Why Are Land Surveys Important?
Whether you are purchasing an existing home, acreage in the country, or a lot in a new subdivision, a land survey can be an important step in protecting your investment. Some banks still require a land survey in order to approve a mortgage; however, in the last few years many institutions have been more relaxed with that requirement. Because of this, land surveys are often overlooked and without one, homeowners can run into potential issues.
Read articleFast-Rising Mortgage Rates Are About to Make the Housing Market Even Crazier
This week, the average rate on a 30-year fixed-rate mortgage rose to 3.45%, money.com. That’s the highest rate since March 2020. In the short term, the jump is likely to increase demand for homes, as prospective buyers look to lock in a mortgage before rates go even higher.
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