Every loan has fees, but some have more than others. In general, the loans that offer a guarantee in the event that you default on the loan cost the most in the long run. The same is even true for conventional loans; if you put down less than 20 percent of the purchase price, you will need to pay a mortgage insurance premium, which guarantees the loan if you default, making lenders more willing to lend to you. Basically … [Read more...]