Right Trac Financial Group NMLS # 2709

Right Trac Financial Group NMLS # 2709 "Extraordinary Mortgage Solutions" is Right Trac's vision and appears in all that we do. Whatever your loan needs are, we can help. NMLS # 2709

Consistently going above and beyond client expectations has made Right Trac a leader in the mortgage industry.NMLS #2709 Complete mortgage services, offering loan solutions in four 4 states - CT, MA, NY & FL. Contact us any time for a no-obligation consultation. Conventional, FHA 203 B & K, VA, USDA, Reverse, Construction, Commercial and Nontraditional mortgages. Will assist first time home buyers

in getting pre-qualifed. Will assist individuals that have credit issues to improve their credit scores. Get in touch today to learn how you can get a loan.

Right Trac Financial Group, Inc is a reputable and customer-focused family owned mortgage business, seeking a motivated ...
05/30/2023

Right Trac Financial Group, Inc is a reputable and customer-focused family owned mortgage business, seeking a motivated and experienced Loan Officer to join our dedicated team. If you are a licensed professional in Connecticut, Massachusetts, Florida, New York, or Vermont, and possess a passion for helping clients achieve their financial goals, this opportunity is for you!

Email your resume to [email protected]

01/03/2023

Dear Right Trac family,

It is with great sadness that we announce that Joe Petrowsky passed away late last year. Joe was an incredible husband, father, and member of the community. He will be truly missed by all of us at Right Trac, as well as the thousands of clients he served over 40 years in the mortgage business.

Although Joe is no longer with us, his legacy of extreme dedication to serving clients lives on through Right Trac.

Gail, Joe’s wife of 53 years, and their daughter Jill will continue to operate Right Trac with the same passion and dedication Joe demonstrated throughout his career.

Gail was with Joe every step of the way as they built Right Trac. Many of you have already met Jill, a licensed Loan Officer, who will carry Joe’s legacy forward.

While no one can replace Joe, our team is dedicated to continuing to provide the same quality services that you have come to expect. We will honor Joe’s memory and continue his mission to help anyone who needs a loan.

If you or someone you know is thinking about buying a home or investment property, consolidating debt or taking cash out for any other reason, or has any mortgage-related questions in CT, MA, NY, or FL, please reach out.

As Joe would ask every client he helped, “who do you know that needs our help?”

You can reach the Right Trac team at 860-647-7701 or email Jill directly at [email protected].

While these past few weeks have been incredibly difficult, we are eager to start this new chapter and look forward to continuing Joe’s legacy into 2023 and beyond.

Sincerely,

Gail, Jill and the rest of the Right Trac team

Yes, You Can Refinance Out of a Chapter 13 Bankruptcy“Joe,Can you get me some business cards and will forward to my BK a...
11/17/2022

Yes, You Can Refinance Out of a Chapter 13 Bankruptcy

“Joe,
Can you get me some business cards and will forward to my BK attorney. She said she is blown away that you were able to refinance me out of my Chapter 13. Actually, I can’t get over it either.
You can’t imagine how much of a difference this refinance will make in our lives. Making nearly $2,000 monthly to the trustee was killing us, especially the cost of everything these day. My attorney told me she was not aware that someone can refinance out of a chapter 13, amazing!!
I put a blurb on my page, as many of our friends know about the financial challenges over the past few years. Not sure if you get any more business out of it as few people want to discuss this kind of issue.
You are truly making such a difference in our lives!!”

You would think all attorneys working in bankruptcy would know individuals can refinance out of a Chapter 13, but not the case. It’s a shame that there are so many people needlessly stuck in bankruptcy.
If you know an attorney that practices bankruptcy law, I would be happy to speak to them.
And even better, if you know someone in a Chapter13, I’d be happy to discuss a refinance with them.
These days, every penny counts. Let me know if I can help you or someone you know.

Buying a Home that Needs Renovations"My realtor gave me your contact information, he showed us a home that needs extensi...
11/14/2022

Buying a Home that Needs Renovations

"My realtor gave me your contact information, he showed us a home that needs extensive renovations. The bank that she normally works with doesn’t do any kind of renovation mortgages and they recommended calling you. You do these types of loans, correct?

The asking price is $640,000 and has been on the market for quite some time. We have not gotten a detailed bid for the renovations but am guessing $200,000. For us that would be much better than the price range we were looking at.

We were planning on putting around $200,000 and our combined income is around $180,000. We both have good credit.

We know that interest rates have gone up in the last few months but based on the saving in price range, and knowing that rates will drop, we want to purchase sooner rather than later. Can you help us?"

A conventional renovation loan is the perfect solution for these clients. In speaking with their Realtor, she shared with me that the property will most likely appraise near $1 million dollars with the renovations completed. Yes, there is the inconvenience of not having the property ready for immediate occupancy, but the return on their investment will make it well worth the wait.

We have renovation loans available as conventional, FHA, VA and USDA mortgage.

Let me know if you want to discuss one of these mortgages for home improvements.

The Neighborhood is a 10, Spend the Money!"Call me crazy, but I am going to do another flip.Still working with the origi...
11/11/2022

The Neighborhood is a 10, Spend the Money!

"Call me crazy, but I am going to do another flip.

Still working with the original investor you gave me a couple of years ago. The property is in the same subdivision as the last one. As you know the last one made over eighty big ones.

So, do I go balls to the wall again and spend crazy dollars on all the extras, or dumb it down, make a smaller profit, and move on?"

Never forget about LOCATION, LOCATION, LOCATION.

