“I Just Paid Off My Mortgage”

“I Just Paid Off My Mortgage”




I did the mortgage for these clients a little over 7 years ago. At the time these folks had a very small mortgage that had 8 years left but $139,500 in short term obligations. They really didn’t want to refinance but the short term debts were killing them.


After much discussion we decided to do a new 15 year mortgage, pay off all their debts including the current mortgage. We ended up saving them $2200 per month. The goal was to pay down on their mortgage as much as they could each month until the home was paid off which was exactly what they did. Below is part of an email that she sent:


Joe, you may recall, we did a mortgage with you just over 7 years ago and wanted to let you know, I sent in our last mortgage payment this morning. As you know, we weren’t sure we could actually do it, but we did, with your help of course. The goal was for us was to retire in 2016, we can now do that. Thank you for your guidance.


Image courtesy of stuartmiles/freedigitalphotos.net

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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



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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.

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Comment balloon 25 commentsJoe Petrowsky • January 29 2016 12:22PM


Good morning Joe. Some people just need a little help to get them back on the straight and narrow! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) almost 3 years ago

Good morning Joe Petrowsky . Good for them and good for you. Owning your american dream is such a good feeling.

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) almost 3 years ago

Joe Petrowsky Good morning.  Sounds like a job well done for these folks!

Posted by Elyse Berman, PA, Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR (Best Connections Realty, Inc.) almost 3 years ago

Good morning Joe.  I retired in 2006, however I am not one just to become a couch potato.  I'll retire when I'm laid to rest, otherwise regardless I'll carry on. Having a good time, not in retirement.  

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) almost 3 years ago

That is great, Joe.  Sometimes creative problem solving leads to a much better solution.  So glad they reached their dream.

Posted by Women of Westchester Working Together, Women helping Women get ahead (Women of Westchester Working Together) almost 3 years ago

Your the man Joe, saving this couple $2200 per month certainly helped them pay off their loan quickly. Something we might have to consider with our mortgage.

Posted by Bob Ratliff, "Sold with Bob" (Robert Ratliff Realty) almost 3 years ago

No one should be in a situation where they go into retirement with big debts.  You found them a way to be able to enjoy their retirement

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) almost 3 years ago

What a wonderful story. I'm so glad they came to you for help and are now debt-free.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) almost 3 years ago


What a great message you received.  It is always nice to accomplish this.  Happy Sunday to you and Gail. A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) almost 3 years ago

Good morning Joe. What a lovely story here. You gave these folks a vehicle and they drove it home. Well done.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) almost 3 years ago

Good morning, Joe --- another great testimonial with such a positive impact on their lives.   Nice job.  

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) almost 3 years ago

Hi Joe Petrowsky retire? Wow, they are among the few who can.

Your solution (a fifteen year mortgage to pay off all the high interest rate debts) was the right one. Making the same or smaller monthly payment they "managed" to pay it off in half the time. Fantastic.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) almost 3 years ago

Joe Petrowsky Love hearing stories like this one.  Kudos to these folks who tackled their debt & won the battle.  Happy retirement.

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) almost 3 years ago

Wow!  Talk about discipline.  Very impressive story.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) almost 3 years ago

Now this is a story that really warms the heart, Joe! And a perfect example of what can happen when people are committed to specific goals.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage | Charlotte, NC) almost 3 years ago

Joe, that makes so much sense! Mortgage rates are a great deal lower than consumer debt and the interest expense is not tax deductible - get rid of it!

Posted by Olga Simoncelli, CONSULTANT, Real Estate Services & Risk Management (Veritas Prime, LLC dba Veritas Prime Real Estate) almost 3 years ago

Joe, those were some determined homeowners to pay it off in half the time needed, great job! 

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) almost 3 years ago

Thanks, Joe, for sharing this success story. Paying off a home mortgage is always a special moment.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) almost 3 years ago

You have some great stories to share and I love the ones with a happy ending. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) almost 3 years ago

Joe I never like extending out a mortgage that is almost paid off but in this case it was the right thing to do, a $2,200 per month saving is a huge amount.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 3 years ago

Hi Joe Petrowsky ,  It sure gives you a great feeling to hear stories like that, doesn't it?

Posted by Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC) almost 3 years ago

What a good feeling to pay off a mortgage. There is so much talk today about leveraging and borrowing at below 4% rates, but I still like a free and clear home!

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) almost 3 years ago

The American Dream come true Joe.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) almost 3 years ago

Hi Joe.  It must be gratifying to hear a plan that went just the way it was intended.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 3 years ago

There are so many good comments here. This is testimonial to you too Joe Petrowsky. You have been an important consultant to so many people - those you consult and those that read your blog.   

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) almost 3 years ago