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About Semper Home Loans
What is an appraisal?
An appraisal is an unbiased professional assessment that determines the property value based on different factors. A homes condition, location, and the value of similar homes in the area that have ...
Why do I need an appraisal?
An appraisal is important for us to determine the value of the home. Lending a greater amount on a home, than it is worth, can result in a loss if a mortgage is defaulted on.
Who is responsible for setting up the appraisal?
Semper Home Loans is responsible for setting up the appraisal on the home you are purchasing or refinancing. Typically, the homebuyer pays for the appraisal, but you may choose to pay up front or i...
When do I get an appraisal?
An appraisal usually takes place after an offer has been accepted and the home inspection is complete.
Should I be present during the appraisal?
Typically, the buyer is not present for the appraisal. The appraiser will not disclose any information or answer any questions, so it doesn’t provide you any benefit to attend. If you are refinanci...
Pre-approval
Who should be on the loan application?
Your loan officer will walk you through expectations for the loan process, such as estimated days to close, loan conditions, and fees. Maintaining your current financial status is important for your loan to proceed. Fluctuations in savings accounts, credit card balances and employment may all impact your mortgage process...
Who should be on the loan application?
Your loan officer will walk you through expectations for the loan process, such as estimated days to close, loan conditions, and fees. Maintaining your current financial status is important for your loan to proceed. Fluctuations in savings accounts, credit card balances and employment may all impact your mortgage process...
Who should be on the loan application?
Your loan officer will walk you through expectations for the loan process, such as estimated days to close, loan conditions, and fees. Maintaining your current financial status is important for your loan to proceed. Fluctuations in savings accounts, credit card balances and employment may all impact your mortgage process...
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