“Can I do Commercial Mortgages?”

“Can I do Commercial Mortgages?”

 

 

 

Hello, Joe!

My brother and I are looking to refi the homestead up in Ludlow.  It seems anytime the word mortgage comes up in our family. 1. We do our checking with TD Bank and while I was there one day and out of curiosity I asked what they would have available, the guy said 5.5% with 5 year rate adjustment allowance amortized over 20 years, is that the way the system works now? 2. Do you do any commercial lending? If so, where do we begin?

Cheers, Mary Lynn

 

As luck would have it, I have a banker referral partner in her area that I thought could do a better job than I could for Mary Lynn and her brother. He was able to get her a 4.75% commercial mortgage that is fixed for 15 years.

Could I have done a commercial mortgage for them? Of course, but the rate would have been comparable to what she was originally told. I would much rather do what is best for my client and they will remember the result for years to come.

 

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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

www.righttracfg.com

www.joepetrowsky.com

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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.

Comment balloon 5 commentsJoe Petrowsky • February 14 2017 01:32PM
“Can I do Commercial Mortgages? ”
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