“Yes, We Want to Take Out additional Cash”
Hi Joe,
I can’t believe our home came in at $474,000. When we did the mortgage application I had estimated $420,000, so the appraisal number was a wonderful surprise. So, I want to go back to the question you asked previously, do you want to pay off any other obligations or take out any additional cash? I have changed my mind, I actually want to pay off our three credit cards and both cars. That would add $56,000 to the $260,000 mortgage that we applied for. What do you think?
We ended up changing the mortgage completely. By eliminating their car payments and credit card debt it allowed us to do a 15 year mortgage instead of 30. The mortgage payment was still less than what the current mortgage and all the other obligations were. Life is GOOD!
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Email: joe@righttracfg.com
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.
