“As a first time home buyer I was very nervous about the whole home buying process. Peter Pescatore and his team were very helpful, polite, and extremely professional throughout the entire process. And, best of all, they got me a better rate then I was hoping for! They made buying my first home completely stress free. I highly recommend using Jet Direct for any of your home buying needs!”
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Nassau County Mortgage Banker
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.
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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.
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.
- 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.
- 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.
- 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.
- 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.
- 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.
What people are saying about Peter Pescatore
“Purchasing a home is not easy, let alone when life has thrown you a few curveballs and you have less than perfect credit. We reached out to Pete Pescatore at Jet Direct Mortgage who took the time to walk us through every step of the process. Once the process started and we had any questions he always made sure he picked up his phone, returned phone calls and returned emails. One of the biggest investments we have ever made and we felt educated and comfortable every step of the way. Thanks for everything Peter!”
“Peter Pescatore treated my husband and I like family. As a first time home buyer I was, of course nervous, and called him a lot. I mean aaaa lot, but he always made time for us and helped through the process. He was amazing and I am going to tell everyone I know to use him and Jet Direct!”
“From the initial contact to closing, Peter Pescatore and his team at Jet Direct where extremely helpful. They provided my clients with the assurance and security they needed as first time home buyers. Peter is very knowable in his field and always provided a timely, professional response throughout the entire process. Leaving the purchasers feeling secure and confident during this big financial decision.”
“They were recommended to me by a co-worker who purchased her house a few months ago. I called them to see if it was worth refinancing my home. They got me a great low rate and a little cash in my pocket as well! Peter and the staff were amazing. Such an easy process- and fast. From initial phone call to my mortgage closing was less than 45 days! Give them a call if you are looking to refinance or buy a new home.”
“I have worked with Pete Pescatore and his assistant, Jeff, for many years (personally and professionally) as I am a realtor. They have gone above and beyond for me and my clients. I won’t let my family or friends buys a home without consulting them. They always have the best rates, lowest fees and are always available to answer your questions. 5 star rating!”
Our success and foundation is built
around our Jet Direct Core Values:
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.
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.
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.