A mortgage survey is a document that shows in which state you are purchasing a home, may be required for the closing process. The purpose of a Mortgage Location Survey is to confirm to the title company that what is described in the property's deed is what is actually transferring in real life
The sole aim of this survey is to satisfy the lender that the property you are purchasing has enough value to cover the amount they are lending you. The lending company for your mortgage loan wants this document to verify that the property is as described in the legal document.
Views: 150
Replies