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Scott Kosteba

Elite Mortgage Consultant
3940 North Ravenswood, Chicago, IL 60613
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NMLS: 222990
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About Scott

I have been in the mortgage business since 1996 and with Guaranteed Rate since 2001. I graduated with a Bachelors in Finance from Purdue University. I love this business and love helping people achieve their dreams of home ownership. This business has made both a great life for me and my family and I do my best to give back all I can.

Scott interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
20 years helping people
Who is your typical customer and what questions do they typically have?
I have a wide variety of customers from the first time buyer to couples looking to refinance their loan to the lowest rate possible.
What specific steps do you use to help your customers find the best home loan for them?
Always try to find history behind the borrowers needs and find best products available to meet those needs
How long have you been in the mortgage business? What awards have you won?
20 years
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
Fixed rate mortgages are for the risk adverse. Guarantees a fixed rate the entire term of the loan that borrowers know will never change. Adjustable rate may have advantages such as lower initial start rates, but do eventually change. the product is more for individuals who are looking for short term benefits or housing.
What can borrowers do to insure a smooth mortgage underwriting process?
Always provide your loan officer all requested documents upfront. Your loan officer has the knowledge to request what is needed initially and will help to assist to avoid the need for future requests due to information not being provided that was request at time of application.
What provides you with the most satisfaction in your job as a Loan Officer?
Knowing you have helped your clients get that house they always dreamed of or the refinance that saves your borrower much needed money.
Tell us something that makes you unique or something wacky, yet interesting about you?
I commute from Indiana everyday to Chicago to our office because I love being at our company and with employees that help inspire you each day to do more.

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