Your Springfield Home Expert | Whitney Shoffner Realtor

Tag: finance

  • What is a portable mortgage?

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    What Is a Portable Mortgage? A portable mortgage allows a homeowner to transfer their existing home loan—including its interest rate, terms, and remaining balance—to a new property. In essence, you “take your mortgage with you” when you move. This approach can be especially valuable in times of rising interest rates, helping borrowers keep a lower…

  • Pros and Cons of FHA Loans

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    FHA loans are a popular choice for many homebuyers, especially first-time buyers or those with less-than-perfect credit. Like any mortgage product, however, they have both advantages and disadvantages that should be carefully considered before making a decision. Pros of FHA Loans Cons of FHA Loans Key Takeaways FHA loans can be an excellent way to…