“Rate Shopping?”

“Rate Shopping?”




Joe, I was a bit surprised to say the least, but delighted with the interest rate you locked us in at. As you well know I contacted a number of local banks to do some rate shopping, but you said that was great. I guess I still don’t understand how your jumbo rate was a quarter of a percent lower than anything we were told.

I have shared your contact information with a couple of friends that are presently home shopping, work your magic as well for them.



I don’t usually get a lot of rate shoppers, but this was not the case with these clients. I usually tell prospective clients that are shopping the following: “If rate is the only reason you are contacting me, then I am not the right mortgage broker for you”.


These clients indicated that they had been referred by a co-worker, so I continued the conversation even though they indicated they were rate shopping.


They shared the information I needed such as purchase price, loan amount, income, credit and so on. Fortunately, as a mortgage broker I can do my own shopping, so when I communicated back to them and told them what the rate would be for them, to say the least they were blown away.




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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 6 commentsJoe Petrowsky • November 30 2018 07:49PM


I just got 3 offes of a rate fo my client.

They were a half point apart

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 4 months ago

Rate is one of the main components of getting a mortgage loan, there are other compensating factors that might end up costing you more in the big picture...so be careful just shopping rates only!!!

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) 4 months ago

Good morning Joe. Always amzed me that the same bank offered wholesale at a lesser rate than they quoted. Advantage to those who use a knowledgeable mortgage broker. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 4 months ago

Good morning, Joe Petrowsky word of mouth advertising trumps everything... Happy Holidays to you and your family....

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 4 months ago

Glad that transaction ended the way it did. Good job for keeping the conversation alive while you gained trust with the buyers.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) 4 months ago

I always tell people to focus on service. Great mortgage brokers are worth their weight in gold.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 4 months ago