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Bookmark or Share- What Is a Subprime Mortgage? - Ramsey - Ramsey SolutionsA subprime mortgage is a housing loan given to people with less-than-perfect credit.
- 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...
- 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.
- What Is A Subprime Mortgage? - BankrateSubprime mortgages — also known as non-prime mortgages — are for borrowers with lower credit scores, typically below 600, that prevent them from being approved for conventional loans.
- What is a Subprime Mortgage? - ExperianA subprime mortgage is a home loan available to borrowers with limited or less-than-ideal credit. Attributes of subprime mortgages often include high interest rates, closing costs and down payments, plus longer-than-standard repayment periods. Should You Get a Subprime Mortgage?
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