There will continue to be demand for a home. Maybe not much as a few months ago, but the demand remains strong.

“Hi JoeLong time no talk, hope all is good with you.If you recall we purchased a home in North Carolina a few years ago ...
11/10/2022

“Hi Joe
Long time no talk, hope all is good with you.

If you recall we purchased a home in North Carolina a few years ago with plans to move down there once we both retired. Well, that was the plan, but not happening. We need to keep working for at least another 5 years.

Our plan at this point is to sell our current home and buy something smaller, and we need your assistance again. Let me know what you need from us in order to do a new mortgage.”

This is the second time this week someone is telling me they can’t retire when they had hoped.

Inflation and the cost of living has changed a lot of current and future plans.

Folks are figuring out ways to reduce their monthly spending, often consolidating credit card or installment debts and figuring out ways to reduce expenses.

There are options available for folks that are struggling in this economic environment.

*A home equity line of credit (HELOC) in many cases will help a lot. With home values having increased in the past few years, you might have more equity available than you realize.
*Or if debt consolidation might help you, let me know. High-interest debt is a killer, and consolidating high interest can make a big difference.

Get in touch if you or someone you know needs help with mortgage financing, obtaining a home equity line of credit, debt consolidation, or anything else!

A VA Mortgage is a Perfect Solution! “Hi Joe,My name is Jim ###XX, I had a mortgage application denied by Wells Fargo. T...
11/09/2022

A VA Mortgage is a Perfect Solution!

“Hi Joe,
My name is Jim ###XX, I had a mortgage application denied by Wells Fargo. The home appraisal came in below what we need to refinance into a conventional loan. We are very frustrated with the bank, they certainly didn’t offer any other options for us.

My wife’s boss gave her your contact information, he indicated that you did a VA mortgage for him. Here is my question, I am a veteran as well, should I consider that as an option?

If you would, please call me at 917 ###-###X, I always have the phone with me.”


I have never understood why more questions are not asked during the mortgage application process, and I don’t mean asking the questions that are on the mortgage application.

OK, the appraisal came in below the estimated value. But by going with a VA mortgage, the clients can go up to 100% of the appraised value. I hate to say it – but am glad the bank screwed it up.

Do you want to discuss alternatives for your mortgage needs?

FHA Mortgage Contingencies are OK These Days“Hi Joe,I have gotten two calls from my real estate agent last week, that ac...
11/07/2022

FHA Mortgage Contingencies are OK These Days

“Hi Joe,

I have gotten two calls from my real estate agent last week, that actually hasn’t happened in a while.

He tells me that there are a number of properties that are now available in my price range. He indicated that he has spoke to the listing agents, and they don’t see an issue with presenting FHA mortgage contingencies. As you well know, that has been a real problem in the last 12 months. In most cases I was basically told to not waste my time, apparently not the case any longer.

Can you run new numbers for me as I know interest rates are much higher at this point. If this makes sense, please put together a new pre-qualification letter for me.

All the best Bree.”


Sometimes, I just don’t get it!

Why would a home seller not accept an FHA continency if the client is qualified? Maybe if there were something really wrong with the home that a home inspector or appraiser would bring it up as an issue that needs to be addressed before closing.

Always remember if there are outstanding issues, an FHA 203K allows for renovations. Oftentimes, clients end up saving a lot of money, and getting a home more to their liking, by buying a fixer upper and renovating the home.

If you want to discuss a scenario, I would be happy to talk about it with you. As always there is no obligation. Get in touch with me today.

NO Tax Returns or Job Required“Joe,I recently went to a Bigger Pockets event and your name came up. I was speaking with ...
11/04/2022

NO Tax Returns or Job Required

“Joe,
I recently went to a Bigger Pockets event and your name came up. I was speaking with one of your clients about a mortgage for investment properties. He told me that he has good credit, but his tax returns aren’t very good, which is my situation. Can you help me as well?”

An investor cash flow (DSCR) mortgage is the perfect solution for folks that are looking to purchase or refinance 1 to 8 units, even mixed use properties, for investment.

1-4 units require 20% down and 5-8 units require 25% down.

Is a DSCR mortgage a good fit for you or your client?

Get in touch with me to learn more.

We Need to Stop Becoming a Nation of Renters“Mr PetrowskyYour name was given to me by my sister, she recently became a r...
11/02/2022

We Need to Stop Becoming a Nation of Renters

“Mr Petrowsky
Your name was given to me by my sister, she recently became a real estate agent and recommended we reach out to you. We are currently paying $2,100 rent and landlord is planning on putting the property up for sale. My sister suggested we take to you about buying instead of collecting rent slips.

We have 3 children so down payment is an issue, but she indicated you have programs that can get us into a home. Can we meet or set up a phone appt?”

For sure, interest rates have increased over the past few months. But also for sure, they will come down again. Once interest rates start to decline, real estate values will move up again.
If the plan is to keep renting, rents continue increasing, and there is no slowing down in sight!

The key to buying a home currently is, can you afford the mortgage payment? If the answer is yes, the interest rate is NOT the most important factor.

We have so many mortgage products available to help people. We have a mortgage product with NO down payment required, and even down payment assistance! So if a down payment is not the issue, what is?

We need to stop being a nation of renters!

Let’s discuss what is possible for you.

Address

110 MAIN Street
Manchester, CT
06042

Opening Hours

Monday 8am - 4:30pm
Tuesday 8am - 4:30pm
Wednesday 8am - 4:30pm
Thursday 8am - 4:30pm
Friday 8am - 4:30pm

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