about financing or I should say refinancing needs. With inflation where it is, the cost of everything has gone up to a point that I am going to start…
Read MoreWho Says New Agents Can’t be Successful?
“Hi Joe, I am doing another open house on Saturday, can you keep your cell phone on again, just in case? This one is a little higher priced. I still can’t believe you were able to get the buyers pre-qualified over the phone. They told me they are delighted to be working with you. I…
Read MoreAvoid Mortgage Insurance on a Renovation with a Fannie Mae Homestyle Loan
Hey Joe, Tell me your thoughts. You know we have not been able to find a home that checked off all the boxes. We see a property that has our attention, however it needs some work. As you know we will be putting down about 25% down so doing an FHA 203K would require mortgage…
Read MoreBuying a Home with a Friend
“Mr. Petrowsky, My dad gave me your contact information. I have a friend and we have discussed purchasing a home together. I am paying nearly $1400 rent and she is paying a little more than that. So, we thought about pooling our resources and buying a home together instead of paying rent. My dad is…
Read More“There is no better time to be a real estate investor”
Hi Joe, I am so delighted that I listened to you. The first week of April I sold my entire portfolio, it looks like about 200K in gains, but I don’t care. Now that I am sitting with a bunch of money, I want to add to my real estate portfolio. The three properties that…
Read MoreDon’t Panic Over Interest Rates!!
For those of us, that have been in the mortgage lending business for a while we’ve seen all this before. I know that every real estate market is different, but here is what I am seeing currently. About 50% of purchase agreements are under contract at or below the asking price, while 50% are under…
Read MoreCan You Get Us a Mortgage to have a Home Built?
“Mr. Petrowsky, We were given your name by our next-door neighbors. We have been home searching for over a year and haven’t been able to buy. Adam told us that you did a construction loan for them and they are a month away from their home being finished. I understand that he is having a…
Read MoreWe Lack a Down Payment
“Mr. Petrowsky, We spoke about a dozen years ago, looking for a mortgage. At the time you could not do a mortgage for us as our debt ratio was very high. You even brought up a topic we just didn’t want to hear, which was bankruptcy. We didn’t do it then, but 5 years later…
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