Refinance Mortgage Menifee Lakes

  • Cristin Savino AvatarCristin Savino

    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!

    Surimaribo24 AvatarSurimaribo24

    Thank you jet mortgage Team. Enid -Michelle-Irene and the team are simply the best, with the speed and being on top of everything. they treat their clients like a king . dont look anywhere else if you're looking for a mortgage this is the one and last stop. they are PRO and will get you the best rates .words can't express how thankful we are. thank you for getting us into our first home.

  • Rachel Nieves AvatarRachel Nieves

    What a pleasure it was working with Peter, Jeff and Lauren. They are very knowledge in their field. The explained every step of the way what was happening and what we were to expect. We must have emailed them a million times and they never were upset at us for doing so. Not only did we use them to get our mortgage, but they can help years later to modify your mortgage and try to bring down your rates. We could have never of sold and bought our new home without them. I highly recommend them.

    Margo Urquijo AvatarMargo Urquijo

    Jet Direct was the best to work. We loved Enid so much. She was beyond helpful and made us feel so confident in the process. We will be recommending Enid and Jet Direct to any of our friends or family. So thankful for all you have done for my husband and I.

  • Paul Teri AvatarPaul Teri

    As first time home buyers, we were grateful to work with Sal Petrozzino! Not only is he personable, but he was always available to answer any questions we had along the way - didn't matter if it was nights or weekends. His guidance and expertise helped us to make the best possible decisions as we worked to close on our new home.

    Elizabeth Munoz AvatarElizabeth Munoz

    It was a pleasure working with Jet Direct. All my questions were answered promptly. I will refer them to family and friends. Thank you to Jet Direct for making it a smooth process!

  • Rachel Klein AvatarRachel Klein

    They made ma feel like family, they took me every step of the way . Thank you!

    John Michael AvatarJohn Michael

    Working with Pete, Jeff and Lauren was great. They helped me through the process and made it a great experience for us. I will recommend Jet to all our friends.

  • Adam Gurley AvatarAdam Gurley

    Peter Pescatore and his team were all class acts. They made buying my home stress-free. I will be recommending them to everyone!

    Cristin Savino AvatarCristin Savino

    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!

  • Vanessa Horowitz AvatarVanessa Horowitz

    Sal was a pleasure to work with. He was personable, patient and informative. I would highly recommend Sal.

Refinance Mortgage In Menifee Lakes

4 Great Reasons Riverside County Retirees Would Benefit from a Reverse Mortgage

If you’re thinking about taking advantage of today’s record-low refinance rates, you might be thinking about taking out a Menifee Lakes, CA refinance mortgage. If so, you’re going to want to have the best refinance company assist you with the process. In Riverside County, that company is Jet Direct Mortgage. Our licensed and certified professionals can help you get the best home refinance rates so you can maximize the equity in your home. Offering years of experience and a proven track record of excellence, we’re the first company that property owners throughout the area contact when they’re interested in home refinance loans. If you’re looking for the most reliable company that specializes in refinance mortgages near you, get in touch with a team that can help you get the lowest mortgage refinance rates: Jet Direct Mortgage!

Reasons to Consider a Reverse Mortgage When You Retire

Retirement is supposed to be the time in your life when you get to slow down, relax, and enjoy your golden years. However, given the ever-increasing cost of living, for many, retiring may seem like a pipe dream. If you’re ready to stop working but you are concerned about how you’re going to cover your expenses, you might be thinking that retiring isn’t an option for you. Don’t give up hope! If you’re a homeowner, a reverse mortgage may be the solution. 

A reverse mortgage is similar to a traditional mortgage in that it allows you to borrow money from a lender using your house as collateral and the title of your Riverside County home will remain in your name. The primary difference between the mortgage you used to purchase your house and a reverse mortgage loan is that instead of making monthly payments, your loan will be repaid when you no longer reside in your house. You will, however, have to cover the cost of property taxes, homeowner’s insurance, and any maintenance fees that are associated with the upkeep of your house. Additionally, the property you take a reverse mortgage out on does have to be used as your principal residence and you are required to keep the house in good condition.

If you’re ready to retire and are concerned about your finances, here’s a look at four great reasons why might want to consider taking out a reverse mortgage on your Riverside County house.

Low-Interest Rates

With a reverse mortgage, the lower the interest rates are, the more equity you will be able to withdraw from your Riverside County home. While interest rates change on a constant basis, currently, they are at an all-time low, and when you work with a reputable company that specializes in Menifee Lakes, NY refinance mortgages and reverse mortgages, you’ll be able to maximize the equity in your home, and the more equity you can pull, the more money you’ll have access to for your retirement.

You Remain the Owner of Your Riverside County Home

Another benefit of a reverse mortgage is that you’ll remain the owner of your Riverside County home. There’s a common misconception that the lender that funds a reverse mortgage becomes the owner of the property. In reality, however, you’ll retain ownership of your home, so long as you comply with the terms and conditions of the reverse mortgage loan and continue to pay the expenses that you’re responsible for, such as your homeowner’s insurance and property taxes.

There are Several Disbursement Options to Choose From

Unlike the traditional mortgage loan you took out to fund the purchase of your Riverside County house, which issues the entirety of the loan to the seller, with a reverse mortgage, you have the option to choose from a variety of different disbursement options. For example, you can choose to have a full or partial amount of the loan distributed to you, you can opt to receive a monthly payment, or you can receive a line of credit. You could also choose to receive a combination of any of these options. Because there are so many different disbursement options available with a reverse mortgage, you can choose to receive the funds from your loan in a way that will best fit your needs.

If the Housing Market Declines, You’re Protected

Since the balance of a reverse mortgage increases in size, there is a chance that, in time, it could exceed the fair market value of your Riverside County home. With that said, however, when your house is sold, if it turns out that the loan amount ends up being more than the value of the property and you took out a Home Equity Conversion Mortgage (HECM), insurance from the government will cover the difference because HECM reverse mortgages are insured by the US Federal Government. In other words, only the proceeds of the sale of your home will be used to cover the balance of the loan.

Interested in Learning More About a Reverse Mortgage?

The above are just some of the benefits that a reverse mortgage provides. If you’re interested in learning more, get in touch with Jet Direct Mortgage. As a leading lender that specializes in a variety of home financing options, including Menifee Lakes, CA refinance mortgages, and reverse mortgages, you can count on us to help you choose the right option and get the best rates to meet your needs so that you can enjoy your retirement without having to worry about finances. For more information or to speak with one of our knowledgeable and friendly loan officers, give us a call at 631-574-1306 or visit us online at today!

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