“Mortgage Licenses in Multiple States bring Lots of Opportunities”

“Mortgage Licenses in Multiple States bring Lots of Opportunities”

 

 

Good afternoon Joe,

                I hope all is well with you, I’m pretty sure it is!  I have a client in White Plains who will be looking to purchase a home soon but may have an issue from an income perspective, I told him about you and he is open to an intro. He also has a few investment properties and is looking to grow that portfolio in 2018. Our bank just can’t help him, but am sure you will have some ideas. I will have him call you tomorrow.

Regards!!

 

Doing mortgages in all of New England, New York and Florida creates many opportunities for referral partners and past clients to refer me.

 

I recently closed a large loan for an investor that was using hard money loans to acquire property in three different states. Initially he was buying properties to flip, but somewhere along the line the strategy changed to buy and hold.

 

I have a lender that did a blanket mortgage on all of these properties that was amortized over 30 years at a rate of 6.125% and paid off mortgages that were written from 9.5% to 13%. The cash flow changed dramatically.

 

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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 2 commentsJoe Petrowsky • November 28 2017 04:17PM

Comments

Good morning Joe. Being able to write mortgages in multiple states on programs not normally available through banks is a huge advantage to you and more importantly the borrower. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 7 months ago

We have what I call specialty lenders, not big banks, that are licensed on all states.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 7 months ago

Participate