Chris Kostoff
Chris Kostoff is the president and CEO of Mortgage Direct Corporation. He has been in the business for 11 years and all of his business is based on referrals. He was ranked in the Top 200 originators according to Mortgage originator Magazine 2006 doing over $78 million in loan volume. He resides in Coto De Caza with his wife Anne and 2 daughters Antonia and Brooklyn. He is a graduate of Vanguard University where he earned a BA in communications. In his spare time he enjoys spending time with his family, playing basketball and reading.
Articles by this Author
$7,500 Credit Makes Buying Now Very Attractive
- By Chris Kostoff
- Published 08/27/2008
- Real Estate
- Unrated
Declining home prices and low interest rates have created a favorable
buyer's market. Recent headlines have proclaimed that many real estate
markets have reached the point that homeowners would be paying less per
month for their home by owning it rather than renting it.
Real Estate Success: One on One Consultations Make All the Difference
- By Chris Kostoff
- Published 08/1/2008
- Real Estate
- Unrated
Running a mortgage company means one thing: being personally connected
to my clients. Why? Getting to know clients and potential clients in
person means that I am able to forge relationships with people and
truly help them to put the pieces of their financial puzzle together.
Sitting at someone's kitchen table, learning about their passions and
hobbies, hopes and fears is part of the reason why, with the housing
market the way it is and mortgage companies melting down before our
very eyes, my customers still call me.
Great Internet Mortgage Rates ... A Classic Bait and Switch
- By Chris Kostoff
- Published 07/13/2008
- Real Estate
-
Rating:
Recently I had a potential client tell me he was shopping for a loan on
the internet. He told me it appeared the internet had better rates. Upon further investigation however, it seemed that the loan package he was seeing was packed with hidden fees that made it considerably pricier (in the long run) than anything I'd showed him. How do they get away with that?
Not All Bad News on the Mortgage Front:
- By Chris Kostoff
- Published 06/21/2008
- Real Estate
-
Rating:
Most print ads and media outlets portray the mortgage market as bleak
and simply put a mess. It is true that tougher underwriting guidelines
and declining home values have caused things to slow down. Yet, many
deals are being done and sometimes all it takes is a good loan package
and a understanding lender. Just recently, I ran into a difficult
situation that had potential. It's my philosophy not to over-promise so
I told my client we'd work together on a solution and went to work for
him.
Does the Fed Change Your Monthly Mortgage Payment?
- By Chris Kostoff
- Published 06/10/2008
- Real Estate
-
Rating:
The Federal Reserve has cut interest rates six straight times since
September 2007. Most analysts are predicting that the Fed will cut
rates even further when it meets at the end of this month. And yet,
despite a full 3% in interest rate cuts during this time, mortgage
rates are significantly higher now than they were just three months
ago. How is that possible? Don't rate cuts equal lower mortgage rates?
Read on as the team at YOU Magazine goes behind the headlines to show
you how these Fed cuts do and don't affect your mortgage.
FHA is Back and Better than Ever
- By Chris Kostoff
- Published 06/3/2008
- Real Estate
-
Rating:
Federal Housing Administration (FHA) loans have become an extremely
popular choice recently for Americans looking to buy a new home, or
refinance an existing home. In fact, according to the FHA, the total
volume of FHA loans has reportedly tripled in the last year alone – but
why?
