Chicago Mortgage Lender Debra Sineni

Get a Free Confidential Total Cost Mortgage Report

Total Cost Mortgage Analysis Report

Debra Sineni provides borrowers with a personalized report showing the total cost of your
Chicago mortgage options, side by side in a detailed transparent analysis video.

Deb Sineni has been featured in Top Agent Magazine as a top mortgage professional for lending in Chicago and within Illinois.

Still Renting?  Rents have been going up all over Chicago and the suburbs.  With skyrocketing rents you can buy a home for the same and within your budget than what you’re paying in rent. (Even with the recent rise in interest rates)
Jump here to get the skinny

 

Home buyers and Homeowners needing an Illinois mortgage for Conventional, FHA, VA, and Jumbo mortgage loans can contact Deb Sineni.

For a free mortgage quote click below 

Request A Mortgage Quote

Do You Need Mobile and Technology Solutions When Applying for a Home Mortgage?  Deb Has You Covered

 

Doc - Less Loan SubmissionGo Doc-Less Today!   No Paystubs, Bank Statements or Tax Returns
Here’s How It Works…


Chicago Mortgage Solutions for a First Time Home Buyer
Chicago Mortgage Solutions for a First Time Homebuyer

Whether your done renting, or branching out from your parents home, there are options to help you purchase your first home.

 

Conforming Loan Limits to Increase in 2017
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Conforming Loan Limits Get a Boost

FHFA announced it will be increasing loan limits for one unit single family homes starting January 1, 2017.

For a Chicago mortgage and metro areas of Illinois, the new loan limit for a 1 Unit property will be $424,100.

Two to Four unit properties allow for higher loan limits. This is very good news for borrowers who would like to purchase or refinance higher priced homes.

With Fannie and Freddie increasing their loan limits this allows borrowers to finance slightly more without getting into a Jumbo loan  which carries slightly higher interest rates than conforming loans do.

Contact me today for more information or for a free Total Cost Analysis Mortgage Report.


FHA Increases Loan Limits in 2017 for Many Counties Nationwide

chicago-mortgage-fha-hud-loan-limits
FHA Loan Limits Get a Boost

HUD and The Federal Housing Administration announced it will increase its’ loan limits effective with case assignments on January 1.

FHA calculates every year where they set their loan limits at and make their announcements at the end of every year.

For the Chicago mortgage market and Chicago Metro counties the FHA loan limits will remain the same.

These counties include:
Cook, DuPage, DeKalb, Grundy, Kane, Kendall, Lake, McHenry and Will.

For a free FHA mortgage quote click below
Chicago Mortgage Request A Rate Quote


Mortgage Approval: Tips for a Winning Approval

I want a mortgage and you want want?! I feel your pain, I really do.
I know buyers can sometimes feel frustrated when learning the amount of documentation they have to provide.

The very best advice I can give you is to gather your documentation early on in your process and be prepared before even calling your loan officer.

Provide everything your loan officer is asking for,(there’s a reason for it)  and get organized with it.
Read On for a winning Chicago mortgage approval.


What To Do If Your HELOC is About To Reset

If your HELOC, Home Equity Line of Credit mortgage  will be resetting, you’re not alone.

Over the next 2 years (as of July 2015) $150 billion dollars worth of HELOC’s will be resetting, and due to almost certain increase in short term rates that could mean double and possibly triple mortgage payments from what you have been used to.
Solutions for HELOC resets

Mortgage Approval & Divorce

Deb Sineni specializes in helping divorcing couples with the division of marital property.

If you need to remortgage to remove a spouse, or if you will need a Illinois mortgage to buy a new home to move on entirely, contact or call Deb for guidance on how to help you through this transition.

Conventional Mortgages have two options within the Conventional Mortgage - mortgagesourcedaily.comconventional category of loans; Fixed and Adjustable Rate Mortgages

Conventional qualifications are very specific as it relates to FICO score, overall credit profile, available down payment and even condition and type of property.

So how do you know right which one is right for you? Read On


FHA Mortgages-HUD

FHA - MortgageSourceDaily.com
FHA Loans

FHA mortgages are government insured loans, HUD does not originate FHA, rather they insure a percentage of the borrowed loan amount to the lender funding the loan against default.

 

The minimum down payment is 3.5% and FHA allows for lower FICO scores and has less stringent underwriting guidelines than a conventional loan does.

FHA also has less stringent guidelines for qualifying so if you have had a bankruptcy or other problems with credit, an FHA loan may be the solution for you.  Read On

 

VA Loans and Welcome Home
VA Loans for Veteran and Active DutyVA Loans

As a retired veteran or active duty service person, VA loans provide you with eligibility  to purchase or refinance with no money down.

Benefits of a VA loan are lower rates, no down payment, no mortgage insurance and underwriters understanding the unique circumstances of veterans and military families.  Read On

Foreclosure – Short Sale – Bankruptcy

Do you need information for getting back on track after Foreclosure, Short Sale or Bankruptcy.

Contact me for a consultation for establishing a timeline to help you with re-entry to home ownership.

Buying and Don’t Have a 20% Down Payment?

A Lender Paid Mortgage Insurance (LPMI) program is the solution. Purchasing a home with any amount under 20% and you will not be burdened with monthly mortgage insurance.

When a payment analysis is run, the majority of the time LPMI is cheaper than adding traditional monthly mortgage insurance into your mortgage payment.

Contact me now for approval of a Lender Paid Mortgage Insurance program or if you have any questions

Illinois Mortgage

Are you planning on selling in 2016 and are still short of equity?

Get connected with a experienced Real Estate agent for your Short Sale property – Find out who the professional is in your area

Do you plan on buying in 2016 and are considering short sale properties?

Read this in-depth information on buying and selling short sales

 

FHA Loan Limits – Review by County

Illinois by county
California by county