“Giving and Receiving”

    “Giving and Receiving”



Not sure why this institution doesn’t have a mortgage solution? After speaking to Mark, it is all going to be pretty simple.


Mark had put his son’s name on title when the land was purchased. The home is being built on his property, which means upon completion we will be doing a refinance.


Mark told me that the bank wanted to have his son come up with a down payment, which is where the challenge was. Since the son has owned the land for a couple of years, NO down payment would be required.


I spoke to the son, handled credit and income and all is good. I set up an appointment to get the mortgage application completed so that we will be ready to close in June, when the construction will be complete.


This family planned very well to help their son get into his first home. Now it is my job to make the rest of this happen.




Please reach out to Mark, our bank does not have a solution for him.  He is building a home for his son in Southern Connecticut – I believe in Old Lyme.  He is doing all the work himself and construction is nearly complete.  He is financing the project himself, I believe through a HELOC that he took out on his own home and some liquid funds as well. As soon as the construction is complete, he wants his son to get a mortgage and pay back his home equity line. I originally suggested a construction loan but he had a bad experience with one in the past – he felt he paid a lot extra for inspections etc.  I mentioned you and your expertise and he was very interested in hearing any options you might have.  At the very least it will be a mortgage once the house is completed.  His cell phone is 860-XXX XXXX. 


Also, Matt XXXXXXXXX is coming in to do his construction loan application next week, thank you for the referral.


Lunch is on me when you get back from California.



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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.

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 20 commentsJoe Petrowsky • April 22 2016 06:21AM


Hi Joe.  You find ways to make things happen.  Banks are stuck in a rut.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) about 3 years ago

Good morning Joe. You get because you give and because you are really good.

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

Successful referrals and a lunch! It doesn't get better than that.

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

You're the best.....always finding the best options for your clients.  Well done sir.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 3 years ago

Hi Joe.  I find it interesting that the bank wouldn't use the land as a substitute for the down payment.  Though, I'm glad you can.

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

Good morning Joe. Banks never cease to amaze me! Nice you could be a source. Enjoy your day!

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

They were lucky to be referred to you. Good luck with these  clients.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 3 years ago

Thanks, Joe, for sharing this story. Advance planning can ease the path to home ownership.

Posted by Roy Kelley (Realty Group Referrals) about 3 years ago

Hmmm...sounds like a lender that could not read...or chose not to understand.

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) about 3 years ago

Joe, sounds like a fun time for this family, and sounds like they will have a really nice home soon. 

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

Hi Joe Petrowsky Isn't it amazing that banks just don't get it?

Bill Roberts

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

Hi Joe... just too many lenders out there who can't or won't think outside the box. Then they wonder why I refer my business to a few select people in town--precisely because they do think outside the box and make things happen.

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


How nice that there are so many that cannot do the job!  I am glad that you could take care of these people.  A

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

Sounds like the bank had tunnel vision and couldn't see outside the box.  Good job showing them the RightTrac!

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

Hello Joe, sometimes, one must look outside of the box to come up with a solution, another great job for your clients.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) about 3 years ago

Joe they contacted the right person for the answers.  Now it is just a matter of getting the loan into process and closed.  Easy! Right :)

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

Knowing the mortgage products and having something to help out these unusual requests is what makes you stand out.  Well done.

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

Joe- you give your wisdom, your professionalism and your expertise and kindness.  Who could ask for more. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) about 3 years ago

Hi Joe -- reciprocation --- it's not only a word with you, it's a way of life.  

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 3 years ago

Joe, if one could be called a magician in your line of work, you are at the top, always pulling the proverbial rabbit out of the hat!


Posted by Gayle Rich-Boxman Fishhawk Lake Real Estate, "Your Local Expert!" 503-755-2905 (John L Scott Market Center) about 3 years ago