“Get Your Monthly Payment Just Right”

“Get Your Monthly Payment Just Right”








                I wanted to reach out to you and give you an update and ask a question. When we first talked, I was a bit liberal when it came to what our combined annual gross salary was between Kasey and I. I was basing hers off of her hourly rate and calculated it from there. The real number is actually lower than 40k and that reflects on her W-2’s for the past few years. Also, her current YTD will not exceed 40k at year end. Is there a way we can revisit loan offerings? We were specifically looking at our chances on a USDA loan instead of an FHA loan. If needed, we can provide pay stubs/past W-2’s if needed to verify the info. We’ve also reduced our budget maximum with the Realtor you referred to us, as 200k would be just outside of what we would like to afford. Being more conservative on this angle will allow us to breathe easier as we move forward, and when we secure a home, will allow us to be more flexible in terms of finances give the fact of having a lower monthly payment on the home. We gave Liane a max of 175k at this point.

                Is it possible for you to run the numbers against a home with the cost of 175k? More of a “ballpark” estimate if any. Thanks!



When I go through the pre-qualification process, I make a point to explain the difference between an estimated payment that you qualify for compared to establishing a payment that someone is comfortable with. By no means are they the same.


Once someone understands the difference, each client has an opportunity to review their income and expenses to decide what is best for them.


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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 3 commentsJoe Petrowsky • November 20 2018 04:38PM


I actually love when buyers say they are pre-approved for $xxxK, but they only want to spend $yyyK because they want to be able to live. 

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) 9 months ago

Good morning Joe. So important for people to understand what they qualify for versus what they feel comfortable paying! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 9 months ago

Now it might be a very difficult task of finding a home for less than $200K

Posted by Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) 9 months ago