n High-Interest Rates: The convenience and velocity usually come at a value. High-interest rates could make your small mortgage balloon into a bigger financial obligation if not paid off quickly.
Short Repayment Period: While the short turnaround is nice in emergencies, it could be stressful to pay back the mortgage in a short amount of time.
Risk of Debt Cycle: Borrowers who rely too heavily on small loans may find themselves in a endless debt cycle, borrowing extra to repay earlier lo

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