– FHA loans are not the perfect loans but they are the best fit for some situations. The main benefit is the ease it provides in getting a new property – but as we have mentioned, there are also trade-offs.
NINJA Loan Definition – A NINJA loan is a slang term for a loan extended to a borrower. resulting in a drop in the borrower’s credit score and ability to obtain other loans in the future. Pros and Cons of NINJA Loans.
5 Pros and Cons of FHA Loan – Green Garage – List of Cons of FHA Loan. 1. Will Eventually Cost More Interest The fact that it only costs as low as 3.5% in down payment, you will simply end up spending more on interest payment compared with having conventional down payment of 20%.