Your Springfield Home Expert | Whitney Shoffner Realtor

Tag: real-estate

  • 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…

  • Market update for 2025 and market predictions for 26′

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    The real estate market in late 2025 remains challenging, marked by high prices, elevated mortgage rates, and slow sales activity, but there are signs of cautious optimism and expectations of improvement heading into 2026.​​ Current Market Overview The housing market in November 2025 is characterized by moderate borrowing costs, with average 30-year fixed mortgage rates…

  • 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…