Is This Mortgage Proposal Good for Me?”

Is This Mortgage Proposal Good for Me?”





Mr. Petrowsky,

Your name was given to me by Peter XXXXXXXXX, I happened to be telling him about my interest in refinancing. He recommended I call you to find out if the deal that Quicken offered me is good for me, they hold my current mortgage. They offered me 4.625% and charging me 2.125 points which is just over $4000, plus the various other fees, all together $7098. When I include my escrows and other fees I’m up to $13,937. At your earliest convenience can you communicate back.




So often folks that are considering a refinance will contact their current mortgage holder thinking they will offer them the best deal. This thinking couldn’t be further from the truth. Your current mortgage holder isn’t stupid, they know you are thinking just that.


I took Phil’s mortgage application, his rate is 4.375% with no points, all his closing costs are $7200. A savings of almost $7000.




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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


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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 5 commentsJoe Petrowsky • July 18 2019 05:39PM


Good morning, Joe Petrowsky wow...what a difference right across the board....great job.... buyer beware and not assume your current mortgage co. will do you justice.... it's often an injustice.

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 8 months ago

Good morning Joe. It pays to shop around. The best way is to let a mortgage broker do your shopping. Enjoy your day 

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 8 months ago

Good Morning Joe. Shopping for the best rate is especially important these days.

Where else can you save $7000 for just a couple of minutes of your time

Posted by Bob Betel, President, Allstar Home Mortgage, Inc (Allstar Home Mortgage, Inc.) 8 months ago

Hi Joe I just talked to someone today that did exactly that - contacted their current mortgage holder and got a high rate plus points. I suggested they call a local lender - totally different offering way WAY lower and no points.

Posted by Anna Banana Kruchten Broker, CRB, CRS, 602-380-4886 (HomeSmart International) 8 months ago

That a great outcome! I am so glad that you are able to help them - that is awesome! 

Posted by Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties) 8 months ago