“Refinancing may Not be the Answer”


“Refinancing may Not be the Answer”





Scott and I were blown away. We met with you with the intension of refinancing our two mortgages and you talked us out of the idea. How crazy! We thought you would just sit with us a few minutes and then start doing the mortgage application, but you never opened up the computer.

You spent nearly an hour quizzing us about what our plans were for the property going forward and the truth is we really want to sell, but haven’t been able to do that. The property had been on and off the market over the past two years. The two agents that had listed the property kept telling us that the property was overpriced and we should be below $800,000.

It was clear after much discussion, lowering the price was the correct direction as we needed to sell the property. We will meet with both agents to discuss lowering the price and decide on relisting with one of them.

We can’t thank you enough Mr. Petrowsky.


I have seen this so many times. When a property stays on the market for some time people start considering refinancing. It may be an option, but I talk the situation through with the client to make sure that is the correct choice for them. It certainly was not the correct decision for these clients.


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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 4 commentsJoe Petrowsky • August 20 2018 02:09PM


Many times people re-fi to save some money but they end up owing more because they roll in the closing costs.  They really didn't save anything

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 3 months ago

That's wonderful that they came to meet with you! I hope their properties are sold soon.

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

Good morning, Joe Petrowsky giving the proper advice is the first step in establishing a strong bond with clients...

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 3 months ago

Good morning Joe. Sometimes the best answer is "no"! Some just don't have it on their play list. Enjoy your day!

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