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Commonly talked about topics
About Semper Home Loans
Appraised Value vs. Assessed Value
Appraised value: An appraised value is an evaluation of a property’s value performed by a professional appraiser. The value is based on factors such as location, access to amenities, condition and ...
Asset
An asset is anything of value, or a resource of value, that is taken into consideration to determine what you qualify for and how you would be able to continue making mortgage payments if you lost ...
Clear to Close
Your loan is clear to close when an underwrite has approved your loan documents and any conditions that were required, for the loan to be approved, have been met. At this point we are ready to sche...
Closing Costs
Closing costs are usually somewhere between 2% and 5% of the loan amount and include fees such as origination fee, mortgage points, title insurance, home appraisal, property taxes and real estate c...
Down Payment
A down payment is a percentage of the total price, which is paid in cash up front, with the remainder of the amount covered in the mortgage loan.
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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