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Subprime 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.
A 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...
A subprime mortgage carries an interest rate higher than the rates of prime mortgages. Prime mortgage interest rates are the rates at which banks and other mortgage lenders may lend money to customers with the best credit histories. Prime mortgages can be either fixed or adjustable rate loans.
A subprime mortgage is one that’s normally issued to borrowers with low credit ratings. A prime conventional mortgage isn’t offered, because the lender views the borrower as...
A subprime mortgage is a home loan that's geared toward borrowers with bad credit who can't qualify for a prime mortgage at the best rates. If you have...
A subprime mortgage is issued to people with credit scores lower than 640. But they will pay high-interests rates. We explain the risks and alternatives.
A subprime mortgage is a loan for borrowers with poor credit, typically offered when they don’t qualify for prime mortgages. A subprime mortgage can help you achieve homeownership, but you must be prepared for higher interest rates and fees.