p:631.574.1306×622
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f:631.731.4531
Peter Pescatore
COO
NMLS#93685

Start the home loan process today with Jet Direct Mobile. Calculate mortgage options, scan documents, and apply for a loan all directly on your phone.

Nassau County Mortgage Banker

Suffolk County Mortgage Broker

Thank you for visiting our website. We at Jet Direct Mortgage are excited to assist you with our mortgage services. We understand that the process of buying or refinancing a home in Nassau County can be daunting, but we are here to help alleviate the burden. As the best mortgage company in Nassau County, our experienced lenders have helped numerous borrowers secure financing for their dream homes.

We offer a variety of loan programs, including FHA, VA, and HECM reverse mortgages, that are accessible to buyers with different credit histories and incomes. If you need assistance with your mortgage but don’t know where to begin, we can help you find the best-suited program for your needs.

Our online application, accessible through the Jet Direct Mobile app, is designed to be convenient and user-friendly. You can start and stop your application at any time, and check your loan status on your mobile device at your convenience.

For more information, please contact Peter Pescatore at 631-848-7585. Thank you again for considering Jet Direct Mortgage for your home financing needs.

Contact Jet Direct Mortgage and Begin Exploring Your Options Today!

Learn more about Peter Pescatore – Top Loan Officer in Nassau County NY

Peter is the COO at Jet Direct Mortgage (Mortgage Banker) DBA Senior Reverse Network. – For over 18 years Peter has worked as both a licensed Mortgage originator and as a direct endorsement Underwriter / trainer certified though HUD – U.S. Department of Housing and Development.

After earning a degree in Business Administration from St. Joseph’s College in 1999, Peter began his career in the mortgage industry. He discovered a deep sense of satisfaction in helping families achieve their dream of home ownership and quickly made a substantial impact. Peter’s background in operations provided a solid foundation for his move into sales, where he excelled at team building and developing overall business strategy.

In 2011, Jet Direct Mortgage, a Long Island-based direct lender, brought Peter on board to lead the company’s growth and innovation efforts. He implemented aggressive new initiatives in recruitment, marketing, and operational improvements that resulted in exponential growth, reach, and market share for Jet Direct. Peter believes that fostering a positive corporate culture and workplace environment is crucial to an organization’s lasting success. He recognizes that Jet Direct’s team members take tremendous pride in their work and are motivated to be the best they can be when given the opportunity.

Peter specializes in helping borrowers realize their dream of home ownership and assisting homeowners at all stages of life. He has expertise in Conventional, FHA, VA, USDA, and Reverse Mortgages and is also an Underwriter. His knowledge of the home buying process enables him to make the experience as smooth and pleasant as possible for his clients. Excellent customer service is always his top priority.

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FAQs

What’s the difference between a mortgage banker and a mortgage broker?

When it comes to obtaining loans for real estate purchases, there are two primary professionals who can help: mortgage bankers and mortgage brokers. While they share some similarities, there are some important distinctions between the two.

A mortgage banker is a type of lender that provides home loans directly to borrowers. This means that the mortgage banker is responsible for underwriting the loan and providing the funds for the borrower to use to purchase a home. They may work for a large financial institution or be an independent company specializing in home loans. The mortgage banker evaluates the borrower’s financial situation and credit history to determine their ability to repay the loan and works with the borrower to find the best loan product and terms. In some cases, they may also offer additional financial services.

Using a mortgage banker offers several benefits. As a direct lender, they can provide a wide range of loan options and customize a loan to meet the borrower’s specific needs. This is especially useful for those with unique financial situations or credit challenges. Mortgage bankers can also provide faster loan decisions, which is helpful when trying to meet a tight deadline for purchasing a home. Working with a mortgage banker can also provide a more personalized experience since the borrower deals directly with the lender.

In contrast, a mortgage broker acts as a middleman, working with multiple lenders to help borrowers find the best loan for their needs. The broker does not provide the funds for the loan directly but instead facilitates the loan application process for a fee.

Overall, whether a borrower chooses to work with a mortgage banker or a mortgage broker will depend on their individual needs and preferences.

Choosing to work with a mortgage banker or a mortgage broker depends on the borrower’s needs and preferences. However, there are some advantages to hiring a mortgage banker over a mortgage broker.

  1. Direct Lending: A mortgage banker is a direct lender, meaning they have the funds available to provide home loans directly to borrowers. This can be beneficial for borrowers who need a fast decision on their loan application or who have unique financial situations that require a customized loan product.
  2. More Loan Options: Because a mortgage banker is a direct lender, they can provide a wider range of loan options to meet the borrower’s specific needs. In contrast, a mortgage broker works with multiple lenders, but they may not have access to all loan options available in the market.
  3. Personalized Service: Working with a mortgage banker can provide a more personalized experience, as the borrower deals directly with the lender. This can be helpful when navigating the loan application process, especially for first-time homebuyers who may have questions or concerns.
  4. Faster Loan Processing: Since a mortgage banker is a direct lender, they can often provide faster loan processing times compared to a mortgage broker. This can be important when trying to meet a tight deadline for purchasing a home.
  5. No Broker Fees: A mortgage broker charges a fee for their services, which can add to the overall cost of obtaining a home loan. In contrast, a mortgage banker does not charge broker fees, potentially saving the borrower money.

