“Selling Your Current Home Can Create Opportunity”

“Selling Your Current Home Can Create Opportunity”

 

 

 

Good Evening/Morning Joe,

We are planning on putting in an offer on a home we looked at today. The offer is going to be for $480,000 with 5% down ($24,000). When you have the opportunity to send over the preapproval for this it would be appreciated. You will find the address included in the link.

Our current property went on deposit a couple of days ago and as you advised we will pay off all of our current obligations so the only payment we will have is our mortgage payment. Brilliant suggestion! We are truly looking forward to working with you again. 

 

When I took this client through the pre-qualification process and we reviewed their current obligations and estimated the cash that will be coming from the sale of the current residence, it made sense to pay everything off. The result of paying all their other debts means they will be savings nearly $2000 per month.

The net result means that the interest that they will be paying is all tax deductible, not the case with their current obligations. Their overall monthly payment will be much less. A real win for my 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

www.righttracfg.com

www.joepetrowsky.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 • December 16 2019 08:47PM

Comments

Good morning, Joe Petrowsky wishing you and Gail a Happy and Healthy 2020..... no need to wish prosperity for you, your strength in the real estate financing market will satisfy that wish.

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 6 months ago

Good morning Joe. Many ways to handle debt, but few good ones. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 6 months ago

Good morning Joe. Sounds like a win, win situation to me. Good advice but not surprised.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 6 months ago

Participate