“Please let all my Mortgages be this Easy”

    “Please let all my Mortgages be this Easy”








My name is Rob XXXXX. I am a friend of XXXX XXXXX. He gave your info and said you may be able to help me out. 

My wife and I would like to refinance our house. We have been stuck in a higher rate loan since 2008 when we did a large addition to our home. Our current rate is 7% and we have tried a few times to refinance but were told that the equity ratio to what we owe was not enough and have been paying the PMI for years. 

As of the past year, it appears our equity has increased (value of house has gone up and loan has come down a little. 

I think it is currently valued around $340,000 and we owe $290,000. The current mortgage is with XXXXXX Bank. I should be in a position to take some additional money off the loan (maybe $20,000). I could do this in September if needed. If that would make a difference in refinancing. 

We would like to go to a 15 year mortgage (but are open to suggestions) and obviously reduce the interest rate. Our current credit score is very good its 744 according to Experian. 

We have a few credit card bills but they will be paid by Sept as well. 

Let me know what our options are. And we can come meet in person if need be.

Thank you sir.




So often my competition ends up getting me so much new business. When I ran the numbers for this client, the debt ratio was in the mid 20’s and I could go up to the mid 40’s. Since we are not doing any cash out we can go up to a 95% loan to value. The bottom line is the numbers work really well, and this mortgage could have been refinanced a long time ago.




Image courtesy of StuartMiles/freedigitalphotos.net

Subscribe to my blog via Email:


Enter your email address:

Delivered by FeedBurner


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



Like me on facebookfollow me on twitterConnect with me on linkedin

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 2 commentsJoe Petrowsky • July 11 2018 12:52PM
“Please let all my Mortgages be this Easy”
“Please let all my Mortgages be this Easy” Joe, My name is Rob XXXXX. I am a friend of XXXX XXXXX. He gave your info and said you may be able to help me out. My wife and I would like to refinance our house. We have been stuck in a… more
“Whoops” Friends, let me tell you friends that one simple spelling mistake--even a typo--can make your life hell. I recently texted a short, romantic note to my wife while I was away on a fishing trip, and I missed one small "e. " No… more
“If You can do the Tougher Loans”
“If You can do the Tougher Loans” Hey Joe, OK, you have my attention again, the transaction that I referred over to you closed yesterday. To say that I am impressed would be an understatement, this was a tough one for sure. You… more
“One More Year to Wait”
“One More Year to Wait” Dear Joe, Thank you for your response to our letter and information. I know we are only a year out from discharge but is there anything we can do to try and buy at this time. We have never owned a home and our credit… more
“Great way to Learn? ”
“Great way to Learn? ” Little Johnny asks his father, "Where does the wind come from? " "I don't know. " "Why is the earth round? " "I don't know. " "Why do dogs bark? " "I don't know. "… more
“Thousand Miles between Mortgages”
“Thousand Miles between Mortgages” Good afternoon Joe, I am responding to your voicemail message via email as I am currently at work. I was inquiring online about your current mortgage rates in Florida for a single family house with a… more
“Face to Face is always Best but not always Possible”
“Face to Face is always Best but not always Possible” Good morning Joe, Dan again. I finally obtained the last pieces you need to get started! Should I send that type of info through an email or is it better if I schedule an appointment… more
“Pretty Creative? ”
“Pretty Creative? ” A Texas couple, both well into their 80s, goes to a sex therapist's office. The doctor asks, "What can I do for you? " The man says, "Will you watch us 'make whoopee'? " The doctor raises both eyebrows, but… more
“Unfortunately, No”
“Unfortunately, No” Hi Joe Quick question - On the loans that you mentioned is there any chance we can GC ourselves? We are struggling with getting pricing from GC's but Jan and I have a lot of experience and contacts in the business and would… more
“Sounds like a carpenter that once worked for me”
“Sounds like a carpenter that once worked for me” Bob had this problem of getting up late in the morning and was always late for work. After a few weeks of this, his boss was mad and threatened to fire him if he didn't do something about it. So… more