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Ksenya-84 [330]
3 years ago
6

What is a​ "subprime mortgage," and would a subprime borrower be likely to pay a higher or a lower interest rate than a borrower

with a better credit​ history?
History
1 answer:
klio [65]3 years ago
5 0

Answer: A subprime mortgage is a type of home loan issued to borrowers with low credit scores (often below 600) who wouldn't qualify for conventional mortgages. They usually come with much higher interest rates and down payments than conventional options. Taking out a subprime mortgage is rarely a good idea.

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Answer: The Smoot-Hawley Tariff Act of 1930 raised U.S. imported duties with the goal of protecting American farmers and other industries from foreign competition. The act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world.

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Entertainment magazines, radio and movies helped create a common culture because:
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arlik [135]

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lutik1710 [3]

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