In summary, a mortgage banker offers the benefits of direct lending, more loan options, personalized service, faster loan processing, and no broker fees. However, whether a borrower chooses to work with a mortgage banker or a mortgage broker ultimately depends on their individual needs and preferences.

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The advantages of working with a direct mortgage lender

When it comes to buying a home, most people need to secure a mortgage to make the purchase. While there are a variety of options available for obtaining a mortgage, the two most common methods are through a mortgage banker or a mortgage broker. Both options have their benefits, but hiring a mortgage banker can provide some distinct advantages.

Firstly, a mortgage banker is typically an employee of a lending institution, such as a bank or credit union, and has a deep knowledge of the specific lending products that the institution offers. This allows the banker to provide more detailed and accurate information about the loan options available, as well as potentially offering better rates and terms than a broker.

Additionally, a mortgage banker is often able to offer a streamlined process for obtaining a mortgage. Since they work directly for the lending institution, they can handle many aspects of the mortgage process in-house, including underwriting and closing. This can save time and provide a more efficient process for the borrower.

Another benefit of working with a mortgage banker is the potential for a long-term relationship. If you are happy with the service and support provided by your banker, you may be more likely to return to them for future lending needs, such as refinancing or home equity loans.

Overall, while there are certainly benefits to using a mortgage broker, working with a mortgage banker can provide more tailored and efficient service, as well as potentially better rates and terms. If you are in the market for a mortgage, consider contacting a mortgage banker at a lending institution to explore your options.

What does a mortgage broker do?

A mortgage broker is a professional who acts as an intermediary between borrowers seeking a mortgage and lenders who offer mortgage products. Mortgage brokers work with a variety of lenders, including banks, credit unions, and other financial institutions, to help borrowers find the best mortgage loan for their needs.

The primary role of a mortgage broker is to assist borrowers in finding and securing a mortgage loan. This involves evaluating the borrower’s financial situation and credit history, and matching them with a lender that offers the most favorable loan terms and rates. Mortgage brokers have access to a wide range of mortgage products and can often find options that are not available to borrowers who work directly with lenders.

Once a borrower has selected a lender and a mortgage product, the mortgage broker will work with both the borrower and the lender to ensure that the loan is processed efficiently and accurately. This includes completing the necessary paperwork, providing documentation, and facilitating communication between the borrower and lender.

In exchange for their services, mortgage brokers typically receive a commission from the lender. This fee is typically a percentage of the loan amount, and can vary depending on the lender and the specific mortgage product.

While working with a mortgage broker can have several benefits, there are also some potential disadvantages that borrowers should be aware of before deciding to use a broker. Some of these disadvantages include:

  1. Cost: Mortgage brokers are typically paid a commission by the lender, which is often a percentage of the loan amount. This means that borrowers may end up paying higher fees and interest rates than they would if they went directly to a lender.
  2. Limited options: While mortgage brokers have access to a wide range of lenders and mortgage products, they may not have access to all available options. This means that borrowers may miss out on potential deals or better rates that they could have found on their own.
  3. Lack of control: When working with a mortgage broker, borrowers relinquish some control over the mortgage process. This is because brokers are the ones communicating with the lenders and making decisions on behalf of the borrower.
  4. Potential conflicts of interest: Mortgage brokers may have relationships with certain lenders, which could create a conflict of interest if they recommend those lenders to borrowers over others that may be a better fit.
  5. Quality of service: Not all mortgage brokers are created equal, and some may not provide the same level of service or expertise as others. It’s important for borrowers to do their research and choose a reputable and experienced broker.

Overall, while there are certainly benefits to using a mortgage broker, borrowers should carefully consider the potential disadvantages before making a decision. It’s important to weigh the costs and benefits and determine whether working with a broker is the right choice for their individual situation.

Nassau County Mortgage Broker

What people are saying about Peter Pescatore

CORE VALUES
Our success and foundation is built
around our Jet Direct Core Values:

Dedication

DEDICATION

We are dedicated to continually strive to surpass the expectations of our clients. We accomplish this by offering trusted advice, with a commitment to our client’s financial future.

Integrity

INTEGRITY

Integrity is at the forefront of our standards. Maintaining honesty and transparency builds trust and relationships.

Culture

CULTURE

For us, culture within our organization is achieved through a positive attitude and respect for one another. In turn, this gives our clients a better experience and provides better results.

Excellence

EXCELLENCE

The pursuit of excellence is the stepping stone to our success. We consistently seek to be better, more knowledgeable, and more effective for ourselves and our clients.