“Take That Deal!”
I hope all is well! I wanted to give you someone who you might be able to help that unfortunately our bank couldn’t. Her name is Connie, she is interested in purchasing a 4 family building that will be used exclusively as rentals. She already has 4 tenants in there, the current building owner is older and is looking to get out of the business. She was looking at a 15-year option for $310K. She was talking with another bank and they gave her a rate of 3.25%. Maybe you have something that would work better. Again, her name is Connie and can be reached at 860-XXX-XXXX. Hopefully you can help her out! Thanks!
I wish I could do better, but not the case. I told Connie that she had an outstanding offer and to move forward with the mortgage application. I let her know the best rate I would have available for her was 3.75%. She wisely asked why my rate was a half percent higher. I spent a few minutes explaining things like credit scores, down payment and debt ratio.
She let me know that she was going to call the bank again to make sure that she fully qualified based on their criteria.
I wish I could do every loan, but that will never be the case.
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
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.