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Bookmark or Share- What Is a Subprime Mortgage? Credit Scores, Interest Rates - InvestopediaA subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify for prime-rate loans.
- What Is A Subprime Mortgage?: Types, Benefits And Risks - ForbesA subprime mortgage is a loan that allows someone with a limited credit history, or subprime credit, to purchase or refinance a home. The Consumer Financial Protection...
- Subprime lending - WikipediaIn finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. [1]
- Subprime Loan: Definition, Uses, Downsides - InvestopediaA subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify for prime-rate loans. Quite often subprime borrowers have been turned down by traditional...
- What is a subprime mortgage? - Consumer Financial Protection BureauA subprime mortgage is generally a loan that is meant to be offered to prospective borrowers with impaired credit records. The higher interest rate is intended to compensate the lender for accepting the greater risk in lending to such borrowers.
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