“Qualified to the Max, NOT always Smart”

   “Qualified to the Max, NOT always Smart”






Dear Mr. Petrowsky,

It has been a couple of years since we communicated and this is all a bit uncomfortable as well. My wife and I met with you and you took us through the pre-qualification process. Unfortunately we did not pay attention to your sage advice at the time and went ahead and purchased a home that was over our heads.

I still remember you explaining the difference between how much we qualify for vs what is our comfort level for a monthly payment. You translated what we could afford based on our comfort level for a mortgage payment, but unfortunately we didn’t listen and ended up purchasing a home over $50,000 higher, that we truly can’t afford.

We have just listed our home, but not sure if we will break even or will need to bring money to closing. No matter what we need to get out from under the debt, as we have added credit card debt which doesn’t help.

The purpose for sharing all this, can we work together again? We are moving to New Hampshire and I know you are licensed to do mortgages there. I have already accepted a position, fortunately with a higher salary.

I will follow up with a phone call so that we can discuss my income and what our comfort level is for our next mortgage. I promise, this time we will pay attention.

All the best.




These folks are not alone. Many ask what the maximum they qualify for is. I will always ask what someone’s comfort level is for a monthly mortgage payment. Those two numbers are most often very different. When folks live to make a mortgage payment it can be a formula for disaster.


When you buy based on a maximum mortgage payment there isn’t room for other possible dollar needs. How about car repairs, home repairs or going on vacation? Putting it all on a credit card is often their answer.


Don’t fall into this kind of trap. Get pre-qualified based on your comfort level for a mortgage payment. I promise, you will sleep better!



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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.

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Comment balloon 4 commentsJoe Petrowsky • March 05 2019 08:34PM


You are so right, just because you qualify for so much, does not mean you buy so much!

When you buy based on a maximum mortgage payment there isn’t room for other possible dollar needs. How about car repairs, home repairsor going on vacation? Putting it all on a credit card is often their answer.

Posted by Sham Reddy CRS, CRS (H E R Realty, Dayton, OH) over 1 year ago

Good morning Joe. Many try for the max but few are prepared for the consequences. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) over 1 year ago

Joe Petrowsky It appears this couple learned a valuable lesson and you are the man to guide them to their next affordable home.

Posted by Sandy Padula and Norm Padula, JD, GRI, Presence, Persistence & Perseverance (HomeSmart Realty West & Lend Smart Mortgage, Llc.) over 1 year ago

Morning Joe.

With some people, you can preach until your head hurts, and they still won't listen

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) over 1 year ago